Jack in the Box, Inc. (JACK)

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Jefferies Group Boosts Jack in the Box Price Target to $92.00 (JACK)
January 8th, 2015 by Thomas Dobrow
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Jack in the Box (NASDAQ:JACK) had its price objective hosited by Jefferies Group from $80.00 to $92.00 in a report released on Tuesday. Jefferies Group currently has a buy rating on the stock.

Jefferies Group has also modified their ratings on a number of other consumer discretionary stocks in the few days. The firm raised its price target on shares of Darden Restaurants, Inc. from $47.00 to $50.00. They have a hold rating on that stock. Also, Jefferies Group raised its price target on shares of Chipotle Mexican Grill, Inc. from $630.00 to $700.00. They have a hold rating on that stock. Finally, Jefferies Group raised its price target on shares of McDonald's Co. from $86.00 to $93.00. They have a hold rating on that stock.

Other equities research analysts have also recently issued reports about the stock. Analysts at Oppenheimer raised their price target on shares of Jack in the Box from $79.00 to $83.00 in a research note on Friday, December 19th. They now have a buy rating on the stock. Separately, analysts at Wunderlich raised their price target on shares of Jack in the Box from $77.00 to $85.00 in a research note on Tuesday, November 25th. They now have a buy rating on the stock. Finally, analysts at Morgan Stanley raised their price target on shares of Jack in the Box from $71.00 to $74.00 in a research note on Monday, November 24th. They now have an equal weight rating on the stock. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has an average rating of Buy and a consensus target price of $77.63.

In other Jack in the Box news, VP Carol A. Diraimo sold 3,500 shares of Jack in the Box stock on the open market in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $80.00, for a total transaction of $280,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Jack in the Box (NASDAQ:JACK) traded up 1.73% on Tuesday, hitting $84.50. The stock had a trading volume of 429,014 shares. Jack in the Box has a one year low of $47.79 and a one year high of $84.38. The stock’s 50-day moving average is $77.06 and its 200-day moving average is $66.66. The company has a market cap of $3.265 billion and a price-to-earnings ratio of 39.18.

Jack in the Box (NASDAQ:JACK) last released its earnings data on Tuesday, November 18th. The company reported $0.54 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.53 by $0.01. The company had revenue of $344.70 million for the quarter, compared to the consensus estimate of $342.30 million. During the same quarter last year, the company posted $0.45 earnings per share. Jack in the Box’s revenue was up 2.0% compared to the same quarter last year. Analysts expect that Jack in the Box will post $2.83 EPS for the current fiscal year.

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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