Jack In The Box Inc. (NASDAQ:JACK) shares were down 1% during mid-day 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 research analysts recently issued reports on JACK shares. Morgan Stanley upgraded shares of Jack In The Box from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $61.78 to $89.00 in a research report on Friday, April 8th. Robert W. Baird reiterated a “hold” rating on shares of Jack In The Box in a research report on Monday, May 16th. Barclays PLC reiterated a “hold” rating on shares of Jack In The Box in a research report on Saturday, May 14th. BTIG Research upped their price objective on shares of Jack In The Box from $79.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, May 12th. Finally, Zacks Investment Research upgraded shares of Jack In The Box from a “hold” rating to a “buy” rating and set a $94.00 price objective for the company in a research report on Tuesday, June 28th. Four research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Jack In The Box has a consensus rating of “Buy” and an average target price of $89.69.

The stock’s 50 day moving average is $85.13 and its 200 day moving average is $73.88. The firm has a market capitalization of $2.88 billion and a P/E ratio of 28.72.

Jack In The Box (NASDAQ:JACK) last issued its quarterly earnings data on Wednesday, May 11th. The company reported $0.85 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.15. The business had revenue of $361.20 million for the quarter, compared to analysts’ expectations of $360.22 million. During the same period in the previous year, the business posted $0.69 earnings per share. The company’s revenue for the quarter was up .9% on a year-over-year basis. Equities analysts expect that Jack In The Box Inc. will post $3.57 earnings per share for the current year.

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

Several hedge funds have recently added to or reduced their stakes in the company. GSA Capital Partners LLP boosted its stake in Jack In The Box by 15.1% in the fourth quarter. GSA Capital Partners LLP now owns 13,973 shares of the company’s stock valued at $1,072,000 after buying an additional 1,830 shares during the period. First Trust Advisors LP boosted its stake in Jack In The Box by 118.9% in the fourth quarter. First Trust Advisors LP now owns 16,909 shares of the company’s stock valued at $1,297,000 after buying an additional 9,185 shares during the period. Liberty Mutual Group Asset Management Inc. boosted its stake in Jack In The Box by 51.3% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 23,579 shares of the company’s stock valued at $1,808,000 after buying an additional 7,997 shares during the period. Cowen Group Inc. purchased a new stake in Jack In The Box during the fourth quarter valued at approximately $2,296,000. Finally, J. Goldman & Co LP purchased a new stake in Jack In The Box during the fourth quarter valued at approximately $2,447,000.

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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