Jack In The Box Inc. (NASDAQ:JACK) fell 2.7% during trading on Tuesday . The company traded as low as $88.00 and last traded at $88.95, with a volume of 530,642 shares trading hands. The stock had previously closed at $91.40.

A number of research firms have recently commented on JACK. Vetr cut Jack In The Box from a “hold” rating to a “sell” rating and set a $87.97 target price on the stock. in a research report on Monday. Telsey Advisory Group dropped their target price 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. Robert W. Baird restated an “outperform” rating and set a $105.00 target price on shares of Jack In The Box in a research report on Thursday, June 23rd. Wedbush dropped their target price 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, SunTrust Banks Inc. began coverage on Jack In The Box in a research report on Wednesday, June 1st. They set a “neutral” rating on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $89.69.

The company’s 50 day moving average is $86.21 and its 200-day moving average is $74.69. The stock has a market cap of $2.87 billion and a PE ratio of 28.63.

Jack In The Box (NASDAQ:JACK) last posted its quarterly earnings results on Wednesday, May 11th. The company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.70 by $0.15. The company had revenue of $361.20 million for the quarter, compared to analyst estimates of $360.22 million. During the same quarter in the prior year, the business posted $0.69 earnings per share. The business’s revenue for the quarter was up .9% compared to the same quarter last year. On average, equities research analysts forecast that Jack In The Box Inc. will post $3.57 earnings per share for the current year.

In other Jack In The Box news, SVP Paul D. Melancon sold 4,187 shares of Jack In The Box stock in a transaction that occurred on Friday, May 27th. The shares were sold at an average price of $84.39, for a total value of $353,340.93. Following the completion of the sale, the senior vice president now directly owns 4,748 shares in the company, valued at $400,683.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Timothy P. Casey sold 4,812 shares of Jack In The Box stock in a transaction that occurred on Thursday, May 12th. The shares were 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 $797,688. The disclosure for this sale can be found here.

A number of hedge funds have bought and sold shares of the stock. Airain ltd boosted its stake in Jack In The Box by 516.3% in the fourth quarter. Airain ltd now owns 51,830 shares of the company’s stock worth $3,976,000 after buying an additional 43,420 shares during the period. J. Goldman & Co LP acquired a new stake in Jack In The Box during the fourth quarter worth about $2,447,000. Schroder Investment Management Group boosted its stake 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. acquired a new stake in Jack In The Box during the fourth quarter worth about $2,296,000. Finally, Wells Fargo & Company MN boosted its stake 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.

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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