Goldman Sachs Group Upgrades Jack in the Box (JACK) to “Buy”

Jack in the Box (NASDAQ:JACK) was upgraded by stock analysts at Goldman Sachs Group from a “neutral” rating to a “buy” rating in a report released on Friday.

Several other equities analysts have also issued reports on JACK. SunTrust Banks set a $110.00 price objective on shares of Jack in the Box and gave the company a “buy” rating in a report on Thursday, January 11th. Barclays reissued an “equal weight” rating and set a $101.00 price objective (up from $100.00) on shares of Jack in the Box in a report on Tuesday, January 16th. Stifel Nicolaus initiated coverage on shares of Jack in the Box in a report on Monday, October 2nd. They issued a “hold” rating and a $105.00 price target on the stock. Telsey Advisory Group lowered shares of Jack in the Box from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 10th. Finally, BidaskClub lowered shares of Jack in the Box from a “sell” rating to a “strong sell” rating in a report on Tuesday, December 19th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $111.00.

Jack in the Box (NASDAQ JACK) opened at $94.99 on Friday. The stock has a market cap of $2,795.84, a P/E ratio of 21.59, a P/E/G ratio of 1.66 and a beta of 0.52. The company has a debt-to-equity ratio of -2.79, a quick ratio of 0.51 and a current ratio of 0.53. Jack in the Box has a 1-year low of $90.59 and a 1-year high of $113.00.

Jack in the Box (NASDAQ:JACK) last issued its quarterly earnings data on Wednesday, November 29th. The restaurant operator reported $0.73 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.89 by ($0.16). The business had revenue of $338.75 million for the quarter, compared to analysts’ expectations of $341.34 million. Jack in the Box had a net margin of 8.71% and a negative return on equity of 30.55%. The business’s quarterly revenue was down 15.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.03 earnings per share. equities analysts predict that Jack in the Box will post 4.25 EPS for the current year.

In other news, CEO Leonard A. Comma sold 9,436 shares of the business’s stock in a transaction on 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 directly owns 181,320 shares of the company’s stock, valued at $18,092,109.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Dean C. Gordon sold 278 shares of the business’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $102.22, for a total transaction of $28,417.16. Following the sale, the vice president now directly owns 3,924 shares in the company, valued at $401,111.28. The disclosure for this sale can be found here. Insiders have sold 26,201 shares of company stock worth $2,641,365 over the last three months. Corporate insiders own 2.10% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Jana Partners LLC purchased a new stake in shares of Jack in the Box during the third quarter valued at $134,200,000. State Street Corp grew its holdings in shares of Jack in the Box by 0.3% during the second quarter. State Street Corp now owns 1,064,477 shares of the restaurant operator’s stock valued at $104,850,000 after buying an additional 3,496 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its holdings in shares of Jack in the Box by 60.9% during 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 buying an additional 321,825 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Jack in the Box by 1.1% during the second quarter. Dimensional Fund Advisors LP now owns 746,173 shares of the restaurant operator’s stock valued at $73,497,000 after buying an additional 8,434 shares during the last quarter. Finally, Janus Henderson Group PLC grew its holdings in shares of Jack in the Box by 14.2% during the third quarter. Janus Henderson Group PLC now owns 623,109 shares of the restaurant operator’s stock valued at $63,507,000 after buying an additional 77,557 shares during the last quarter. 99.12% of the stock is currently owned by hedge funds and other institutional investors.

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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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