Jack In The Box (NASDAQ: JACK) recently received a number of ratings updates from brokerages and research firms:

  • 6/15/2017 – Jack In The Box was upgraded by analysts at TheStreet from a “c+” rating to a “b-” rating.
  • 6/13/2017 – Jack In The Box had its “buy” rating reaffirmed by analysts at Bank of America Corporation. They now have a $118.00 price target on the stock, down previously from $120.00.
  • 6/6/2017 – Jack In The Box had its “overweight” rating reaffirmed by analysts at Morgan Stanley. They now have a $126.00 price target on the stock.
  • 6/5/2017 – Jack In The Box had its “outperform” rating reaffirmed by analysts at Oppenheimer Holdings, Inc.. They now have a $125.00 price target on the stock.
  • 6/2/2017 – Jack In The Box was upgraded by analysts at Wells Fargo & Co from a “market perform” rating to an “outperform” rating. They now have a $125.00 price target on the stock.
  • 5/30/2017 – Jack In The Box had its “buy” rating reaffirmed by analysts at Bank of America Corporation. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 5/22/2017 – Jack In The Box was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Jack in the Box’s second-quarter fiscal 2017 earnings of $0.98 beat the Zacks Consensus Estimate by 8.9% and rose 15.3% year over year. Revenues of $369.4 million came just above the consensus mark and inched up 2.3% year over year. However, Jack in the Box’s shares have underperformed the Zacks categorized Retail-Restaurants industry year to date. Notably, comps at the Qdoba brand have been suffering due to poor restaurant level execution. A choppy sales environment in the U.S. restaurant space has further been hurting comps at both the brands and might continue doing so. Moving ahead, Jack in the Box’s premium and value offerings along with increased focus on menu innovation, franchising and delivery should somewhat aid in spurring growth. Efforts to reinvigorate the Qdoba brand along with management’s plan of even considering alternatives to the brand also bode well. Still, high costs might continue to hurt margins.”
  • 5/19/2017 – Jack In The Box had its “market perform” rating reaffirmed by analysts at Cowen and Company. They now have a $105.00 price target on the stock, up previously from $100.00.
  • 5/19/2017 – Jack In The Box had its “buy” rating reaffirmed by analysts at Bank of America Corporation. They now have a $120.00 price target on the stock, up previously from $110.00.
  • 5/18/2017 – Jack In The Box was downgraded by analysts at Telsey Advisory Group from an “outperform” rating to a “market perform” rating. They now have a $118.00 price target on the stock, down previously from $125.00.
  • 5/14/2017 – Jack In The Box had its “market perform” rating reaffirmed by analysts at Wells Fargo & Co.
  • 5/12/2017 – Jack In The Box had its “outperform” rating reaffirmed by analysts at Oppenheimer Holdings, Inc.. They now have a $125.00 price target on the stock.
  • 5/12/2017 – Jack In The Box had its “hold” rating reaffirmed by analysts at Cowen and Company. They now have a $100.00 price target on the stock. They wrote, “Our est for -1% Jack comps in 2Q matches Consensus Metrix, but we trail on EPS.””
  • 5/10/2017 – Jack In The Box was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Jack in the Box’s shares have outpaced the Zacks categorized Retail-Restaurants industry in the past one year. The company sees significant growth opportunities for both its brands, going forward. It makes regular menu innovations and also provides LPO’s at both its flagship restaurants to drive long-term customer loyalty. Apart from menu innovation and remodeling efforts, the company expects catering, marketing initiatives and delivery to boost comps at the Qdoba brand. Also, the company has mostly positive record of earnings surprises in recent quarters. However, costs related to increased marketing initiatives might keep profits under pressure. Also, a challenging macroeconomic environment leading to decelerating comps growth and increased competition in breakfast and lunch day parts raises concerns. Estimates for the current quarter too have been going slightly down ahead of its fiscal Q2 2017 earnings release.”
  • 5/3/2017 – Jack In The Box had its “buy” rating reaffirmed by analysts at Jefferies Group LLC.
  • 4/26/2017 – Jack In The Box was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $114.00 price target on the stock. According to Zacks, “Jack in the Box’s shares have outpaced the Zacks categorized Retail-Restaurants industry in the past one year. The company sees significant growth opportunities for both its brands, going forward. It makes regular menu innovations and also provides LPO’s at both its flagship restaurants to drive long-term customer loyalty. Apart from menu innovation and remodeling efforts, the company expects catering, marketing initiatives and delivery to boost comps at the Qdoba brand. Also, the company has mostly positive record of earnings surprises in recent quarters. However, costs related to increased marketing initiatives might keep profits under pressure. Also, a challenging macroeconomic environment leading to decelerating comps growth and increased competition in breakfast and lunch day parts raises concerns.”

Shares of Jack In The Box Inc. (NASDAQ JACK) traded down 0.43% during mid-day trading on Tuesday, hitting $105.50. The stock had a trading volume of 13,892 shares. The stock’s 50-day moving average price is $104.99 and its 200-day moving average price is $104.69. The firm has a market cap of $3.10 billion, a PE ratio of 26.07 and a beta of 0.59. Jack In The Box Inc. has a 52-week low of $81.79 and a 52-week high of $113.30.

Jack In The Box (NASDAQ:JACK) last announced its quarterly earnings data on Tuesday, May 16th. The restaurant operator reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.07. The company had revenue of $369.40 million during the quarter, compared to analyst estimates of $369.36 million. Jack In The Box had a net margin of 8.07% and a negative return on equity of 49.06%. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.85 EPS. On average, analysts anticipate that Jack In The Box Inc. will post $4.20 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, June 12th. Shareholders of record on Tuesday, May 30th were paid a dividend of $0.40 per share. The ex-dividend date was Thursday, May 25th. This represents a $1.60 dividend on an annualized basis and a yield of 1.51%. Jack In The Box’s dividend payout ratio is presently 39.51%.

In other Jack In The Box news, EVP Phillip H. Rudolph sold 6,908 shares of the business’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $103.64, for a total transaction of $715,945.12. Following the completion of the sale, the executive vice president now directly owns 99,261 shares in the company, valued at approximately $10,287,410.04. The sale was disclosed in a document filed with the SEC, which is available through this link. 2.10% of the stock is currently owned by insiders.

Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants (QSRs) and Qdoba Mexican Eats (Qdoba) fast-casual restaurants. The Company operates in two segments: Jack in the Box and Qdoba restaurant operations. Qdoba is a fast-casual Mexican food brand in the United States, offering food items including burritos, tacos, salads, and quesadillas.

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