Jack in the Box (NASDAQ:JACK) PT Raised to $117.00 at Barclays

Jack in the Box (NASDAQ:JACK) had its target price lifted by Barclays from $113.00 to $117.00 in a research note released on Thursday, Price Targets.com reports. They currently have an equal weight rating on the restaurant operator’s stock.

A number of other equities research analysts have also issued reports on the company. TheStreet raised Jack in the Box from a c+ rating to a b- rating in a research note on Thursday, February 18th. Telsey Advisory Group boosted their price target on Jack in the Box from $112.00 to $118.00 and gave the company an outperform rating in a report on Wednesday, February 10th. Wedbush boosted their price target on Jack in the Box from $125.00 to $130.00 and gave the company an outperform rating in a report on Monday, May 3rd. Zacks Investment Research downgraded Jack in the Box from a buy rating to a hold rating and set a $106.00 price objective for the company. in a report on Wednesday, February 10th. Finally, Credit Suisse Group upped their price objective on Jack in the Box from $74.00 to $82.00 and gave the stock an underperform rating in a report on Thursday, February 25th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the stock. Jack in the Box currently has an average rating of Buy and a consensus price target of $120.19.

NASDAQ JACK opened at $118.92 on Thursday. The business’s 50 day moving average is $116.37 and its two-hundred day moving average is $100.69. Jack in the Box has a 12-month low of $61.00 and a 12-month high of $124.53. The stock has a market capitalization of $2.64 billion, a price-to-earnings ratio of 30.57, a PEG ratio of 1.61 and a beta of 1.67.

Jack in the Box (NASDAQ:JACK) last released its earnings results on Tuesday, May 11th. The restaurant operator reported $1.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.25 by $0.23. The company had revenue of $257.22 million for the quarter, compared to analysts’ expectations of $248.04 million. Jack in the Box had a negative return on equity of 12.94% and a net margin of 8.79%. The firm’s quarterly revenue was up 19.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.50 EPS. As a group, research analysts predict that Jack in the Box will post 5.6 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 11th. Shareholders of record on Wednesday, May 26th will be paid a dividend of $0.44 per share. The ex-dividend date is Tuesday, May 25th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.48%. This is a positive change from Jack in the Box’s previous quarterly dividend of $0.40. Jack in the Box’s dividend payout ratio (DPR) is 34.41%.

Several large investors have recently modified their holdings of JACK. Huntington National Bank raised its holdings in shares of Jack in the Box by 23,600.0% during the 1st quarter. Huntington National Bank now owns 237 shares of the restaurant operator’s stock valued at $26,000 after purchasing an additional 236 shares in the last quarter. Private Capital Group LLC raised its holdings in Jack in the Box by 1,018.2% in the 1st quarter. Private Capital Group LLC now owns 369 shares of the restaurant operator’s stock worth $41,000 after acquiring an additional 336 shares during the period. Carroll Financial Associates Inc. bought a new position in shares of Jack in the Box during the 1st quarter worth about $52,000. Lazard Asset Management LLC increased its holdings in shares of Jack in the Box by 27.4% during the 1st quarter. Lazard Asset Management LLC now owns 576 shares of the restaurant operator’s stock worth $63,000 after purchasing an additional 124 shares during the period. Finally, Nisa Investment Advisors LLC increased its holdings in shares of Jack in the Box by 33.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 990 shares of the restaurant operator’s stock worth $92,000 after purchasing an additional 250 shares during the period.

Jack in the Box Company Profile

Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants. As of September 27, 2020, it operated and franchised 2,241 Jack in the Box quick-service restaurants primarily in the western and southern United States, including one in 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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