Several other equities analysts also recently issued reports on the stock. Jefferies Financial Group upped their price objective on shares of Jack in the Box from $25.00 to $57.00 and gave the company a hold rating in a report on Wednesday, April 22nd. SunTrust Banks raised their price target on shares of Jack in the Box from $66.00 to $79.00 and gave the stock a buy rating in a report on Monday, May 11th. Morgan Stanley lifted their price objective on shares of Jack in the Box from $66.00 to $70.00 and gave the stock an equal weight rating in a research note on Monday, July 20th. Wells Fargo & Co raised their target price on Jack in the Box from $72.00 to $89.00 and gave the stock an overweight rating in a research note on Friday, May 15th. Finally, Goldman Sachs Group raised Jack in the Box from a sell rating to a neutral rating and lifted their price target for the stock from $42.00 to $66.00 in a research report on Tuesday, May 26th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Jack in the Box presently has a consensus rating of Hold and an average price target of $76.00.
Shares of JACK stock opened at $82.11 on Wednesday. Jack in the Box has a 12-month low of $16.81 and a 12-month high of $93.12. The business’s fifty day simple moving average is $74.32 and its 200-day simple moving average is $66.27. The company has a market cap of $1.86 billion, a PE ratio of 37.49, a PEG ratio of 2.50 and a beta of 1.69.
Jack in the Box (NASDAQ:JACK) last announced its earnings results on Wednesday, May 13th. The restaurant operator reported $0.50 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by ($0.16). Jack in the Box had a negative return on equity of 12.11% and a net margin of 5.64%. The business had revenue of $216.16 million for the quarter, compared to analysts’ expectations of $212.07 million. As a group, sell-side analysts forecast that Jack in the Box will post 3.6 earnings per share for the current year.
In other news, Director John P. Gainor, Jr. purchased 700 shares of the stock in a transaction that occurred on Friday, May 29th. The shares were purchased at an average cost of $67.00 per share, with a total value of $46,900.00. Following the completion of the acquisition, the director now owns 5,381 shares of the company’s stock, valued at approximately $360,527. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.70% of the stock is owned by insiders.
Several institutional investors have recently made changes to their positions in JACK. Balyasny Asset Management LLC increased its stake in shares of Jack in the Box by 2,319.7% during the first quarter. Balyasny Asset Management LLC now owns 502,353 shares of the restaurant operator’s stock worth $17,607,000 after purchasing an additional 481,592 shares in the last quarter. Jennison Associates LLC acquired a new position in shares of Jack in the Box during the first quarter valued at approximately $15,717,000. Norges Bank purchased a new position in shares of Jack in the Box in the fourth quarter valued at approximately $25,846,000. Maverick Capital Ltd. acquired a new stake in shares of Jack in the Box in the first quarter worth approximately $10,736,000. Finally, Wells Fargo & Company MN increased its position in shares of Jack in the Box by 37.9% during the first quarter. Wells Fargo & Company MN now owns 925,643 shares of the restaurant operator’s stock worth $32,444,000 after purchasing an additional 254,414 shares in the last quarter.
Jack in the Box Company Profile
Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants. As of March 19, 2019, it operated and franchised approximately 2,200 Jack in the Box restaurants in 21 states and Guam. The company was founded in 1951 and is headquartered in San Diego, California.
See Also: How Does the Quiet Period Work?
Receive News & Ratings for Jack in the Box Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jack in the Box and related companies with MarketBeat.com's FREE daily email newsletter.