Jack In The Box Inc. (NASDAQ:JACK)‘s stock had its “outperform” rating reiterated by Wells Fargo & Company in a note issued to investors on Thursday. They currently have a $120.00 price target on the restaurant operator’s stock. Wells Fargo & Company’s target price suggests a potential upside of 25.51% from the stock’s current price.

Several other research firms have also commented on JACK. Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $125.00 price objective on shares of Jack In The Box in a research note on Monday, June 5th. Morgan Stanley reissued an “overweight” rating and set a $126.00 price objective on shares of Jack In The Box in a research note on Tuesday, June 6th. Telsey Advisory Group lowered shares of Jack In The Box from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $125.00 to $118.00 in a research note on Thursday, May 18th. Bank of America Corporation reiterated a “buy” rating and issued a $118.00 target price (down previously from $120.00) on shares of Jack In The Box in a research note on Tuesday, June 13th. Finally, TheStreet upgraded shares of Jack In The Box from a “c+” rating to a “b-” rating in a research note on Thursday, June 15th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $115.31.

Shares of Jack In The Box (JACK) traded up 0.98% during trading on Thursday, reaching $95.61. 1,822,253 shares of the company traded hands. Jack In The Box has a 12-month low of $91.02 and a 12-month high of $113.30. The stock has a market capitalization of $2.81 billion, a P/E ratio of 23.62 and a beta of 0.57. The firm’s 50 day moving average is $96.12 and its 200-day moving average is $101.28.

Jack In The Box (NASDAQ:JACK) last posted its quarterly earnings data on Wednesday, August 9th. The restaurant operator reported $0.99 EPS for the quarter, missing the consensus estimate of $1.05 by $0.06. Jack In The Box had a negative return on equity of 49.06% and a net margin of 8.07%. The business had revenue of $357.80 million for the quarter, compared to the consensus estimate of $360.84 million. During the same period in the previous year, the firm earned $1.07 EPS. The company’s revenue was down 3.0% on a year-over-year basis. On average, equities research analysts anticipate that Jack In The Box will post $4.15 earnings per share for the current fiscal year.

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In other news, EVP Phillip H. Rudolph sold 6,908 shares of the company’s stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $103.64, for a total value of $715,945.12. Following the transaction, the executive vice president now owns 99,261 shares in the company, valued at $10,287,410.04. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 2.10% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. FNY Managed Accounts LLC bought a new position in shares of Jack In The Box during the first quarter worth $108,000. Glen Harbor Capital Management LLC increased its position in shares of Jack In The Box by 1.4% in the first quarter. Glen Harbor Capital Management LLC now owns 1,152 shares of the restaurant operator’s stock worth $117,000 after buying an additional 16 shares during the period. Tyers Asset Management LLC increased its position in shares of Jack In The Box by 1.4% in the first quarter. Tyers Asset Management LLC now owns 1,584 shares of the restaurant operator’s stock worth $161,000 after buying an additional 22 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Jack In The Box by 61.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,585 shares of the restaurant operator’s stock worth $156,000 after buying an additional 601 shares during the period. Finally, Victory Capital Management Inc. increased its position in shares of Jack In The Box by 17.8% in the second quarter. Victory Capital Management Inc. now owns 1,875 shares of the restaurant operator’s stock worth $185,000 after buying an additional 283 shares during the period. Institutional investors own 93.90% of the company’s stock.

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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