Jack in the Box (JACK) Given a $110.00 Price Target at SunTrust Banks
Jack in the Box (NASDAQ:JACK) has been given a $110.00 target price by analysts at SunTrust Banks in a research report issued on Thursday. The brokerage presently has a “buy” rating on the restaurant operator’s stock. SunTrust Banks’ target price points to a potential upside of 16.23% from the stock’s current price. SunTrust Banks also issued estimates for Jack in the Box’s Q1 2018 earnings at $1.30 EPS, Q2 2018 earnings at $1.02 EPS and Q3 2018 earnings at $1.25 EPS.
Several other equities analysts have also recently commented on JACK. Robert W. Baird reaffirmed a “buy” rating and set a $115.00 price target on shares of Jack in the Box in a research report on Tuesday, September 19th. Stifel Nicolaus initiated coverage on shares of Jack in the Box in a research report on Monday, October 2nd. They set a “hold” rating and a $105.00 price target on the stock. Telsey Advisory Group raised shares of Jack in the Box from a “market perform” rating to an “outperform” rating and set a $118.00 price target on the stock in a research report on Wednesday, October 4th. Zacks Investment Research raised shares of Jack in the Box from a “sell” rating to a “hold” rating in a research report on Wednesday, October 11th. Finally, Jefferies Group reaffirmed a “buy” rating and set a $120.00 price target on shares of Jack in the Box in a research report on Thursday, October 12th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $111.15.
Jack in the Box (NASDAQ JACK) opened at $94.64 on Thursday. The company has a debt-to-equity ratio of -2.79, a current ratio of 0.53 and a quick ratio of 0.51. The firm has a market cap of $2,790.00, a PE ratio of 21.08, a price-to-earnings-growth ratio of 1.60 and a beta of 0.52. Jack in the Box has a 12-month low of $90.89 and a 12-month high of $113.00.
Jack in the Box (NASDAQ:JACK) last issued its quarterly earnings results on Wednesday, November 29th. The restaurant operator reported $0.73 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.16). Jack in the Box had a negative return on equity of 30.55% and a net margin of 8.71%. The company had revenue of $338.75 million for the quarter, compared to the consensus estimate of $341.34 million. During the same period in the previous year, the business posted $1.03 EPS. The business’s revenue for the quarter was down 15.0% on a year-over-year basis. equities research analysts predict that Jack in the Box will post 4.48 earnings per share for the current year.
In related news, CEO Leonard A. Comma sold 9,436 shares of the stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $99.78, for a total transaction of $941,524.08. Following the sale, the chief executive officer now owns 181,320 shares in the company, valued at $18,092,109.60. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Leonard A. Comma sold 6,021 shares of the stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $102.22, for a total transaction of $615,466.62. Following the sale, the chief executive officer now owns 173,796 shares in the company, valued at approximately $17,765,427.12. The disclosure for this sale can be found here. In the last quarter, insiders have sold 26,201 shares of company stock worth $2,641,365. 2.10% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in JACK. Jana Partners LLC acquired a new stake in shares of Jack in the Box in the third quarter valued at approximately $134,200,000. Koch Industries Inc. acquired a new stake in shares of Jack in the Box in the second quarter valued at approximately $568,000. Bain Capital Public Equity Management LLC acquired a new stake in shares of Jack in the Box in the second quarter valued at approximately $54,752,000. Janus Henderson Group PLC acquired a new stake in shares of Jack in the Box in the second quarter valued at approximately $53,737,000. Finally, Vaughan Nelson Investment Management L.P. increased its stake in shares of Jack in the Box by 60.9% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 850,225 shares of the restaurant operator’s stock valued at $86,656,000 after purchasing an additional 321,825 shares during the period. Hedge funds and other institutional investors own 98.71% of the company’s stock.
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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.
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