Jack in the Box (NASDAQ:JACK) PT Raised to $84.00

Jack in the Box (NASDAQ:JACK – Get Rating) had its price target increased by research analysts at Barclays from $73.00 to $84.00 in a research report issued to clients and investors on Thursday, The Fly reports. The firm presently has an “equal weight” rating on the restaurant operator’s stock. Barclays‘s target price suggests a potential downside of 3.96% from the company’s current price.

Other equities analysts also recently issued research reports about the stock. Citigroup cut their target price on shares of Jack in the Box from $88.00 to $75.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 23rd. Credit Suisse Group cut their target price on shares of Jack in the Box from $84.00 to $73.00 and set an “underperform” rating on the stock in a research note on Wednesday, November 23rd. Cowen raised their target price on shares of Jack in the Box from $70.00 to $80.00 and gave the company a “market perform” rating in a research note on Friday, November 18th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Jack in the Box from $88.00 to $75.00 in a research note on Wednesday, November 23rd. Finally, Royal Bank of Canada cut their target price on shares of Jack in the Box from $89.00 to $81.00 and set an “outperform” rating on the stock in a research note on Monday, December 5th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $87.56.

Jack in the Box Stock Down 0.4 %

NASDAQ:JACK opened at $87.46 on Thursday. The company has a market cap of $1.80 billion, a P/E ratio of 14.20, a P/E/G ratio of 0.90 and a beta of 1.62. Jack in the Box has a fifty-two week low of $54.80 and a fifty-two week high of $94.68. The firm’s 50 day moving average is $75.99 and its two-hundred day moving average is $78.19.

Jack in the Box (NASDAQ:JACK – Get Rating) last posted its quarterly earnings results on Wednesday, March 1st. The restaurant operator reported $2.01 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.25. The company had revenue of $527.10 million for the quarter, compared to the consensus estimate of $506.98 million. Jack in the Box had a net margin of 7.86% and a negative return on equity of 16.57%. Jack in the Box’s revenue was up 52.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.97 earnings per share. Research analysts forecast that Jack in the Box will post 5.54 earnings per share for the current fiscal year.

Insider Buying and Selling at Jack in the Box

In other Jack in the Box news, CMO Ryan Lee Ostrom sold 326 shares of the business’s stock in a transaction dated Thursday, February 16th. The shares were sold at an average price of $79.89, for a total transaction of $26,044.14. Following the sale, the chief marketing officer now directly owns 10,536 shares in the company, valued at approximately $841,721.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CMO Ryan Lee Ostrom sold 326 shares of the business’s stock in a transaction that occurred on Thursday, February 16th. The shares were sold at an average price of $79.89, for a total transaction of $26,044.14. Following the sale, the chief marketing officer now owns 10,536 shares in the company, valued at $841,721.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Timothy E. Mullany sold 521 shares of the business’s stock in a transaction that occurred on Thursday, February 2nd. The shares were sold at an average price of $75.98, for a total transaction of $39,585.58. Following the transaction, the chief financial officer now directly owns 8,308 shares in the company, valued at $631,241.84. The disclosure for this sale can be found here. Insiders sold 5,177 shares of company stock valued at $358,825 in the last ninety days. Company insiders own 1.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ancora Advisors LLC purchased a new position in Jack in the Box during the first quarter valued at approximately $25,000. Lazard Asset Management LLC bought a new stake in Jack in the Box in the third quarter worth approximately $31,000. Advisors Asset Management Inc. grew its position in Jack in the Box by 102.6% in the fourth quarter. Advisors Asset Management Inc. now owns 468 shares of the restaurant operator’s stock worth $32,000 after acquiring an additional 237 shares in the last quarter. US Asset Management LLC bought a new stake in Jack in the Box in the fourth quarter worth approximately $59,000. Finally, Householder Group Estate & Retirement Specialist LLC bought a new stake in Jack in the Box in the third quarter worth approximately $69,000. 99.78% of the stock is owned by hedge funds and other institutional investors.

Jack in the Box Company Profile

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Jack in the Box, Inc engages in operating and franchising a chain of quick-service and fast-casual restaurants. It operates through the Jack in the Box Restaurant segments. The Jack in the Box Restaurant segment offers a broad selection of distinctive products including burgers like Jumbo Jack burgers, and product lines such as Buttery Jack burgers including the Brunchfast menu.