SunTrust Banks Analysts Give Jack in the Box (JACK) a $110.00 Price Target

Jack in the Box (NASDAQ:JACK) has been assigned a $110.00 price objective by equities research analysts at SunTrust Banks in a research note issued on Thursday. The firm presently has a “buy” rating on the restaurant operator’s stock. SunTrust Banks’ price objective would indicate a potential upside of 18.46% from the company’s current price. SunTrust Banks also issued estimates for Jack in the Box’s Q1 2018 earnings at $1.30 EPS, Q2 2018 earnings at $1.02 EPS and Q3 2018 earnings at $1.25 EPS.

Other analysts also recently issued research reports about the stock. Oppenheimer reissued a “buy” rating and set a $125.00 target price on shares of Jack in the Box in a research report on Monday, November 20th. Robert W. Baird reissued a “buy” rating and set a $115.00 target price on shares of Jack in the Box in a research report on Tuesday, September 19th. Wedbush restated a “buy” rating and set a $115.00 price objective on shares of Jack in the Box in a research note on Friday, October 13th. Jefferies Group restated a “buy” rating and set a $120.00 price objective on shares of Jack in the Box in a research note on Thursday, October 12th. Finally, UBS Group set a $105.00 price objective on shares of Jack in the Box and gave the company a “hold” rating in a research note on Thursday, November 30th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $111.15.

Jack in the Box (NASDAQ:JACK) traded down $1.78 during trading hours on Thursday, reaching $92.86. 1,208,700 shares of the company’s stock traded hands, compared to its average volume of 1,108,222. The stock has a market cap of $2,730.00, a P/E ratio of 20.68, a PEG ratio of 1.57 and a beta of 0.52. Jack in the Box has a 12 month low of $90.89 and a 12 month high of $113.00. The company has a debt-to-equity ratio of -2.79, a quick ratio of 0.51 and a current ratio of 0.53.

Jack in the Box (NASDAQ:JACK) last released its earnings results on Wednesday, November 29th. The restaurant operator reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.16). The company had revenue of $338.75 million for the quarter, compared to analysts’ expectations of $341.34 million. Jack in the Box had a negative return on equity of 30.55% and a net margin of 8.71%. The firm’s revenue for the quarter was down 15.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.03 EPS. research analysts anticipate that Jack in the Box will post 4.43 earnings per share for the current fiscal year.

In related news, SVP Paul D. Melancon sold 461 shares of the business’s stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $99.78, for a total value of $45,998.58. Following the completion of the transaction, the senior vice president now directly owns 5,370 shares in the company, valued at approximately $535,818.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Dean C. Gordon sold 278 shares of the business’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $102.22, for a total transaction of $28,417.16. Following the completion of the transaction, the vice president now owns 3,924 shares of the company’s stock, valued at $401,111.28. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 26,201 shares of company stock valued at $2,641,365. Company insiders own 2.10% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of JACK. Legal & General Group Plc lifted its stake in shares of Jack in the Box by 22.0% in the 2nd quarter. Legal & General Group Plc now owns 24,685 shares of the restaurant operator’s stock valued at $2,432,000 after purchasing an additional 4,458 shares during the period. Victory Capital Management Inc. lifted its stake in shares of Jack in the Box by 17.8% in the 2nd quarter. Victory Capital Management Inc. now owns 1,875 shares of the restaurant operator’s stock valued at $185,000 after purchasing an additional 283 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Jack in the Box by 61.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,585 shares of the restaurant operator’s stock valued at $156,000 after purchasing an additional 601 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Jack in the Box by 58.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 49,539 shares of the restaurant operator’s stock valued at $4,879,000 after purchasing an additional 18,257 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. lifted its stake in shares of Jack in the Box by 9.3% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 31,774 shares of the restaurant operator’s stock valued at $3,130,000 after purchasing an additional 2,715 shares during the period. Hedge funds and other institutional investors own 99.12% of the company’s stock.

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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.

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

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