Jack in the Box Inc. (NASDAQ:JACK) traded at $91.24 at last check on Friday, Nov 20, making an upward move of 0.56% on its previous day’s price.
Looking at the stock we see that its previous close was $90.73 and the beta (5Y monthly) reads 1.63 with the day’s price range being $87.77 – 91.82. The company has a 12-month trailing PE ratio of 29.55. In terms of its 52-week price range, JACK has a high of $94.51 and a low of $16.81. The company’s stock has gained about 3.86% over that past 30 days.
Jack has a market cap of $2.04 Billion and is expected to release its quarterly earnings report on Feb 17, 2021- Feb 22, 2021. With its Forward Dividend at 1.6 and a yield of 1.75%, the company’s investors could be anxious for the JACK stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $1.58, with the EPS growth for the year raised at $5.27 for 2020 and $5.7 for next year. These figures represent 0.13% and at 0.08% growth in EPS for the two years respectively.
There have been 7 upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the JACK stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Based on estimates by 19 analysts where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 9 have rated the Jack in the Box Inc. (JACK) stock as a Hold, while 9 rate it as a Buy. None analysts rate it as outperform while none of them rated it as underperform, whereas 1 suggests the stock as a Sell. The stock has an overall rating of Overweight and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the JACK stock currently stands at 3.61, and the current price level is 8.56% off its SMA20 and 9.22% from its 50-day simple moving average. The RSI (14) is pointing at 65.44 while the volatility over the past week is 4.6% and drops to 4.57% over the past one month. The beta value is 1.63, while the average true range (ATR) is currently pointing at 3.82. The average price target for the stock over the next 12 months is $100.78, with the estimates having a low of $74 and a high of $115. These price ends are -18.9% and +26.04% off the current price level respectively, although investors could be excited at the prospect of a +7.41% if the JACK share price touches on the median price of $98.
Let’s briefly compare Jack (JACK) stock to its peers. We find that today’s price change of +0.56% and +13.19% over the past 12 months for JACK betters that of McDonald’s Corp (MCD), which has seen its stock price fall -0.47% in the latest trading session and is +11.3% over the last one year. Another of its peers Starbucks Corp (SBUX) has dropped -0.77% today, and is +17.87% up over the past year, while Chipotle Mexican Grill (CMG) is also up 0.56% yet its price remains in the green at 13.19% over the same period. McDonald’s has a P/E ratio of 32.68 compared to Jack’s 29.55 and Starbucks 125.34. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at -0.68% and -0.75%, respectively, in early deals.
Coming back to Jack in the Box Inc. (NASDAQ:JACK), we note that the average 3-month trading volume was 490.63 Million, while that of the preceding 10-day period stands at 679.39 Million. Current shares outstanding are 22.68 Million.
According to data from Thomson Reuters, insiders hold 1.9% of the company’s shares while institutions hold 107.98%. The data shows that short shares as of October 29, 2020, stood at 2.87 Million at a short ratio of 6.93. This represents a 12.64% Short interest in Shares outstanding on October 29, 2020. Shares short dropped in October from the previous month at 2.89 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock +16.93% up in year-to-date price movement.