According to Zacks, “Jack in the Box’s Qdoba brand has been driving growth at the company over the past few quarters. However, of late, the company has been experiencing moderated comps growth at its namesake Jack in the Box restaurants due to increased competitive pressure. Even so, the company’s enhanced focus on franchising and rewarding its shareholders through share repurchases and dividends bode well. Also, various sales initiatives like regular menu innovation, increased marketing efforts, remodeling along with offering catering options should drive top-line growth. Meanwhile, the company has a mixed record of earnings surprises in the recent quarters. However, increased marketing initiatives might keep profits under pressure. The company’s fiscal Q4 comps guidance also raises concerns. Estimates too have been mostly going down ahead of its Q4 earnings release.”
A number of other analysts have also weighed in on JACK. Robert W. Baird restated an outperform rating and set a $105.00 target price on shares of Jack In The Box in a research note on Thursday, June 23rd. Wedbush cut their target price on shares of Jack In The Box from $100.00 to $90.00 and set an outperform rating on the stock in a research note on Thursday, June 23rd. Vetr raised Jack In The Box from a hold rating to a buy rating and set a $87.97 price target for the company in a report on Monday, June 27th. Telsey Advisory Group lowered their price target on Jack In The Box from $105.00 to $85.00 and set an outperform rating for the company in a report on Wednesday, July 13th. Finally, Oppenheimer Holdings Inc. reaffirmed an outperform rating and issued a $97.00 price target on shares of Jack In The Box in a report on Tuesday, August 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company’s stock. Jack In The Box currently has a consensus rating of Buy and a consensus price target of $101.53.
Jack In The Box (NASDAQ:JACK) traded up 1.76% during trading on Monday, reaching $97.09. 149,040 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $97.66 and a 200-day moving average of $85.95. Jack In The Box has a 52 week low of $61.78 and a 52 week high of $102.68. The stock has a market capitalization of $3.17 billion, a PE ratio of 29.53 and a beta of 0.41.
Jack In The Box (NASDAQ:JACK) last released its earnings results on Wednesday, August 3rd. The company reported $1.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.20. Jack In The Box had a net margin of 7.41% and a negative return on equity of 120.29%. The firm had revenue of $368.94 million for the quarter, compared to analyst estimates of $367.52 million. During the same period in the prior year, the firm earned $0.76 earnings per share. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. On average, equities research analysts anticipate that Jack In The Box will post $3.73 EPS for the current year.
In other Jack In The Box news, VP Carol A. Diraimo sold 2,000 shares of the stock in a transaction on Thursday, September 22nd. The stock was sold at an average price of $100.00, for a total value of $200,000.00. Following the completion of the transaction, the vice president now owns 16,059 shares in the company, valued at $1,605,900. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David Goebel sold 1,480 shares of the stock in a transaction on Tuesday, September 6th. The stock was sold at an average price of $101.46, for a total value of $150,160.80. Following the completion of the transaction, the director now owns 23,377 shares of the company’s stock, valued at approximately $2,371,830.42. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Eagle Asset Management Inc. boosted its position in Jack In The Box by 14.3% in the second quarter. Eagle Asset Management Inc. now owns 655,089 shares of the company’s stock valued at $56,285,000 after buying an additional 82,066 shares during the last quarter. Suvretta Capital Management LLC acquired a new position in Jack In The Box during the first quarter valued at about $30,683,000. AQR Capital Management LLC boosted its position in Jack In The Box by 6.4% in the second quarter. AQR Capital Management LLC now owns 421,677 shares of the company’s stock valued at $36,230,000 after buying an additional 25,261 shares during the last quarter. Advisory Research Inc. acquired a new position in Jack In The Box during the second quarter valued at about $34,541,000. Finally, Melvin Capital Management LP boosted its position in Jack In The Box by 6.7% in the second quarter. Melvin Capital Management LP now owns 400,000 shares of the company’s stock valued at $34,368,000 after buying an additional 25,000 shares during the last quarter. Hedge funds and other institutional investors own 98.44% of the company’s stock.
About Jack In The Box
Jack in the Box Inc is a restaurant company. The Company operates and franchises approximately 2,910 Jack in the Box quick-service restaurants (QSR) and Qdoba Mexican Eats fast-casual restaurants (Qdoba). Its segments are Jack in the Box and Qdoba Restaurant operations. It operates and franchises approximately 2,250 Jack in the Box restaurants, primarily in the western and southern United States, including one in Guam, over 660 Qdoba restaurants across the United States, and approximately four in Canada.
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