Jack In The Box Inc. (NASDAQ:JACK – Get Free Report) shares passed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $13.54 and traded as high as $14.12. Jack In The Box shares last traded at $13.80, with a volume of 459,732 shares changing hands.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on JACK. Weiss Ratings reissued a “sell (d)” rating on shares of Jack In The Box in a research report on Tuesday, August 11th. Mizuho raised their price objective on shares of Jack In The Box from $13.00 to $16.00 and gave the stock a “neutral” rating in a report on Thursday, August 13th. Morgan Stanley cut their price objective on shares of Jack In The Box from $15.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 15th. Zacks Research cut shares of Jack In The Box from a “hold” rating to a “strong sell” rating in a research report on Monday, September 28th. Finally, Royal Bank Of Canada upped their target price on shares of Jack In The Box from $16.00 to $22.00 and gave the stock an “outperform” rating in a research note on Thursday, August 13th. Two analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Jack In The Box has an average rating of “Reduce” and an average target price of $16.83.
Get Our Latest Stock Analysis on JACK
Jack In The Box Stock Up 6.0%
The stock has a fifty day moving average of $13.54 and a 200-day moving average of $14.65. The firm has a market capitalization of $264.67 million, a P/E ratio of 7.98, a P/E/G ratio of 0.74 and a beta of 1.41.
Jack In The Box (NASDAQ:JACK – Get Free Report) last released its earnings results on Wednesday, August 12th. The restaurant operator reported $0.96 EPS for the quarter, beating the consensus estimate of $0.88 by $0.08. Jack In The Box had a negative return on equity of 6.33% and a net margin of 2.84%. The firm had revenue of $257.66 million for the quarter, compared to analysts’ expectations of $264.60 million. During the same quarter in the previous year, the business posted $1.02 EPS. The business’s quarterly revenue was down 22.6% compared to the same quarter last year. Sell-side analysts predict that Jack In The Box Inc. will post 3.13 EPS for the current fiscal year.
Institutional Trading of Jack In The Box
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Legal & General Group Plc acquired a new position in Jack In The Box during the second quarter worth $30,000. Public Employees Retirement System of Ohio bought a new position in Jack In The Box in the second quarter valued at $48,000. Versant Capital Management Inc increased its stake in Jack In The Box by 106.7% in the 2nd quarter. Versant Capital Management Inc now owns 6,107 shares of the restaurant operator’s stock valued at $97,000 after buying an additional 3,152 shares during the last quarter. Bank of Nova Scotia acquired a new stake in Jack In The Box in the 1st quarter valued at $102,000. Finally, Cetera Investment Advisers increased its stake in Jack In The Box by 8.6% in the 1st quarter. Cetera Investment Advisers now owns 25,027 shares of the restaurant operator’s stock valued at $242,000 after buying an additional 1,987 shares during the last quarter. 99.79% of the stock is currently owned by institutional investors and hedge funds.
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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