Jack In The Box Inc. (JACK) Hits New 52-Week High at $100.66
Jack In The Box Inc. (NASDAQ:JACK) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $100.66 and last traded at $99.06, with a volume of 193,273 shares changing hands. The stock had previously closed at $99.46.
JACK has been the subject of a number of analyst reports. Oppenheimer Holdings Inc. reissued a “buy” rating and set a $86.00 target price on shares of Jack In The Box in a research note on Tuesday, May 10th. BTIG Research boosted their target price on shares of Jack In The Box from $79.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, May 12th. Morgan Stanley reissued a “buy” rating on shares of Jack In The Box in a research note on Thursday, May 12th. Bank of America Corp. reissued a “buy” rating and set a $90.00 target price on shares of Jack In The Box in a research note on Thursday, May 12th. Finally, Barclays PLC boosted their target price on shares of Jack In The Box from $75.00 to $79.00 and gave the company an “equal weight” rating in a research note on Friday, May 13th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $99.11.
The stock has a market cap of $3.24 billion and a price-to-earnings ratio of 30.13. The firm has a 50-day moving average of $94.17 and a 200-day moving average of $78.90.
Jack In The Box (NASDAQ:JACK) last posted its earnings results on Wednesday, August 3rd. The company reported $1.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.20. The firm earned $368.94 million during the quarter, compared to the consensus estimate of $367.52 million. During the same period in the previous year, the company posted $0.76 EPS. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. On average, analysts predict that Jack In The Box Inc. will post $3.73 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, August 29th. Stockholders of record on Tuesday, August 16th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.21%. The ex-dividend date was Friday, August 12th.
In other Jack In The Box news, VP Raymond Pepper sold 962 shares of the stock in a transaction dated Friday, June 3rd. The shares were sold at an average price of $85.97, for a total transaction of $82,703.14. Following the sale, the vice president now owns 3,676 shares of the company’s stock, valued at approximately $316,025.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Keith M. Guilbault sold 1,925 shares of the stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $96.59, for a total transaction of $185,935.75. Following the sale, the insider now directly owns 16,521 shares in the company, valued at approximately $1,595,763.39. The disclosure for this sale can be found here.
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.