BidaskClub cut shares of Jack in the Box (NASDAQ:JACK) from a hold rating to a sell rating in a research note issued to investors on Saturday morning.

Several other research analysts also recently commented on the company. ValuEngine downgraded Jack in the Box from a hold rating to a sell rating in a report on Tuesday, September 11th. UBS Group lifted their target price on Jack in the Box from $95.00 to $100.00 and gave the stock a neutral rating in a report on Friday, August 10th. Cowen reaffirmed a hold rating and set a $94.00 target price on shares of Jack in the Box in a report on Thursday, August 9th. Wedbush reaffirmed an outperform rating on shares of Jack in the Box in a report on Wednesday, July 11th. Finally, SunTrust Banks lifted their target price on Jack in the Box to $100.00 and gave the stock a buy rating in a report on Friday, May 18th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company. Jack in the Box presently has an average rating of Hold and a consensus price target of $105.50.

Shares of JACK opened at $84.53 on Friday. The stock has a market cap of $2.31 billion, a price-to-earnings ratio of 21.79, a P/E/G ratio of 1.58 and a beta of 0.43. Jack in the Box has a 12 month low of $79.23 and a 12 month high of $108.55. The company has a debt-to-equity ratio of -1.94, a quick ratio of 0.82 and a current ratio of 0.83.

Jack in the Box (NASDAQ:JACK) last announced its earnings results on Wednesday, August 8th. The restaurant operator reported $1.00 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.12. The firm had revenue of $187.98 million for the quarter, compared to the consensus estimate of $185.05 million. Jack in the Box had a negative return on equity of 26.21% and a net margin of 13.10%. The business’s quarterly revenue was down 23.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.79 EPS. equities research analysts forecast that Jack in the Box will post 3.89 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 5th. Stockholders of record on Monday, August 20th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend was Friday, August 17th. Jack in the Box’s dividend payout ratio (DPR) is presently 41.24%.

In other news, CEO Leonard A. Comma sold 78,719 shares of Jack in the Box stock in a transaction dated Thursday, August 9th. The stock was sold at an average price of $90.74, for a total value of $7,142,962.06. Following the completion of the transaction, the chief executive officer now directly owns 235,832 shares of the company’s stock, valued at approximately $21,399,395.68. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Paul D. Melancon sold 1,125 shares of Jack in the Box stock in a transaction dated Tuesday, August 14th. The stock was sold at an average price of $90.00, for a total value of $101,250.00. Following the completion of the transaction, the senior vice president now directly owns 5,002 shares of the company’s stock, valued at $450,180. The disclosure for this sale can be found here. Company insiders own 2.60% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. NumerixS Investment Technologies Inc bought a new position in shares of Jack in the Box in the 2nd quarter worth about $242,000. Teza Capital Management LLC bought a new position in shares of Jack in the Box in the 1st quarter worth about $280,000. Stevens Capital Management LP bought a new stake in Jack in the Box in the 2nd quarter valued at about $284,000. First Trust Advisors LP increased its position in Jack in the Box by 27.7% in the 2nd quarter. First Trust Advisors LP now owns 3,554 shares of the restaurant operator’s stock valued at $303,000 after buying an additional 772 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its position in Jack in the Box by 7,250.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 3,822 shares of the restaurant operator’s stock valued at $339,000 after buying an additional 3,770 shares in the last quarter. 98.86% of the stock is owned by hedge funds and other institutional investors.

Jack in the Box Company Profile

Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants. As of April 15, 2018, it operated and franchised 2,245 Jack in the Box restaurants primarily in the western and southern United States and Guam. The company was founded in 1951 and is headquartered in San Diego, California.

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Analyst Recommendations for Jack in the Box (NASDAQ:JACK)

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