Jack in the Box (NASDAQ:JACK) Now Covered by Analysts at Morgan Stanley

Equities research analysts at Morgan Stanley initiated coverage on shares of Jack in the Box (NASDAQ:JACK) in a research report issued to clients and investors on Tuesday, May 21st, MarketBeat reports. The firm set an “equal weight” rating and a $87.00 price target on the restaurant operator’s stock. Morgan Stanley’s price target would indicate a potential upside of 1.73% from the stock’s current price.

JACK has been the topic of a number of other research reports. ValuEngine cut shares of Jack in the Box from a “hold” rating to a “sell” rating in a report on Monday, April 29th. BidaskClub cut shares of Jack in the Box from a “hold” rating to a “sell” rating in a report on Tuesday, April 16th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $95.00 price target (down previously from $105.00) on shares of Jack in the Box in a report on Tuesday, April 16th. Wedbush reaffirmed a “hold” rating and issued a $85.00 price target on shares of Jack in the Box in a report on Tuesday, April 9th. Finally, Cowen reaffirmed a “hold” rating on shares of Jack in the Box in a report on Thursday, May 16th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Jack in the Box has a consensus rating of “Buy” and a consensus target price of $92.50.

Shares of NASDAQ:JACK traded down $0.13 during mid-day trading on Tuesday, reaching $85.52. The company had a trading volume of 272,293 shares, compared to its average volume of 575,677. The stock has a market capitalization of $2.21 billion, a PE ratio of 22.56, a price-to-earnings-growth ratio of 1.61 and a beta of 0.38. Jack in the Box has a one year low of $74.19 and a one year high of $93.98.

Jack in the Box (NASDAQ:JACK) last issued its earnings results on Wednesday, May 15th. The restaurant operator reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.06. Jack in the Box had a net margin of 13.85% and a negative return on equity of 19.41%. The business had revenue of $215.73 million for the quarter, compared to analysts’ expectations of $217.99 million. During the same quarter in the previous year, the firm posted $0.80 EPS. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Jack in the Box will post 4.25 EPS for the current year.

In other news, VP Carol A. Diraimo sold 590 shares of the stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $82.02, for a total transaction of $48,391.80. Following the completion of the sale, the vice president now directly owns 17,588 shares in the company, valued at $1,442,567.76. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Lance F. Tucker sold 517 shares of the stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $81.26, for a total transaction of $42,011.42. Following the sale, the chief financial officer now owns 19,004 shares of the company’s stock, valued at $1,544,265.04. The disclosure for this sale can be found here. Insiders sold 4,034 shares of company stock valued at $333,516 over the last quarter. 2.30% of the stock is owned by company insiders.

Institutional investors have recently bought and sold shares of the company. JNBA Financial Advisors purchased a new stake in shares of Jack in the Box during the fourth quarter worth about $31,000. Quadrant Capital Group LLC boosted its holdings in shares of Jack in the Box by 1,815.0% during the first quarter. Quadrant Capital Group LLC now owns 766 shares of the restaurant operator’s stock worth $60,000 after purchasing an additional 726 shares during the period. Cresset Asset Management LLC purchased a new stake in shares of Jack in the Box during the first quarter worth about $82,000. Strs Ohio boosted its holdings in shares of Jack in the Box by 600.0% during the fourth quarter. Strs Ohio now owns 1,400 shares of the restaurant operator’s stock worth $108,000 after purchasing an additional 1,200 shares during the period. Finally, Dupont Capital Management Corp purchased a new stake in shares of Jack in the Box during the fourth quarter worth about $197,000. Institutional investors own 95.52% 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. 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.

Featured Story: Risk Tolerance

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

Receive News & Ratings for Jack in the Box Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jack in the Box and related companies with MarketBeat.com's FREE daily email newsletter.