Jack in the Box (NASDAQ:JACK) Stock Rating Upgraded by Gordon Haskett

Jack in the Box (NASDAQ:JACK) was upgraded by investment analysts at Gordon Haskett from a “hold” rating to a “buy” rating in a report released on Wednesday, March 27th, Marketbeat reports.

JACK has been the subject of a number of other research reports. Zacks Investment Research upgraded shares of Jack in the Box from a “sell” rating to a “hold” rating in a research note on Wednesday, January 23rd. Cowen restated a “hold” rating and set a $81.00 price objective on shares of Jack in the Box in a research report on Friday, November 30th. Wells Fargo & Co reduced their price objective on shares of Jack in the Box from $96.00 to $95.00 and set an “outperform” rating for the company in a research report on Thursday, February 14th. Finally, BidaskClub upgraded shares of Jack in the Box from a “sell” rating to a “hold” rating in a research report on Friday, February 8th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $91.40.

Shares of JACK traded up $0.27 during trading on Wednesday, reaching $78.00. 400,232 shares of the company traded hands, compared to its average volume of 449,983. Jack in the Box has a twelve month low of $74.19 and a twelve month high of $93.98. The stock has a market cap of $2.01 billion, a PE ratio of 20.58, a P/E/G ratio of 1.52 and a beta of 0.55.

Jack in the Box (NASDAQ:JACK) last announced its quarterly earnings data on Wednesday, February 20th. The restaurant operator reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.30 by $0.05. Jack in the Box had a net margin of 16.55% and a negative return on equity of 20.44%. The firm had revenue of $290.80 million during the quarter, compared to analysts’ expectations of $275.26 million. During the same quarter in the previous year, the business posted $1.23 earnings per share. The business’s quarterly revenue was down 1.3% compared to the same quarter last year. Equities analysts forecast that Jack in the Box will post 4.25 earnings per share for the current year.

In other Jack in the Box news, CFO Lance F. Tucker sold 517 shares of the business’s stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $81.26, for a total value of $42,011.42. Following the transaction, the chief financial officer now directly owns 19,004 shares of the company’s stock, valued at approximately $1,544,265.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 1,113 shares of company stock worth $89,004 over the last three months. 2.30% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in JACK. JNBA Financial Advisors acquired a new position in shares of Jack in the Box during the 4th quarter worth $31,000. Ancora Advisors LLC acquired a new position in shares of Jack in the Box during the 3rd quarter worth $110,000. Strs Ohio grew its stake in shares of Jack in the Box by 600.0% during the 4th quarter. Strs Ohio now owns 1,400 shares of the restaurant operator’s stock worth $108,000 after purchasing an additional 1,200 shares during the period. Tower Research Capital LLC TRC grew its stake in shares of Jack in the Box by 267.4% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,543 shares of the restaurant operator’s stock worth $129,000 after purchasing an additional 1,123 shares during the period. Finally, Dupont Capital Management Corp acquired a new position in shares of Jack in the Box during the 4th quarter worth $197,000. 95.52% of the stock is currently owned by institutional investors.

Jack in the Box Company Profile

Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants. As of April 15, 2018, it operated and franchised 2,245 Jack in the Box restaurants primarily in the western and southern United States and Guam. The company was founded in 1951 and is headquartered in San Diego, California.

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Analyst Recommendations for Jack in the Box (NASDAQ:JACK)

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