Jack in the Box Inc. Shares Surge Despite Lowered Outlook

Analyst Recommendations for Jack in the Box

(NASDAQ:JACK) have recently risen to a new 52-week high.

What are top analysts saying about Jack in the Box Inc.

"After a sluggish start to the quarter, which we believe was attributable to delayed tax refunds and record rainfall in California, Jack in the Box system same-store sales improved to positive territory as these transitory issues passed and we pivoted our advertising towards value messages", Comma said. (NASDAQ:JACK)'s stock has changed -8.35%.

Jack in the Box (NASDAQ:JACK) last announced its quarterly earnings data on Tuesday, May 16th. FMR LLC raised its stake in Jack in the Box by 145.6% in the fourth quarter.

05/11/2017 - Jack In The Box Inc. had its "outperform" rating reiterated by analysts at Oppenheimer.

According to the Recommendation Trends of the stock polled by Zacks Investment Research for this month, the company has a consensus recommendation of 1.65 out of the scale from 1 to 5 where 1 stands for Strong Buy and 5 means Strong Sell. The stock presently has an average rating of Hold and a consensus target price of $110.88. Telsey Advisory Group raised their price target on Jack in the Box from $120.00 to $125.00 and gave the stock an outperform rating in a report on Friday, January 6th. The company had a trading volume of 283,074 shares. Flinton Capital Management LLC increased its position in Jack in the Box by 1.4% in the first quarter. The firm has a 50-day moving average of $101.58 and a 200-day moving average of $103.46.

The burger chain posted revenue of $369.4 million in the period, also surpassing Street forecasts. Finally, Wells Fargo & Co reaffirmed a market perform rating on shares of Jack in the Box in a report on Thursday, February 23rd.

Shares of Jack in the Box Inc. closed the previous trading session at 101.89 up +2.33 2.34% with 1,949,348 shares trading hands. FMR LLC now owns 743,539 shares of the restaurant operator's stock valued at $83,009,000 after buying an additional 440,741 shares in the last quarter. The company has a market capitalization of $3.22 billion, a price-to-earnings ratio of 26.71 and a beta of 0.55. FMR LLC raised its position in Jack in the Box by 72.6% in the first quarter. Jack in the Box has a one year low of $73.29 and a one year high of $113.30. The restaurant operator reported $1.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.24 by $0.06. News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jack In The Box Inc. with MarketBeat.com's FREE daily email newsletter. Equities analysts anticipate that Jack in the Box will post $4.35 earnings per share for the current year. BlackRock Inc. now owns 16,498 shares of the restaurant operator's stock valued at $1,582,000 after buying an additional 972 shares in the last quarter.

Consolidated restaurant operating margins fell 240 basis points to 17.5%, down from 19.9% in the year-ago quarter.

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Jack in the Box's stock surged after the fast-food chain said it would consider spinning off its Qdoba Mexican restaurant chain.

The chairman of the JACK board said the company was continuing to make solid progress in its refranchising initiative with 60 restaurants during its second quarter.

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