The Jack In The Box Inc. (JACK) Given Buy Rating at Wedbush

The Jack In The Box Inc. (JACK) Given Buy Rating at Wedbush

Wedbush restated their buy rating on shares of Jack In The Box Inc. (NASDAQ:JACK) in a report released on Friday morning. Wedbush currently has a $115.00 price target on the restaurant operator’s stock. Wedbush also issued estimates for Jack In The Box’s Q1 2018 earnings at $1.35 EPS, Q2 2018 earnings at $1.16 EPS, Q3 2018 earnings at $1.18 EPS, Q4 2018 earnings at $1.09 EPS and FY2018 earnings at $4.77 EPS.

A number of other analysts also recently weighed in on JACK. TheStreet raised shares of Jack In The Box from a c+ rating to a b- rating in a report on Thursday, June 15th. BidaskClub downgraded shares of Jack In The Box from a hold rating to a sell rating in a research note on Tuesday, June 27th. Zacks Investment Research raised shares of Jack In The Box from a sell rating to a hold rating in a research note on Tuesday, July 18th. Jefferies Group LLC reissued a buy rating and issued a $120.00 price objective on shares of Jack In The Box in a research note on Thursday, July 27th. Finally, Wells Fargo & Company reissued an outperform rating and issued a $125.00 price objective on shares of Jack In The Box in a research note on Thursday, August 3rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of $113.38.

Jack In The Box (NASDAQ:JACK) traded up 0.37% during mid-day trading on Friday, hitting $99.76. 288,493 shares of the stock traded hands. Jack In The Box has a 52 week low of $90.89 and a 52 week high of $113.30. The firm’s 50-day moving average price is $97.27 and its 200-day moving average price is $99.54. The firm has a market cap of $2.94 billion, a P/E ratio of 23.02 and a beta of 0.58.

Jack In The Box (NASDAQ:JACK) last issued its quarterly earnings results on Wednesday, August 9th. The restaurant operator reported $0.99 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.05 by ($0.06). Jack In The Box had a negative return on equity of 37.83% and a net margin of 8.51%. The firm had revenue of $357.80 million for the quarter, compared to the consensus estimate of $360.84 million. During the same period last year, the company posted $1.07 EPS. The business’s revenue was down 3.0% on a year-over-year basis. On average, equities analysts forecast that Jack In The Box will post $4.05 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in JACK. UBS Asset Management Americas Inc. increased its position in Jack In The Box by 13.0% in the 1st quarter. UBS Asset Management Americas Inc. now owns 16,667 shares of the restaurant operator’s stock valued at $1,695,000 after acquiring an additional 1,919 shares during the period. Credit Agricole S A increased its position in Jack In The Box by 23.9% in the 1st quarter. Credit Agricole S A now owns 6,459 shares of the restaurant operator’s stock valued at $657,000 after acquiring an additional 1,248 shares during the period. FMR LLC increased its position in Jack In The Box by 72.6% in the 1st quarter. FMR LLC now owns 1,283,344 shares of the restaurant operator’s stock valued at $130,542,000 after acquiring an additional 539,805 shares during the period. Teachers Advisors LLC increased its position in Jack In The Box by 3.7% in the 1st quarter. Teachers Advisors LLC now owns 57,070 shares of the restaurant operator’s stock valued at $5,805,000 after acquiring an additional 2,044 shares during the period. Finally, TIAA CREF Investment Management LLC increased its position in Jack In The Box by 5.8% in the 1st quarter. TIAA CREF Investment Management LLC now owns 197,112 shares of the restaurant operator’s stock valued at $20,050,000 after acquiring an additional 10,769 shares during the period. Hedge funds and other institutional investors own 94.94% of the company’s stock.

Jack In The Box Company Profile

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.

Related posts

Leave a Comment