Jack in the Box, Inc. (JACK)

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Jack In The Box Inc. (JACK) Upgraded to Buy by SunTrust Banks, Inc.
February 10th, 2017 - By Teresa Graham
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Jack In The Box Inc. (NASDAQ:JACK) was upgraded by SunTrust Banks, Inc. from a “neutral” rating to a “buy” rating in a research report issued on Friday. The firm presently has a $122.00 price target on the stock. SunTrust Banks, Inc.’s price objective indicates a potential upside of 12.38% from the company’s previous close.

Several other brokerages have also recently issued reports on JACK. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $115.00 price objective on shares of Jack In The Box in a research note on Wednesday, December 7th. Jefferies Group LLC reaffirmed a “buy” rating on shares of Jack In The Box in a research note on Friday, January 6th. Goldman Sachs Group, Inc. (The) reaffirmed a “sell” rating and set a $88.00 price objective on shares of Jack In The Box in a research note on Friday, November 25th.

Telsey Advisory Group upped their price objective on shares of Jack In The Box from $120.00 to $125.00 and gave the company an “outperform” rating in a research note on Friday, January 6th. Finally, Zacks Investment Research raised shares of Jack In The Box from a “hold” rating to a “buy” rating and set a $110.00 price target for the company in a research note on Monday, October 24th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $105.23.




Shares of Jack In The Box (NASDAQ:JACK) opened at 108.56 on Friday. The company has a market cap of $3.51 billion, a P/E ratio of 29.86 and a beta of 0.55. Jack In The Box has a 1-year low of $61.78 and a 1-year high of $113.30. The stock’s 50 day moving average is $108.62 and its 200 day moving average is $101.47.

Jack In The Box (NASDAQ:JACK) last announced its quarterly earnings data on Monday, November 21st. The company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.15. Jack In The Box had a net margin of 7.76% and a negative return on equity of 83.17%. The company earned $398.42 million during the quarter, compared to analysts’ expectations of $398.67 million. During the same quarter in the prior year, the company earned $0.62 EPS. Jack In The Box’s revenue was up 12.5% compared to the same quarter last year. On average, analysts predict that Jack In The Box will post $4.70 earnings per share for the current year.

In other Jack In The Box news, Director David Goebel sold 1,376 shares of the stock in a transaction that occurred on Thursday, January 5th. The shares were sold at an average price of $108.83, for a total transaction of $149,750.08. Following the sale, the director now directly owns 20,665 shares in the company, valued at approximately $2,248,971.95.

The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Madeleine Kleiner sold 1,000 shares of the stock in a transaction that occurred on Monday, December 12th. The stock was sold at an average price of $112.39, for a total transaction of $112,390.00. Following the sale, the director now owns 12,213 shares in the company, valued at $1,372,619.07. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 88,945 shares of company stock worth $9,327,634. 2.10% of the stock is owned by company insiders.

Large investors have recently made changes to their positions in the stock. Bank of Montreal Can raised its stake in shares of Jack In The Box by 109.1% in the third quarter. Bank of Montreal Can now owns 1,306 shares of the company’s stock worth $126,000 after buying an additional 15,681 shares during the last quarter. LS Investment Advisors LLC raised its stake in shares of Jack In The Box by 7.0% in the third quarter. LS Investment Advisors LLC now owns 2,131 shares of the company’s stock worth $204,000 after buying an additional 139 shares during the last quarter. World Asset Management Inc purchased a new stake in shares of Jack In The Box during the third quarter worth $205,000.

Weiss Asset Management LP purchased a new stake in shares of Jack In The Box during the third quarter worth $234,000. Finally, Kornitzer Capital Management Inc. KS purchased a new stake in shares of Jack In The Box during the second quarter worth $258,000. Institutional investors and hedge funds own 98.91% 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.





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