Jack in the Box (NASDAQ:JACK) had its price target upped by Oppenheimer from $92.00 to $96.00 in a research report released on Thursday morning, BenzingaRatingsTable reports. Oppenheimer currently has an outperform rating on the restaurant operator’s stock. Oppenheimer also issued estimates for Jack in the Box’s Q1 2020 earnings at $1.39 EPS, Q4 2020 earnings at $1.04 EPS, FY2020 earnings at $4.64 EPS and FY2022 earnings at $5.76 EPS.

JACK has been the subject of a number of other research reports. ValuEngine upgraded shares of Jack in the Box from a sell rating to a hold rating in a research note on Wednesday, November 20th. SunTrust Banks dropped their price target on shares of Jack in the Box to $98.00 and set a buy rating for the company in a research note on Friday, November 22nd. BidaskClub upgraded shares of Jack in the Box from a hold rating to a buy rating in a research note on Tuesday. Wedbush restated a buy rating and issued a $105.00 price target on shares of Jack in the Box in a research note on Thursday, November 14th. Finally, Credit Suisse Group restated a sell rating and issued a $78.00 price target on shares of Jack in the Box in a research note on Sunday, November 24th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the stock. The stock has an average rating of Buy and a consensus target price of $94.82.

Shares of NASDAQ:JACK traded down $0.53 during midday trading on Thursday, reaching $88.31. The company had a trading volume of 394,057 shares, compared to its average volume of 384,170. The stock’s fifty day moving average price is $81.25 and its 200-day moving average price is $83.32. The stock has a market capitalization of $1.99 billion, a P/E ratio of 24.33, a PEG ratio of 1.60 and a beta of 0.25. Jack in the Box has a one year low of $70.77 and a one year high of $93.12.

Jack in the Box (NASDAQ:JACK) last issued its quarterly earnings results on Wednesday, November 20th. The restaurant operator reported $0.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.01). The company had revenue of $221.24 million during the quarter, compared to the consensus estimate of $222.68 million. Jack in the Box had a negative return on equity of 18.08% and a net margin of 9.94%. The firm’s quarterly revenue was up 24.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.77 EPS. As a group, equities analysts anticipate that Jack in the Box will post 4.53 earnings per share for the current year.

In other Jack in the Box news, CEO Leonard A. Comma sold 5,960 shares of Jack in the Box stock in a transaction on Monday, February 10th. The shares were sold at an average price of $85.52, for a total value of $509,699.20. Following the completion of the transaction, the chief executive officer now owns 157,508 shares of the company’s stock, valued at $13,470,084.16. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Paul D. Melancon sold 397 shares of Jack in the Box stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $77.26, for a total transaction of $30,672.22. Following the completion of the transaction, the senior vice president now directly owns 7,131 shares of the company’s stock, valued at approximately $550,941.06. The disclosure for this sale can be found here. In the last ninety days, insiders sold 66,016 shares of company stock valued at $5,260,022. 2.70% of the stock is currently owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the business. First Trust Advisors LP increased its holdings in shares of Jack in the Box by 794.0% in the 1st quarter. First Trust Advisors LP now owns 23,137 shares of the restaurant operator’s stock valued at $1,875,000 after purchasing an additional 20,549 shares in the last quarter. Amundi Pioneer Asset Management Inc. increased its holdings in shares of Jack in the Box by 87.3% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 4,506 shares of the restaurant operator’s stock valued at $365,000 after purchasing an additional 2,100 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of Jack in the Box by 8.9% in the 2nd quarter. Royal Bank of Canada now owns 17,727 shares of the restaurant operator’s stock valued at $1,442,000 after purchasing an additional 1,454 shares in the last quarter. State of Alaska Department of Revenue purchased a new position in shares of Jack in the Box in the 3rd quarter valued at about $416,000. Finally, Assenagon Asset Management S.A. purchased a new position in shares of Jack in the Box in the 3rd quarter valued at about $761,000.

Jack in the Box Company Profile

Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants. As of March 19, 2019, it operated and franchised approximately 2,200 Jack in the Box restaurants in 21 states and Guam. The company was founded in 1951 and is headquartered in San Diego, California.

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Analyst Recommendations for Jack in the Box (NASDAQ:JACK)

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