Jack In The Box Inc. (NASDAQ:JACK) fell 1% during trading on Tuesday . The company traded as low as $86.39 and last traded at $86.67, with a volume of 153,849 shares changing hands. The stock had previously closed at $87.58.

A number of brokerages have recently commented on JACK. Jefferies Group reaffirmed a “buy” rating on shares of Jack In The Box in a research report on Saturday, May 14th. Barclays PLC reaffirmed a “hold” rating on shares of Jack In The Box in a research report on Saturday, May 14th. BTIG Research lifted their price objective on Jack In The Box from $79.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, May 12th. Cowen and Company reaffirmed a “buy” rating on shares of Jack In The Box in a research report on Sunday, May 29th. Finally, Bank of America Corp. reaffirmed a “buy” rating and issued a $90.00 price objective on shares of Jack In The Box in a research report on Thursday, May 12th. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Jack In The Box has an average rating of “Buy” and a consensus target price of $89.69.

The firm has a market cap of $2.82 billion and a price-to-earnings ratio of 28.19. The company has a 50-day moving average of $84.78 and a 200-day moving average of $73.79.

Jack In The Box (NASDAQ:JACK) last released its earnings results on Wednesday, May 11th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.15. The business earned $361.20 million during the quarter, compared to analysts’ expectations of $360.22 million. Jack In The Box’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.69 EPS. On average, equities analysts forecast that Jack In The Box Inc. will post $3.57 EPS for the current year.

In other news, insider Timothy P. Casey sold 4,812 shares of the company’s stock in a transaction on Thursday, May 12th. The shares were sold at an average price of $72.00, for a total value of $346,464.00. Following the transaction, the insider now directly owns 11,079 shares of the company’s stock, valued at $797,688. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Raymond Pepper sold 962 shares of the company’s stock in a transaction on Friday, June 3rd. The stock was sold at an average price of $85.97, for a total transaction of $82,703.14. Following the completion of the transaction, the vice president now directly owns 3,676 shares in the company, valued at $316,025.72. The disclosure for this sale can be found here.

Other institutional investors recently bought and sold shares of the company. J. Goldman & Co LP bought a new position in Jack In The Box during the fourth quarter worth $2,447,000. Schroder Investment Management Group increased its position in Jack In The Box by 26.9% in the fourth quarter. Schroder Investment Management Group now owns 565,695 shares of the company’s stock worth $43,394,000 after buying an additional 119,900 shares during the period. Cowen Group Inc. bought a new position in Jack In The Box during the fourth quarter worth $2,296,000. Wells Fargo & Company MN increased its position in Jack In The Box by 2.6% in the fourth quarter. Wells Fargo & Company MN now owns 2,062,735 shares of the company’s stock worth $158,233,000 after buying an additional 52,014 shares during the period. Finally, Tributary Capital Management LLC increased its position in Jack In The Box by 26.7% in the fourth quarter. Tributary Capital Management LLC now owns 55,881 shares of the company’s stock worth $4,287,000 after buying an additional 11,791 shares during the period.

Jack in the Box Inc is a restaurant company. The Company operates and franchises approximately 2,910 Jack in the Box quick-service restaurants (QSR) and Qdoba Mexican Eats fast-casual restaurants (Qdoba). Its segments are Jack in the Box and Qdoba Restaurant operations. It operates and franchises approximately 2,250 Jack in the Box restaurants, primarily in the western and southern United States, including one in Guam, over 660 Qdoba restaurants across the United States, and approximately four in Canada.

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