Jack in the Box Price Target Cut to $83.00 (JACK)

Tuesday reported a 22 percent increase in profit on 4 percent growth in revenue for its 2015 fiscal year and announced plans to open more than 70 restaurants next year.

Jack in the Box Inc.is a restaurant company. Rebel Jerry P sold 12,798 shares worth $1.15M.

For the year, earnings totaled $108.8 million, or $2.85 per share, compared with $88.9 million, or $2.12 per share, a year ago. On average, equities research analysts forecast that Jack in the Box will post $3.03 EPS for the current year.

Jack in the Box (JACK – Analyst Report) is a quick service hamburger restaurant chain.

Jack in the Box failed to meet earnings and revenue estimates but delivered strong guidance. The company now has an average rating of “Buy” and a consensus target price of $96.75.

The restaurant chain reported earnings per share of 62 cents and $354 million in revenue. Also, because of different datasources, our reporting and figures may be different then the numbers reported by FactSet and other sources. Jefferies Group restated a buy rating on shares of Jack in the Box in a report on Wednesday.

Ratings analysis reveals 67% of Jack In The Box Inc.’s analysts are positive. Wedbush reiterated an “outperform” rating and issued a $105.00 price target (down from $120.00) on shares of Jack in the Box in a report on Wednesday.

The stock decreased 0.72% or $0.51 during the last trading session, hitting $69.99. The rating is based on a simplified scale where 1 indicates a Strong Buy recommendation and 5 represents a Strong Sell, this is the average rating based on the firms polled by Zacks Research.

In related news, insider Frances L. Allen sold 531 shares of the stock in a transaction dated Tuesday, November 3rd. The stock was sold at an average price of $77.75, for a total value of $41,285.25. Following the transaction, the insider now directly owns 6,244 shares in the company, valued at approximately $485,471. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Comps at Qdoba’s restaurants increased 6.6% driven by a 6.1% upside at the company-owned restaurants and 7.2% rise at franchised restaurants. Restaurant operating margin increased for both Jack in the Box company restaurants as well as Qdoba company restaurants. The Firm’s Jack in the Box restaurants provide a choice of products targeted mostly in the adult fast food consumer. As of September 29, 2013, the Jack in the Box system included 2,251 restaurants in 21 states, of which 465 were Company-operated and 1,786 were franchise-operated. Its menu features various items, including burgers, tacos, specialty sandwiches, drinks, real ice cream shakes, salads and side items. The Business’s Qdoba restaurants feature Mexican flavors that join to produce a variety of products and flavors and fresh ingredients.