Jack in the Box Inc. (NASDAQ:JACK) has been assigned a consensus rating of “Buy” from the sixteen research firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and nine have given a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $113.60.

A number of analysts recently commented on JACK shares. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $125.00 target price on shares of Jack in the Box in a report on Friday, May 12th. Cowen and Company reiterated a “hold” rating and issued a $100.00 target price on shares of Jack in the Box in a report on Friday, May 12th. Wells Fargo & Company reiterated a “market perform” rating on shares of Jack in the Box in a report on Sunday, May 14th. Telsey Advisory Group downgraded shares of Jack in the Box from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $125.00 to $118.00 in a report on Thursday, May 18th. Finally, Bank of America Corporation reiterated a “buy” rating and issued a $120.00 target price (up from $110.00) on shares of Jack in the Box in a report on Friday, May 19th.

Shares of Jack in the Box (NASDAQ JACK) traded up 0.82% on Wednesday, reaching $92.24. 917,683 shares of the company’s stock traded hands. The firm has a market capitalization of $2.71 billion, a price-to-earnings ratio of 21.28 and a beta of 0.59. Jack in the Box has a 52 week low of $90.89 and a 52 week high of $113.30. The company has a 50 day moving average price of $94.65 and a 200 day moving average price of $99.38.

Jack in the Box (NASDAQ:JACK) last released its quarterly earnings results on Wednesday, August 9th. The restaurant operator reported $0.99 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by $0.06. The business had revenue of $357.80 million for the quarter, compared to the consensus estimate of $360.84 million. During the same quarter last year, the business earned $1.07 EPS. The company’s quarterly revenue was down 3.0% compared to the same quarter last year. On average, equities research analysts predict that Jack in the Box will post $4.06 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 5th. Investors of record on Tuesday, August 22nd were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date was Friday, August 18th. Jack in the Box’s payout ratio is presently 36.70%.

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Institutional investors and hedge funds have recently made changes to their positions in the stock. FNY Managed Accounts LLC purchased a new position in Jack in the Box during the first quarter valued at approximately $108,000. Glen Harbor Capital Management LLC grew its position in Jack in the Box by 1.4% during the first quarter. Glen Harbor Capital Management LLC now owns 1,152 shares of the restaurant operator’s stock valued at $117,000 after purchasing an additional 16 shares in the last quarter. Royal Bank of Canada grew its position in Jack in the Box by 9.0% during the second quarter. Royal Bank of Canada now owns 1,274 shares of the restaurant operator’s stock valued at $126,000 after purchasing an additional 105 shares in the last quarter. Tyers Asset Management LLC grew its position in Jack in the Box by 1.4% during the first quarter. Tyers Asset Management LLC now owns 1,584 shares of the restaurant operator’s stock valued at $161,000 after purchasing an additional 22 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Jack in the Box by 61.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,585 shares of the restaurant operator’s stock valued at $156,000 after purchasing an additional 601 shares in the last quarter. 94.95% of the stock is currently owned by hedge funds and other institutional investors.

About Jack in the Box

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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