Jack In The Box Inc. (NASDAQ:JACK – Get Free Report) has been assigned a consensus rating of “Hold” from the seventeen brokerages that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $15.8438.
JACK has been the topic of a number of recent analyst reports. Morgan Stanley lowered their price objective on Jack In The Box from $19.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 21st. Stifel Nicolaus boosted their target price on Jack In The Box from $10.00 to $15.00 and gave the stock a “hold” rating in a research report on Thursday, May 14th. Mizuho upped their target price on Jack In The Box from $11.00 to $13.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Royal Bank Of Canada lowered their price target on Jack In The Box from $17.00 to $16.00 and set an “outperform” rating on the stock in a report on Thursday, May 14th. Finally, Oppenheimer dropped their price target on Jack In The Box from $27.00 to $22.00 and set an “outperform” rating for the company in a research report on Thursday, May 14th.
Get Our Latest Research Report on JACK
Insider Buying and Selling at Jack In The Box
Hedge Funds Weigh In On Jack In The Box
A number of institutional investors have recently made changes to their positions in JACK. Royal Bank of Canada lifted its holdings in shares of Jack In The Box by 5.9% during the 1st quarter. Royal Bank of Canada now owns 12,035 shares of the restaurant operator’s stock worth $327,000 after acquiring an additional 671 shares during the last quarter. Cubist Systematic Strategies LLC increased its stake in Jack In The Box by 206.6% in the first quarter. Cubist Systematic Strategies LLC now owns 5,967 shares of the restaurant operator’s stock valued at $162,000 after acquiring an additional 11,567 shares during the last quarter. Woodline Partners LP raised its position in Jack In The Box by 63.8% during the first quarter. Woodline Partners LP now owns 167,184 shares of the restaurant operator’s stock valued at $4,546,000 after purchasing an additional 65,142 shares in the last quarter. JPMorgan Chase & Co. raised its position in Jack In The Box by 45.5% during the third quarter. JPMorgan Chase & Co. now owns 389,327 shares of the restaurant operator’s stock valued at $7,697,000 after purchasing an additional 121,752 shares in the last quarter. Finally, US Bancorp DE lifted its stake in Jack In The Box by 96.7% during the third quarter. US Bancorp DE now owns 1,420 shares of the restaurant operator’s stock worth $28,000 after purchasing an additional 698 shares during the last quarter. Institutional investors own 99.79% of the company’s stock.
Jack In The Box Price Performance
NASDAQ JACK opened at $17.86 on Friday. Jack In The Box has a 1 year low of $8.91 and a 1 year high of $23.86. The stock has a market capitalization of $340.59 million, a PE ratio of 9.65, a P/E/G ratio of 0.98 and a beta of 1.38. The company’s 50 day simple moving average is $14.73 and its two-hundred day simple moving average is $14.61.
Jack In The Box (NASDAQ:JACK – Get Free Report) last released its quarterly 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. The firm had revenue of $254.26 million during the quarter, compared to analyst estimates of $256.55 million. Jack In The Box had a net margin of 2.82% and a negative return on equity of 6.34%. The business’s revenue for the quarter was down 24.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.20 EPS. On average, research analysts anticipate that Jack In The Box will post 3.42 EPS for the current year.
Jack In The Box Company Profile
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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