Jack In The Box Inc. (NASDAQ:JACK) Stock Has Consensus Target Price of $17.22

Shares of Jack In The Box Inc. (NASDAQ:JACK – Get Free Report) have received a consensus recommendation of “Hold” from the eighteen ratings firms that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $17.22.

A number of equities analysts recently issued reports on the company. Mizuho raised their price target on Jack In The Box from $13.00 to $16.00 and gave the stock a “neutral” rating in a report on Thursday, August 13th. Royal Bank Of Canada upped their price objective on Jack In The Box from $16.00 to $22.00 and gave the company an “outperform” rating in a research note on Thursday, August 13th. Wall Street Zen raised Jack In The Box from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Zacks Research downgraded Jack In The Box from a “hold” rating to a “strong sell” rating in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $16.00 target price on shares of Jack In The Box in a report on Thursday, August 13th.

Check Out Our Latest Research Report on Jack In The Box

Jack In The Box Price Performance

Shares of NASDAQ:JACK opened at $13.22 on Monday. The stock has a market cap of $253.56 million, a P/E ratio of 7.64, a P/E/G ratio of 0.80 and a beta of 1.38. The firm has a fifty day moving average price of $15.70 and a 200 day moving average price of $13.75. Jack In The Box has a 1-year low of $8.91 and a 1-year high of $23.86.

Jack In The Box (NASDAQ:JACK – Get Free Report) last posted its quarterly earnings data on Wednesday, August 12th. The restaurant operator reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.08. Jack In The Box had a net margin of 2.84% and a negative return on equity of 6.33%. The company had revenue of $257.66 million for the quarter, compared to analyst estimates of $264.60 million. During the same period in the previous year, the business posted $1.02 earnings per share. Jack In The Box’s quarterly revenue was down 22.6% on a year-over-year basis. Sell-side analysts expect that Jack In The Box will post 3.15 EPS for the current fiscal year.

Hedge Funds Weigh In On Jack In The Box

Large investors have recently bought and sold shares of the company. Manning & Napier Advisors LLC lifted its stake in shares of Jack In The Box by 0.4% in the 1st quarter. Manning & Napier Advisors LLC now owns 376,343 shares of the restaurant operator’s stock worth $3,639,000 after acquiring an additional 1,677 shares during the period. Legal & General Group Plc acquired a new position in shares of Jack In The Box during the second quarter worth about $30,000. Cetera Investment Advisers increased its stake in shares of Jack In The Box by 8.6% during the first quarter. Cetera Investment Advisers now owns 25,027 shares of the restaurant operator’s stock worth $242,000 after acquiring an additional 1,987 shares during the period. Public Employees Retirement System of Ohio purchased a new position in Jack In The Box during the second quarter worth about $48,000. Finally, Versant Capital Management Inc raised its holdings in Jack In The Box by 106.7% during the second quarter. Versant Capital Management Inc now owns 6,107 shares of the restaurant operator’s stock worth $97,000 after purchasing an additional 3,152 shares in the last quarter. Hedge funds and other institutional investors own 99.79% of the company’s stock.

About Jack In The Box

(Get Free Report)

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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Analyst Recommendations for Jack In The Box (NASDAQ:JACK)

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