Jack In The Box Inc. (JACK) Reaches New 1-Year High at $100.66
Jack In The Box Inc. (NASDAQ:JACK)’s share price reached a new 52-week high on Thursday . The company traded as high as $100.66 and last traded at $99.06, with a volume of 193,273 shares. The stock had previously closed at $99.46.
A number of equities analysts have recently weighed in on the company. BTIG Research increased their price target on Jack In The Box from $79.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, May 12th. Jefferies Group reiterated a “buy” rating on shares of Jack In The Box in a report on Saturday, May 14th. Barclays PLC reiterated a “hold” rating on shares of Jack In The Box in a report on Saturday, May 14th. Cowen and Company reiterated a “buy” rating on shares of Jack In The Box in a report on Sunday, May 29th. Finally, Bank of America Corp. reiterated a “buy” rating and set a $90.00 price target on shares of Jack In The Box in a report on Thursday, May 12th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $99.11.
The stock’s 50 day moving average is $94.70 and its 200 day moving average is $79.05. The stock has a market cap of $3.32 billion and a PE ratio of 30.88.
Jack In The Box (NASDAQ:JACK) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $1.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.20. The firm had revenue of $368.94 million for the quarter, compared to analysts’ expectations of $367.52 million. During the same quarter in the prior year, the business posted $0.76 earnings per share. Jack In The Box’s revenue was up 2.6% on a year-over-year basis. On average, equities analysts expect that Jack In The Box Inc. will post $3.73 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, August 29th. Investors of record on Tuesday, August 16th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, August 12th. This represents a $1.20 annualized dividend and a dividend yield of 1.18%.
In related news, insider Keith M. Guilbault sold 1,925 shares of the stock in a transaction on Monday, August 8th. The stock was sold at an average price of $96.59, for a total transaction of $185,935.75. Following the completion of the sale, the insider now directly owns 16,521 shares in the company, valued at $1,595,763.39. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
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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