Jack In The Box Inc. (NASDAQ:JACK)‘s stock had its “buy” rating reiterated by investment analysts at Wedbush in a report released on Friday.

Other equities research analysts have also issued reports about the stock. Telsey Advisory Group lowered shares of Jack In The Box from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $125.00 to $118.00 in a report on Thursday, May 18th. Robert W. Baird lowered their price target on shares of Jack In The Box from $120.00 to $115.00 and set an “outperform” rating for the company in a report on Tuesday. TheStreet lowered shares of Jack In The Box from a “b-” rating to a “c” rating in a report on Wednesday. Barclays PLC lowered their price target on shares of Jack In The Box from $110.00 to $103.00 and set an “equal weight” rating for the company in a report on Thursday. Finally, Wells Fargo & Company reiterated an “outperform” rating and set a $120.00 price target on shares of Jack In The Box in a report on Thursday. One 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 has a consensus rating of “Buy” and a consensus target price of $115.31.

Jack In The Box (JACK) opened at 95.61 on Friday. The company has a market cap of $2.81 billion, a P/E ratio of 23.62 and a beta of 0.57. The stock’s 50 day moving average is $95.84 and its 200 day moving average is $101.24. Jack In The Box has a 1-year low of $91.02 and a 1-year high of $113.30.

Jack In The Box (NASDAQ:JACK) last announced its quarterly earnings data on Wednesday, August 9th. The restaurant operator reported $0.99 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.05 by $0.06. Jack In The Box had a negative return on equity of 41.35% and a net margin of 8.51%. The business had revenue of $357.80 million during the quarter, compared to the consensus estimate of $360.84 million. During the same quarter in the previous year, the firm posted $1.07 earnings per share. The company’s revenue was down 3.0% compared to the same quarter last year. Equities analysts anticipate that Jack In The Box will post $4.11 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 dated Monday, May 22nd. The shares were sold at an average price of $103.64, for a total value of $715,945.12. Following the sale, the executive vice president now directly owns 99,261 shares of the company’s stock, valued at approximately $10,287,410.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.10% of the stock is owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in the stock. FNY Managed Accounts LLC purchased a new stake in shares of Jack In The Box during the first quarter valued at approximately $108,000. Glen Harbor Capital Management LLC increased its stake 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 valued at $117,000 after buying an additional 16 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake 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 valued at $156,000 after buying an additional 601 shares during the period. Tyers Asset Management LLC increased its stake 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 valued at $161,000 after buying an additional 22 shares during the period. Finally, Victory Capital Management Inc. increased its stake 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 valued at $185,000 after buying an additional 283 shares during the period. 93.90% of the stock is currently owned by institutional investors.

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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