Jack In The Box Inc. (NASDAQ:JACK) had its price target upped by Jefferies Group from $112.00 to $121.00 in a research note released on Friday. Jefferies Group currently has a buy rating on the stock.

A number of other equities research analysts also recently commented on the company. TheStreet downgraded Jack In The Box from a buy rating to a hold rating in a research report on Monday, November 21st. Wedbush reaffirmed an outperform rating and issued a $125.00 price objective on shares of Jack In The Box in a research note on Tuesday, November 22nd. Oppenheimer Holdings Inc. reaffirmed a buy rating and issued a $115.00 price objective on shares of Jack In The Box in a research note on Tuesday, November 22nd. Barclays PLC lifted their price objective on Jack In The Box from $96.00 to $98.00 and gave the company an equal weight rating in a research note on Tuesday, November 22nd. Finally, Zacks Investment Research cut Jack In The Box from a buy rating to a hold rating in a research note on Wednesday, October 26th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company’s stock. Jack In The Box currently has a consensus rating of Hold and an average price target of $102.23.

Shares of Jack In The Box (NASDAQ:JACK) opened at 104.02 on Friday. The stock has a market capitalization of $3.36 billion, a PE ratio of 28.61 and a beta of 0.50. The firm has a 50-day moving average price of $97.88 and a 200-day moving average price of $92.52. Jack In The Box has a 1-year low of $61.78 and a 1-year high of $109.40.

Jack In The Box (NASDAQ:JACK) last posted its earnings results on Monday, November 21st. The company reported $1.03 EPS for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.15. Jack In The Box had a negative return on equity of 83.17% and a net margin of 7.76%. The company had revenue of $398.42 million for the quarter, compared to the consensus estimate of $398.67 million. During the same quarter in the previous year, the business earned $0.62 earnings per share. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. On average, equities research analysts forecast that Jack In The Box will post $3.73 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: This story was originally posted by Daily Political and is the propert of of Daily Political. If you are accessing this story on another site, it was illegally stolen and reposted in violation of U.S. and international copyright law. The correct version of this story can be viewed at http://www.dailypolitical.com/2016/12/01/jack-in-the-box-inc-jack-price-target-raised-to-121-00-at-jefferies-group.html.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 16th. Stockholders of record on Monday, December 5th will be issued a $0.40 dividend. This is an increase from Jack In The Box’s previous quarterly dividend of $0.30. This represents a $1.60 annualized dividend and a dividend yield of 1.54%. The ex-dividend date is Thursday, December 1st. Jack In The Box’s payout ratio is presently 32.97%.

In other news, VP Carol A. Diraimo sold 963 shares of the business’s stock in a transaction dated Tuesday, November 29th. The stock was sold at an average price of $103.40, for a total value of $99,574.20. Following the completion of the sale, the vice president now directly owns 15,521 shares of the company’s stock, valued at approximately $1,604,871.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Frances L. Allen sold 530 shares of the business’s stock in a transaction dated Friday, November 4th. The shares were sold at an average price of $94.03, for a total value of $49,835.90. Following the completion of the sale, the insider now directly owns 9,196 shares of the company’s stock, valued at $864,699.88. The disclosure for this sale can be found here. 2.00% of the stock is owned by insiders.

Hedge funds have recently bought and sold shares of the stock. Price T Rowe Associates Inc. MD increased its stake in Jack In The Box by 29.5% in the third quarter. Price T Rowe Associates Inc. MD now owns 2,759,380 shares of the company’s stock valued at $264,735,000 after buying an additional 628,480 shares during the last quarter. BlackRock Fund Advisors increased its stake in Jack In The Box by 6.0% in the third quarter. BlackRock Fund Advisors now owns 1,728,415 shares of the company’s stock valued at $165,824,000 after buying an additional 97,466 shares during the last quarter. Eagle Asset Management Inc. increased its stake in Jack In The Box by 14.3% in the second quarter. Eagle Asset Management Inc. now owns 655,089 shares of the company’s stock valued at $56,285,000 after buying an additional 82,066 shares during the last quarter. Victory Capital Management Inc. increased its stake in Jack In The Box by 58,757.7% in the third quarter. Victory Capital Management Inc. now owns 620,949 shares of the company’s stock valued at $59,573,000 after buying an additional 619,894 shares during the last quarter. Finally, Northern Trust Corp increased its stake in Jack In The Box by 1.6% in the third quarter. Northern Trust Corp now owns 607,391 shares of the company’s stock valued at $58,273,000 after buying an additional 9,287 shares during the last quarter. 95.36% of the stock is owned by institutional investors and hedge funds.

About Jack In The Box

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.

5 Day Chart for NASDAQ:JACK

Receive News & Ratings for Jack In The Box Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jack In The Box Inc. and related companies with MarketBeat.com's FREE daily email newsletter.