Telsey Advisory Group Raises Jack in the Box (NASDAQ:JACK) Price Target to $105.00

Jack in the Box (NASDAQ:JACK) had its price target increased by Telsey Advisory Group from $95.00 to $105.00 in a research report released on Thursday morning, Briefing.com Automated Import reports. The firm currently has an outperform rating on the restaurant operator’s stock.

Other equities research analysts have also recently issued research reports about the company. Morgan Stanley set a $89.00 price objective on Jack in the Box and gave the stock a hold rating in a research note on Friday, August 9th. SunTrust Banks upped their price objective on Jack in the Box to $108.00 and gave the stock a buy rating in a research note on Friday, May 17th. Goldman Sachs Group started coverage on Jack in the Box in a research note on Monday, July 29th. They set a sell rating and a $69.00 price objective on the stock. BidaskClub upgraded Jack in the Box from a sell rating to a hold rating in a research note on Saturday, August 10th. Finally, Credit Suisse Group upped their price objective on Jack in the Box from $75.00 to $78.00 and gave the stock an underperform rating in a research note on Friday, August 9th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of Hold and a consensus price target of $92.33.

Shares of Jack in the Box stock opened at $86.08 on Thursday. Jack in the Box has a 12-month low of $70.77 and a 12-month high of $91.72. The stock has a market cap of $2.23 billion, a P/E ratio of 20.66, a P/E/G ratio of 1.53 and a beta of 0.30. The business’s 50 day moving average is $79.93 and its 200-day moving average is $80.32.

Jack in the Box (NASDAQ:JACK) last announced its quarterly earnings data on Wednesday, August 7th. The restaurant operator reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.08. Jack in the Box had a negative return on equity of 18.59% and a net margin of 9.78%. The company had revenue of $222.36 million for the quarter, compared to analysts’ expectations of $220.44 million. During the same quarter in the prior year, the business posted $1.00 EPS. The business’s revenue was up 18.3% compared to the same quarter last year. Analysts forecast that Jack in the Box will post 4.34 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Monday, August 19th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date is Friday, August 16th. Jack in the Box’s dividend payout ratio (DPR) is presently 42.22%.

In related news, EVP Phillip H. Rudolph sold 2,000 shares of the stock in a transaction on Monday, July 8th. The stock was sold at an average price of $82.00, for a total value of $164,000.00. Following the sale, the executive vice president now owns 99,357 shares in the company, valued at approximately $8,147,274. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Carol A. Diraimo sold 590 shares of the 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 completion of the sale, the vice president now owns 17,588 shares in the company, valued at approximately $1,442,567.76. The disclosure for this sale can be found here. In the last 90 days, insiders sold 38,347 shares of company stock worth $3,320,063. 2.30% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC grew its holdings in Jack in the Box by 6,483.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 395 shares of the restaurant operator’s stock valued at $32,000 after buying an additional 389 shares in the last quarter. Strs Ohio acquired a new position in Jack in the Box in the 2nd quarter valued at $40,000. Quadrant Capital Group LLC grew its holdings in Jack in the Box by 1,815.0% in the 1st quarter. Quadrant Capital Group LLC now owns 766 shares of the restaurant operator’s stock valued at $60,000 after buying an additional 726 shares in the last quarter. Point72 Hong Kong Ltd grew its holdings in Jack in the Box by 3,727.3% in the 2nd quarter. Point72 Hong Kong Ltd now owns 842 shares of the restaurant operator’s stock valued at $69,000 after buying an additional 820 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new position in Jack in the Box in the 2nd quarter valued at $159,000. 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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