BidaskClub lowered shares of Jack In The Box Inc. (NASDAQ:JACK) from a sell rating to a strong sell rating in a research report sent to investors on Wednesday.

Several other analysts also recently issued reports on the company. TheStreet upgraded Jack In The Box from a c+ rating to a b- rating in a report on Thursday, June 15th. Bank of America Corporation reiterated a buy rating and issued a $118.00 price target (down from $120.00) on shares of Jack In The Box in a report on Tuesday, June 13th. Morgan Stanley reiterated an overweight rating and issued a $126.00 price target on shares of Jack In The Box in a report on Tuesday, June 6th. Oppenheimer Holdings, Inc. reiterated an outperform rating and issued a $125.00 price target on shares of Jack In The Box in a report on Monday, June 5th. Finally, Wells Fargo & Company upgraded Jack In The Box from a market perform rating to an outperform rating and set a $125.00 price target for the company in a report on Friday, June 2nd. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company’s stock. Jack In The Box has a consensus rating of Hold and an average price target of $115.00.

Jack In The Box (JACK) opened at 95.13 on Wednesday. The company’s 50-day moving average price is $104.42 and its 200 day moving average price is $104.25. The firm has a market capitalization of $2.80 billion, a PE ratio of 23.51 and a beta of 0.59. Jack In The Box has a 1-year low of $86.51 and a 1-year high of $113.30.

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

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In other news, EVP Phillip H. Rudolph sold 6,908 shares of the firm’s stock in a transaction dated Monday, May 22nd. The stock was 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 $10,287,410.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.10% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of JACK. Great West Life Assurance Co. Can increased its position in Jack In The Box by 2.0% in the first quarter. Great West Life Assurance Co. Can now owns 18,541 shares of the restaurant operator’s stock worth $1,886,000 after buying an additional 372 shares during the period. Kornitzer Capital Management Inc. KS increased its position in Jack In The Box by 4.6% in the first quarter. Kornitzer Capital Management Inc. KS now owns 3,400 shares of the restaurant operator’s stock worth $346,000 after buying an additional 150 shares during the period. Canada Pension Plan Investment Board increased its position in Jack In The Box by 185.9% in the first quarter. Canada Pension Plan Investment Board now owns 110,582 shares of the restaurant operator’s stock worth $11,248,000 after buying an additional 71,900 shares during the period. Adams Diversified Equity Fund Inc. increased its position in Jack In The Box by 2.7% in the first quarter. Adams Diversified Equity Fund Inc. now owns 11,300 shares of the restaurant operator’s stock worth $1,149,000 after buying an additional 300 shares during the period. Finally, Oregon Public Employees Retirement Fund increased its position in Jack In The Box by 1.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 11,411 shares of the restaurant operator’s stock worth $1,161,000 after buying an additional 200 shares during the period.

Jack In The Box Company Profile

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.

Analyst Recommendations for Jack In The Box (NASDAQ:JACK)

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