Wall Street Zen upgraded shares of Jack In The Box (NASDAQ:JACK – Free Report) from a sell rating to a hold rating in a report released on Saturday morning.
JACK has been the topic of a number of other reports. Guggenheim lowered shares of Jack In The Box from a “buy” rating to a “neutral” rating in a research note on Thursday, May 28th. Morgan Stanley decreased their target price on shares of Jack In The Box from $19.00 to $15.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft set a $15.00 price target on Jack In The Box in a report on Thursday, May 14th. Citigroup dropped their price target on Jack In The Box from $15.00 to $14.00 and set a “neutral” rating on the stock in a research report on Thursday, May 14th. Finally, TD Cowen reduced their price objective on Jack In The Box from $16.00 to $12.00 and set a “hold” rating for the company in a research note on Tuesday, April 14th. Three analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $15.84.
Check Out 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 released its quarterly earnings results on Wednesday, May 13th. The restaurant operator reported $0.76 EPS for the quarter, beating the consensus estimate of $0.74 by $0.02. The firm had revenue of $254.26 million during the quarter, compared to the consensus estimate of $256.55 million. Jack In The Box had a net margin of 2.82% and a negative return on equity of 6.34%. Jack In The Box’s revenue for the quarter was down 24.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.20 EPS. Analysts anticipate that Jack In The Box will post 3.42 earnings per share for the current year.
Insider Transactions at Jack In The Box
In other news, Director Guillermo Diaz, Jr. acquired 5,962 shares of the business’s stock in a transaction on Thursday, May 28th. The stock was bought at an average price of $11.51 per share, for a total transaction of $68,622.62. Following the transaction, the director owned 20,692 shares in the company, valued at $238,164.92. This represents a 40.48% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.40% of the company’s stock.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. Allworth Financial LP raised its holdings in Jack In The Box by 322.6% during the fourth quarter. Allworth Financial LP now owns 1,475 shares of the restaurant operator’s stock worth $28,000 after purchasing an additional 1,126 shares in the last quarter. US Bancorp DE boosted its holdings in Jack In The Box by 96.7% in 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 in the last quarter. Northwestern Mutual Wealth Management Co. increased its position 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 worth $35,000 after purchasing an additional 1,802 shares during the period. Russell Investments Group Ltd. increased its position 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 worth $62,000 after purchasing an additional 2,824 shares during the period. Finally, Versant Capital Management Inc raised its stake in shares of Jack In The Box by 106.7% during the 2nd quarter. Versant Capital Management Inc now owns 6,107 shares of the restaurant operator’s stock worth $97,000 after buying an additional 3,152 shares in the last quarter. 99.79% of the stock is currently owned by institutional investors and hedge funds.
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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