Jack in the Box Inc. (NASDAQ:JACK) Receives $92.78 Average PT from Brokerages

Shares of Jack in the Box Inc. (NASDAQ:JACK) have been given a consensus recommendation of “Hold” by the fifteen research firms that are covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $92.78.

A number of research analysts have commented on JACK shares. Cowen reaffirmed a “buy” rating on shares of Adverum Biotechnologies in a report on Thursday, May 16th. BidaskClub downgraded Weyco Group from a “sell” rating to a “strong sell” rating in a report on Saturday, July 13th. Gordon Haskett raised Jack in the Box from a “hold” rating to a “buy” rating in a report on Wednesday, March 27th. Stifel Nicolaus set a $73.00 price target on Expeditors International of Washington and gave the stock a “hold” rating in a report on Monday, May 20th. Finally, ValuEngine downgraded Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Wednesday.

Shares of JACK stock traded down $0.34 during trading hours on Friday, reaching $77.42. The company had a trading volume of 10,527 shares, compared to its average volume of 390,541. 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 capitalization of $1.98 billion, a P/E ratio of 20.42, a P/E/G ratio of 1.39 and a beta of 0.32. The company’s fifty day simple moving average is $82.62.

Jack in the Box (NASDAQ:JACK) last posted its earnings results on Wednesday, May 15th. The restaurant operator reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.06. Jack in the Box had a negative return on equity of 19.41% and a net margin of 13.85%. The business had revenue of $215.73 million during the quarter, compared to analyst estimates of $217.99 million. During the same quarter last year, the firm earned $0.80 earnings per share. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. On average, equities analysts predict that Jack in the Box will post 4.25 earnings per share for the current year.

In other news, EVP Mark H. Blankenship sold 2,413 shares of Jack in the Box stock in a transaction on Tuesday, June 4th. The stock was sold at an average price of $83.69, for a total transaction of $201,943.97. Following the transaction, the executive vice president now directly owns 27,097 shares in the company, valued at approximately $2,267,747.93. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Carol A. Diraimo sold 590 shares of Jack in the Box stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $82.02, for a total value of $48,391.80. Following the transaction, the vice president now owns 17,588 shares in the company, valued at $1,442,567.76. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,267 shares of company stock worth $436,103. 2.30% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of JACK. Norges Bank purchased a new position in Jack in the Box during the 4th quarter valued at about $23,325,000. Wells Fargo & Company MN lifted its position in shares of Jack in the Box by 43.3% during the first quarter. Wells Fargo & Company MN now owns 448,922 shares of the restaurant operator’s stock valued at $36,390,000 after buying an additional 135,621 shares during the last quarter. Macquarie Group Ltd. lifted its position in shares of Jack in the Box by 12.0% during the fourth quarter. Macquarie Group Ltd. now owns 709,239 shares of the restaurant operator’s stock valued at $55,059,000 after buying an additional 76,230 shares during the last quarter. Samlyn Capital LLC lifted its position in shares of Jack in the Box by 17.1% during the fourth quarter. Samlyn Capital LLC now owns 300,790 shares of the restaurant operator’s stock valued at $23,351,000 after buying an additional 44,031 shares during the last quarter. Finally, State of Wisconsin Investment Board lifted its position in shares of Jack in the Box by 33.4% during the first quarter. State of Wisconsin Investment Board now owns 160,050 shares of the restaurant operator’s stock valued at $12,974,000 after buying an additional 40,050 shares during the last quarter. Institutional investors and hedge funds own 95.52% of the company’s stock.

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.

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

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