Jack In The Box Inc. (JACK) Rating Reiterated by Wedbush

Jack In The Box Inc. (NASDAQ:JACK)‘s stock had its “buy” rating reaffirmed by Wedbush in a research report issued on Friday. They currently have a $115.00 price objective on the restaurant operator’s stock. Wedbush’s price target suggests a potential upside of 15.71% from the company’s current price.

Other research analysts have also recently issued reports about the stock. 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 research report on Tuesday, August 8th. 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 research report on Thursday, August 10th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $120.00 target price on shares of Jack In The Box in a report on Thursday. TheStreet cut shares of Jack In The Box from a “b-” rating to a “c” rating in a report on Wednesday, August 9th. Finally, Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $125.00 target price on shares of Jack In The Box in a report on Thursday, August 10th. One analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $113.38.

Jack In The Box (NASDAQ:JACK) last issued its quarterly earnings results on Wednesday, August 9th. The restaurant operator reported $0.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.06). Jack In The Box had a net margin of 8.51% and a negative return on equity of 37.83%. The business had revenue of $357.80 million for the quarter, compared to analysts’ expectations of $360.84 million. During the same period last year, the business earned $1.07 earnings per share. The company’s revenue was down 3.0% on a year-over-year basis.

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Several hedge funds have recently made changes to their positions in the company. Public Employees Retirement System of Ohio grew its stake in shares of Jack In The Box by 1.4% in the second quarter. Public Employees Retirement System of Ohio now owns 2,188 shares of the restaurant operator’s stock worth $216,000 after acquiring an additional 30 shares during the period. 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 buying an additional 105 shares during the period. UBS Asset Management Americas Inc. grew its position in Jack In The Box by 0.7% during the second quarter. UBS Asset Management Americas Inc. now owns 16,790 shares of the restaurant operator’s stock valued at $1,654,000 after buying an additional 123 shares during the period. Janney Montgomery Scott LLC grew its position in Jack In The Box by 5.8% during the second quarter. Janney Montgomery Scott LLC now owns 2,777 shares of the restaurant operator’s stock valued at $274,000 after buying an additional 151 shares during the period. Finally, Northwestern Mutual Investment Management Company LLC grew its position in Jack In The Box by 3.0% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 5,618 shares of the restaurant operator’s stock valued at $483,000 after buying an additional 165 shares during the period. Hedge funds and other institutional investors own 94.94% of the company’s stock.

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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