Jack In The Box (NASDAQ:JACK – Get Free Report) announced its quarterly earnings data on Wednesday. The restaurant operator reported $0.96 EPS for the quarter, beating the consensus estimate of $0.88 by $0.08, FiscalAI reports. The company had revenue of $257.66 million for the quarter, compared to the consensus estimate of $264.70 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 Stock Up 5.2%
Shares of NASDAQ JACK traded up $0.92 during trading on Wednesday, reaching $18.78. 1,549,462 shares of the company traded hands, compared to its average volume of 841,238. The firm has a 50 day simple moving average of $14.73 and a 200-day simple moving average of $14.61. The stock has a market capitalization of $358.21 million, a PE ratio of 10.15, a P/E/G ratio of 0.98 and a beta of 1.38. Jack In The Box has a 52-week low of $8.91 and a 52-week high of $23.86.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on JACK shares. Barclays dropped their target price on shares of Jack In The Box from $23.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 14th. Mizuho raised their price target on shares of Jack In The Box from $11.00 to $13.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Sanford C. Bernstein set a $15.00 price objective on shares of Jack In The Box in a report on Thursday, May 14th. The Goldman Sachs Group lowered their price objective on Jack In The Box from $17.00 to $12.00 and set a “sell” rating on the stock in a research report on Friday, May 15th. Finally, Stifel Nicolaus increased their target price on Jack In The Box from $10.00 to $15.00 and gave the company a “hold” rating in a research note on Thursday, May 14th. Three investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Jack In The Box presently has a consensus rating of “Hold” and a consensus price target of $15.84.
Insider Buying and Selling at Jack In The Box
In related news, Director Guillermo Diaz, Jr. acquired 5,962 shares of the firm’s stock in a transaction dated Thursday, May 28th. The stock was purchased at an average cost of $11.51 per share, with a total value of $68,622.62. Following the completion of the acquisition, the director directly owned 20,692 shares of the company’s stock, valued at approximately $238,164.92. This trade represents a 40.48% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.40% of the stock is owned by insiders.
Institutional Investors Weigh In On Jack In The Box
A number of large investors have recently added to or reduced their stakes in JACK. Marshall Wace LLP increased its position in shares of Jack In The Box by 192.9% during the 3rd quarter. Marshall Wace LLP now owns 744,141 shares of the restaurant operator’s stock valued at $14,712,000 after purchasing an additional 490,071 shares during the last quarter. Windward Management LP purchased a new position in shares of Jack In The Box in the fourth quarter worth approximately $7,394,000. Janus Henderson Group PLC purchased a new position in shares of Jack In The Box in the fourth quarter worth approximately $5,591,000. Nantahala Capital Management LLC boosted its holdings in shares of Jack In The Box by 44.3% in the fourth quarter. Nantahala Capital Management LLC now owns 865,990 shares of the restaurant operator’s stock worth $16,411,000 after buying an additional 265,990 shares during the last quarter. Finally, Readystate Asset Management LP bought a new stake in Jack In The Box during the fourth quarter valued at approximately $4,268,000. Institutional investors own 99.79% of the company’s stock.
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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