Jack in the Box Inc. (JACK) Receives Consensus Rating of “Hold” from Analysts

Shares of Jack in the Box Inc. (NASDAQ:JACK) have been assigned an average rating of “Hold” from the nineteen brokerages that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $102.10.

A number of research analysts have commented on the stock. Stifel Nicolaus reaffirmed a “hold” rating and issued a $95.00 target price on shares of Jack in the Box in a research report on Wednesday, March 21st. BidaskClub raised shares of Jack in the Box from a “sell” rating to a “hold” rating in a research report on Tuesday, April 24th. ValuEngine cut shares of Jack in the Box from a “hold” rating to a “sell” rating in a research report on Friday, May 4th. SunTrust Banks upped their target price on shares of Jack in the Box to $100.00 and gave the company a “buy” rating in a research report on Friday, May 18th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $105.00 target price (down previously from $118.00) on shares of Jack in the Box in a research report on Wednesday, March 14th.

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Shares of JACK opened at $84.96 on Tuesday. The company has a quick ratio of 0.85, a current ratio of 0.87 and a debt-to-equity ratio of -2.09. Jack in the Box has a 12-month low of $79.23 and a 12-month high of $108.55. The stock has a market capitalization of $2.42 billion, a P/E ratio of 21.90, a PEG ratio of 1.60 and a beta of 0.43.

Jack in the Box (NASDAQ:JACK) last posted its earnings results on Wednesday, May 16th. The restaurant operator reported $0.80 EPS for the quarter, missing the Zacks’ consensus estimate of $0.86 by ($0.06). Jack in the Box had a net margin of 10.50% and a negative return on equity of 27.25%. The company had revenue of $209.80 million during the quarter, compared to analyst estimates of $212.84 million. During the same period in the previous year, the company earned $0.98 EPS. The company’s quarterly revenue was down 21.1% compared to the same quarter last year. equities research analysts anticipate that Jack in the Box will post 3.85 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, June 11th. Stockholders of record on Tuesday, May 29th were given a dividend of $0.40 per share. The ex-dividend date was Friday, May 25th. This represents a $1.60 annualized dividend and a dividend yield of 1.88%. Jack in the Box’s dividend payout ratio is presently 41.24%.

In other news, Director David Goebel sold 1,521 shares of the stock in a transaction dated Wednesday, May 23rd. The shares were sold at an average price of $81.71, for a total transaction of $124,280.91. Following the sale, the director now owns 20,181 shares of the company’s stock, valued at $1,648,989.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.60% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of the stock. BlackRock Inc. raised its holdings in Jack in the Box by 3.5% in the fourth quarter. BlackRock Inc. now owns 3,172,965 shares of the restaurant operator’s stock valued at $311,300,000 after acquiring an additional 108,723 shares in the last quarter. Millennium Management LLC raised its holdings in Jack in the Box by 4.5% in the first quarter. Millennium Management LLC now owns 1,039,330 shares of the restaurant operator’s stock valued at $88,686,000 after acquiring an additional 44,890 shares in the last quarter. Blue Harbour Group L.P. acquired a new stake in Jack in the Box in the first quarter valued at approximately $56,915,000. Bank of New York Mellon Corp raised its holdings in Jack in the Box by 7.5% in the fourth quarter. Bank of New York Mellon Corp now owns 413,333 shares of the restaurant operator’s stock valued at $40,553,000 after acquiring an additional 28,931 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Jack in the Box by 3.7% in the fourth quarter. Geode Capital Management LLC now owns 273,368 shares of the restaurant operator’s stock valued at $26,819,000 after acquiring an additional 9,817 shares in the last quarter. 96.76% of the stock is currently owned by hedge funds and other 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.