Jack in the Box (NASDAQ:JACK) Earns Hold Rating from TD Securities

Jack in the Box (NASDAQ:JACK)‘s stock had its “hold” rating reiterated by equities research analysts at TD Securities in a note issued to investors on Thursday,Benzinga reports. They currently have a $31.00 price objective on the restaurant operator’s stock. TD Securities’ price objective indicates a potential upside of 30.53% from the stock’s previous close.

Other research analysts have also issued reports about the company. Wedbush lowered Jack in the Box from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $50.00 to $40.00 in a report on Friday, February 21st. Truist Financial decreased their price objective on Jack in the Box from $57.00 to $51.00 and set a “buy” rating for the company in a research report on Wednesday, February 26th. Stifel Nicolaus set a $32.00 target price on shares of Jack in the Box and gave the stock a “buy” rating in a report on Monday, April 28th. Guggenheim reaffirmed a “buy” rating and issued a $55.00 price target on shares of Jack in the Box in a research note on Thursday, February 27th. Finally, Royal Bank of Canada lowered their price objective on shares of Jack in the Box from $45.00 to $30.00 and set an “outperform” rating for the company in a research report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $42.50.

Jack in the Box Stock Performance

JACK opened at $23.75 on Thursday. Jack in the Box has a 52 week low of $22.01 and a 52 week high of $60.73. The firm has a market capitalization of $447.88 million, a PE ratio of -12.18, a P/E/G ratio of 1.29 and a beta of 1.35. The company has a fifty day moving average price of $26.66 and a two-hundred day moving average price of $36.89.

Jack in the Box (NASDAQ:JACK) last released its earnings results on Wednesday, May 14th. The restaurant operator reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.07. The firm had revenue of $336.70 million for the quarter, compared to analyst estimates of $345.81 million. Jack in the Box had a negative return on equity of 15.79% and a negative net margin of 2.34%. The company’s quarterly revenue was down 7.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.46 earnings per share. Equities analysts forecast that Jack in the Box will post 5.33 EPS for the current year.

Hedge Funds Weigh In On Jack in the Box

A number of institutional investors have recently bought and sold shares of JACK. Sei Investments Co. boosted its stake in shares of Jack in the Box by 2.0% during the 4th quarter. Sei Investments Co. now owns 20,626 shares of the restaurant operator’s stock worth $859,000 after acquiring an additional 413 shares during the period. Quadrant Capital Group LLC lifted its holdings in Jack in the Box by 96.7% during the 4th quarter. Quadrant Capital Group LLC now owns 899 shares of the restaurant operator’s stock valued at $37,000 after purchasing an additional 442 shares during the last quarter. KBC Group NV boosted its position in Jack in the Box by 99.5% during the fourth quarter. KBC Group NV now owns 1,235 shares of the restaurant operator’s stock worth $51,000 after purchasing an additional 616 shares during the period. Royal Bank of Canada increased its holdings in shares of Jack in the Box by 5.9% in the first quarter. Royal Bank of Canada now owns 12,035 shares of the restaurant operator’s stock valued at $327,000 after purchasing an additional 671 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of Jack in the Box by 0.9% in the first quarter. Principal Financial Group Inc. now owns 94,159 shares of the restaurant operator’s stock valued at $2,560,000 after purchasing an additional 824 shares during the last quarter. Institutional investors and hedge funds own 99.79% of the company’s stock.

Jack in the Box Company Profile

Jack in the Box Inc operates and franchises Jack in the Box and Del Taco quick-service restaurants in the United States. The company was founded in 1951 and is headquartered in San Diego, California.