Jack In The Box (NASDAQ:JACK) Price Target Cut to $18.00 by Analysts at Stifel Nicolaus

Jack In The Box (NASDAQ:JACK) had its target price lowered by Stifel Nicolaus from $20.00 to $18.00 in a research note issued to investors on Thursday morning, Marketbeat reports. The brokerage currently has a hold rating on the restaurant operator’s stock.

A number of other equities research analysts have also recently commented on the stock. Oppenheimer cut their price target on shares of Jack In The Box from $44.00 to $28.00 and set an “outperform” rating on the stock in a report on Thursday, August 7th. Barclays lowered their price objective on Jack In The Box from $19.00 to $17.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 22nd. Royal Bank Of Canada reduced their target price on Jack In The Box from $30.00 to $22.00 and set an “outperform” rating for the company in a report on Thursday, August 7th. Bank of America assumed coverage on Jack In The Box in a research note on Monday, October 13th. They issued a “buy” rating and a $22.00 price target for the company. Finally, UBS Group dropped their price objective on Jack In The Box from $20.00 to $17.00 and set a “neutral” rating on the stock in a research report on Monday. Five analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $23.90.

Jack In The Box Stock Performance

Shares of JACK traded up $0.48 during trading hours on Thursday, hitting $15.98. The company had a trading volume of 195,957 shares, compared to its average volume of 1,040,776. The firm has a fifty day moving average price of $17.66 and a 200-day moving average price of $19.45. The stock has a market capitalization of $301.79 million, a price-to-earnings ratio of -4.62 and a beta of 1.20. Jack In The Box has a 52-week low of $13.99 and a 52-week high of $50.45.

Jack In The Box (NASDAQ:JACK) last announced its quarterly earnings data on Wednesday, November 19th. The restaurant operator reported $0.30 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.16). The firm had revenue of $326.19 million for the quarter, compared to analysts’ expectations of $324.23 million. Jack In The Box had a negative net margin of 4.34% and a negative return on equity of 11.31%. The business’s revenue for the quarter was down 6.6% compared to the same quarter last year. During the same period last year, the company posted $1.16 earnings per share. Research analysts anticipate that Jack In The Box will post 5.33 earnings per share for the current fiscal year.

Institutional Trading of Jack In The Box

Several large investors have recently modified their holdings of the company. GAMMA Investing LLC lifted its holdings in Jack In The Box by 165.5% in the third quarter. GAMMA Investing LLC now owns 1,341 shares of the restaurant operator’s stock valued at $27,000 after acquiring an additional 836 shares during the period. US Bancorp DE grew its stake in shares of Jack In The Box by 96.7% during the 3rd quarter. US Bancorp DE now owns 1,420 shares of the restaurant operator’s stock valued at $28,000 after purchasing an additional 698 shares during the period. Quent Capital LLC purchased a new stake in shares of Jack In The Box during the 3rd quarter valued at about $42,000. Hantz Financial Services Inc. lifted its stake in shares of Jack In The Box by 136.0% in the 3rd quarter. Hantz Financial Services Inc. now owns 2,318 shares of the restaurant operator’s stock worth $46,000 after purchasing an additional 1,336 shares during the period. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in shares of Jack In The Box by 7,023.3% in the first quarter. Caitong International Asset Management Co. Ltd now owns 2,137 shares of the restaurant operator’s stock worth $58,000 after buying an additional 2,107 shares during the last quarter. Institutional investors own 99.79% of the company’s stock.

Jack In The Box Company Profile

Jack in the Box Inc operates and franchises Jack in the Box and Del Taco quick-service restaurants in the United States. The company was founded in 1951 and is headquartered in San Diego, California.