Jack in the Box Inc. (NASDAQ:JACK) Receives $75.94 Average Target Price from Brokerages

Shares of Jack in the Box Inc. (NASDAQ:JACK) have received a consensus rating of “Hold” from the seventeen ratings firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $75.94.

Several equities research analysts recently commented on JACK shares. Wedbush cut their price objective on shares of Jack in the Box from $78.00 to $68.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 15th. Morgan Stanley reduced their price objective on shares of Jack in the Box from $75.00 to $70.00 and set an “equal weight” rating for the company in a research report on Wednesday, May 15th. Bank of America decreased their target price on Jack in the Box from $87.00 to $83.00 and set a “buy” rating on the stock in a research report on Wednesday, May 15th. The Goldman Sachs Group assumed coverage on Jack in the Box in a report on Thursday, June 13th. They set a “sell” rating and a $55.00 target price on the stock. Finally, Barclays reduced their price target on shares of Jack in the Box from $80.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 15th.

Jack in the Box Stock Up 0.7 %

NASDAQ JACK opened at $51.46 on Tuesday. Jack in the Box has a twelve month low of $49.33 and a twelve month high of $99.56. The company’s 50-day simple moving average is $54.59 and its 200 day simple moving average is $67.46. The stock has a market cap of $997.81 million, a P/E ratio of 9.06, a PEG ratio of 0.70 and a beta of 1.88.

Jack in the Box (NASDAQ:JACK) last released its earnings results on Tuesday, May 14th. The restaurant operator reported $1.46 earnings per share for the quarter, topping analysts’ consensus estimates of $1.43 by $0.03. The company had revenue of $365.40 million during the quarter, compared to the consensus estimate of $369.53 million. Jack in the Box had a negative return on equity of 16.97% and a net margin of 7.07%. The firm’s quarterly revenue was down 7.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.47 earnings per share. Research analysts anticipate that Jack in the Box will post 6.31 earnings per share for the current year.

Jack in the Box Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 25th. Investors of record on Thursday, June 6th were given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date of this dividend was Thursday, June 6th. Jack in the Box’s payout ratio is 30.99%.

Insider Buying and Selling

In related news, CEO Darin S. Harris sold 598 shares of the company’s stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $51.64, for a total value of $30,880.72. Following the sale, the chief executive officer now owns 90,887 shares in the company, valued at approximately $4,693,404.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 800 shares of company stock worth $41,514 in the last ninety days. Corporate insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. EntryPoint Capital LLC increased its holdings in Jack in the Box by 73.2% during the first quarter. EntryPoint Capital LLC now owns 866 shares of the restaurant operator’s stock worth $59,000 after buying an additional 366 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new position in Jack in the Box in the 3rd quarter valued at $93,000. Headlands Technologies LLC purchased a new stake in shares of Jack in the Box in the first quarter worth $97,000. Quadrant Capital Group LLC grew its position in Jack in the Box by 21.8% during the fourth quarter. Quadrant Capital Group LLC now owns 1,541 shares of the restaurant operator’s stock worth $126,000 after buying an additional 276 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its position in Jack in the Box by 9.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,993 shares of the restaurant operator’s stock worth $163,000 after buying an additional 179 shares in the last quarter. 99.79% of the stock is currently owned by hedge funds and other institutional investors.

About Jack in the Box

Jack in the Box Inc operates and franchises Jack in the Box and Del Taco quick-service restaurants in the United States. The company was founded in 1951 and is headquartered in San Diego, California.