Jack In The Box (NASDAQ:JACK – Get Free Report) was downgraded by equities research analysts at Guggenheim from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Thursday, MarketBeat.com reports.
Other analysts have also issued reports about the company. Piper Sandler boosted their price objective on Jack In The Box from $17.00 to $23.00 and gave the stock a “neutral” rating in a report on Thursday, February 19th. Deutsche Bank Aktiengesellschaft set a $15.00 price objective on Jack In The Box in a report on Thursday, May 14th. Morgan Stanley decreased their price objective on Jack In The Box from $19.00 to $15.00 and set an “equal weight” rating for the company in a report on Tuesday, April 21st. Jefferies Financial Group set a $12.50 price objective on Jack In The Box in a report on Thursday, May 14th. Finally, Mizuho boosted their price objective on Jack In The Box from $11.00 to $13.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Three analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Jack In The Box presently has an average rating of “Hold” and a consensus target price of $15.84.
View Our Latest Research Report on Jack In The Box
Jack In The Box Price Performance
Jack In The Box (NASDAQ:JACK – Get Free Report) last issued its earnings results on Wednesday, May 13th. The restaurant operator reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. Jack In The Box had a negative return on equity of 6.34% and a net margin of 2.82%.The business had revenue of $254.26 million during the quarter, compared to analyst estimates of $256.55 million. During the same period in the previous year, the company posted $1.20 EPS. The firm’s revenue was down 24.5% compared to the same quarter last year. Analysts anticipate that Jack In The Box will post 3.44 EPS for the current year.
Institutional Investors Weigh In On Jack In The Box
A number of hedge funds and other institutional investors have recently bought and sold shares of JACK. Allworth Financial LP raised its holdings in Jack In The Box by 322.6% during the 4th quarter. Allworth Financial LP now owns 1,475 shares of the restaurant operator’s stock valued at $28,000 after acquiring an additional 1,126 shares during the period. US Bancorp DE raised its holdings in 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 acquiring an additional 698 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in Jack In The Box by 3,604.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,852 shares of the restaurant operator’s stock valued at $35,000 after acquiring an additional 1,802 shares during the period. Hantz Financial Services Inc. raised its holdings in Jack In The Box by 136.0% during the 3rd quarter. Hantz Financial Services Inc. now owns 2,318 shares of the restaurant operator’s stock valued at $46,000 after acquiring an additional 1,336 shares during the period. Finally, Russell Investments Group Ltd. raised its holdings in Jack In The Box by 882.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 3,144 shares of the restaurant operator’s stock valued at $62,000 after acquiring an additional 2,824 shares during the period. Institutional investors own 99.79% of the company’s stock.
About Jack In The Box
Jack in the Box (NASDAQ: JACK) is a publicly traded quick-service restaurant company best known for its Jack in the Box brand of fast-food restaurants. Founded in 1951 by Robert O. Peterson and headquartered in San Diego, California, the company has operated for decades as a franchisor and operator of drive-thru and dine-in restaurants. Its business model combines company-owned locations with franchise arrangements, and the company focuses on building brand recognition through menu innovation, marketing and service convenience.
The company’s core offerings center on a broad fast-food menu that includes hamburgers (notably the Jumbo Jack), tacos, breakfast items, sandwiches, salads, sides and specialty limited-time items.
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