Jack in the Box, Inc. (JACK)

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Jack in the Box PT Raised to $71.00 at Jefferies Group (JACK)
August 10th, 2014 - by John Ramos

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Analysts at Jefferies Group raised their target price on shares of Jack in the Box (NASDAQ:JACK) from $68.00 to $71.00 in a research report issued to clients and investors on Friday. Jefferies Group’s target price indicates a potential upside of 15.94% from the company’s current price.

JACK has been the subject of a number of other recent research reports. 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. They now have a “not rated” rating on the stock. Separately, analysts at Buckingham Research raised their price target on shares of Jack in the Box from $61.00 to $64.00 in a research note on Thursday. They now have a “neutral” rating on the stock. Finally, analysts at Buckingham Research initiated coverage on shares of Jack in the Box in a research note on Thursday, July 17th. They set a “neutral” rating and a $61.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $64.80.

Jack in the Box (NASDAQ:JACK) opened at 61.24 on Friday. Jack in the Box has a one year low of $38.53 and a one year high of $62.90. The stock has a 50-day moving average of $58.57 and a 200-day moving average of $56.93. The company has a market cap of $2.390 billion and a price-to-earnings ratio of 27.58.

Jack in the Box (NASDAQ:JACK) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.41 earnings per share. The company’s revenue for the quarter was down .5% on a year-over-year basis. On average, analysts predict that Jack in the Box will post $2.41 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 2nd. Stockholders 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 1.31%. The ex-dividend date is Thursday, August 14th.

Jack in the Box Inc is a restaurant company. The Company operates in two segments: Jack in the Box and Qdoba.





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