Jack in the Box, Inc. (JACK)

[TRUISM]

Jack in the Box Given Average Rating of “Buy” by Brokerages (NASDAQ:JACK)
August 30th, 2014 - by Micah Haroldson

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Shares of Jack in the Box (NASDAQ:JACK) have received an average rating of “Buy” from the eleven brokerages that are currently covering the company, AnalystRatings.Net reports. Three research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $64.80.

Several analysts have recently commented on the stock. Analysts at Wedbush raised their price target on shares of Jack in the Box from $68.00 to $75.00 in a research note on Friday, August 8th. Separately, analysts at Jefferies Group raised their price target on shares of Jack in the Box from $68.00 to $71.00 in a research note on Friday, August 8th. Finally, analysts at Telsey Advisory Group raised their price target on shares of Jack in the Box from $58.00 to $72.00 in a research note on Friday, August 8th. They now have a “not rated” rating on the stock.

Shares of Jack in the Box (NASDAQ:JACK) opened at 59.45 on Thursday. Jack in the Box has a 52 week low of $38.53 and a 52 week high of $62.90. The stock has a 50-day moving average of $58.66 and a 200-day moving average of $57.95. The company has a market cap of $2.320 billion and a P/E ratio of 26.67.

Jack in the Box (NASDAQ:JACK) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.64 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.57 by $0.07. The company had revenue of $348.50 million for the quarter, compared to the consensus estimate of $343.30 million. During the same quarter last year, the company posted $0.41 earnings per share. Jack in the Box’s revenue was down .5% compared to the same quarter last year. Analysts expect that Jack in the Box will post $2.44 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 2nd. Shareholders of record on Monday, August 18th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.34%. The ex-dividend date is Thursday, August 14th.




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