Jack In The Box Inc. (NASDAQ:JACK) shares saw strong trading volume on Monday . 729,209 shares traded hands during trading, an increase of 8% from the previous session’s volume of 673,447 shares.The stock last traded at $88.64 and had previously closed at $87.97.

Several equities analysts have recently issued reports on the company. Telsey Advisory Group lowered their price target on Jack In The Box from $105.00 to $85.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 13th. Zacks Investment Research upgraded Jack In The Box from a “hold” rating to a “buy” rating and set a $94.00 price target on the stock in a research report on Tuesday, June 28th. Vetr upgraded Jack In The Box from a “hold” rating to a “buy” rating and set a $87.97 price target on the stock in a research report on Monday, June 27th. Wedbush lowered their price target on Jack In The Box from $100.00 to $90.00 and set an “outperform” rating on the stock in a research report on Thursday, June 23rd. Finally, Robert W. Baird reiterated an “outperform” rating and set a $105.00 price target on shares of Jack In The Box in a research report on Thursday, June 23rd. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Jack In The Box currently has an average rating of “Buy” and an average price target of $89.69.

The stock has a market capitalization of $2.88 billion and a PE ratio of 28.79. The stock’s 50 day moving average price is $85.64 and its 200-day moving average price is $74.10.

Jack In The Box (NASDAQ:JACK) last posted its quarterly earnings data on Wednesday, May 11th. The company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.15. The firm had revenue of $361.20 million for the quarter, compared to analyst estimates of $360.22 million. During the same period in the prior year, the company posted $0.69 EPS. The firm’s quarterly revenue was up .9% compared to the same quarter last year. 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 stock in a transaction on Thursday, May 12th. The stock was sold at an average price of $72.00, for a total value of $346,464.00. Following the transaction, the insider now owns 11,079 shares of the company’s stock, valued at approximately $797,688. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Raymond Pepper sold 962 shares of the 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 transaction, the vice president now directly owns 3,676 shares in the company, valued at approximately $316,025.72. The disclosure for this sale can be found here.

Other hedge funds and 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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