Loop Capital Issues Pessimistic Forecast for Jack in the Box (NASDAQ:JACK) Stock Price

Jack in the Box (NASDAQ:JACK) had its price target decreased by investment analysts at Loop Capital from $65.00 to $61.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the restaurant operator’s stock. Loop Capital’s target price would indicate a potential upside of 156.84% from the company’s previous close.

Several other brokerages also recently commented on JACK. Wedbush downgraded shares of Jack in the Box from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $50.00 to $40.00 in a research note on Friday, February 21st. Truist Financial cut their price target on shares of Jack in the Box from $57.00 to $51.00 and set a “buy” rating on the stock in a report on Wednesday, February 26th. Royal Bank of Canada dropped their price target on shares of Jack in the Box from $45.00 to $30.00 and set an “outperform” rating on the stock in a research note on Thursday, April 24th. Barclays dropped their price target on shares of Jack in the Box from $40.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 22nd. Finally, Guggenheim reissued a “buy” rating and issued a $55.00 target price on shares of Jack in the Box in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $42.50.

Jack in the Box Stock Down 1.3%

Shares of NASDAQ:JACK opened at $23.75 on Thursday. 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. Jack in the Box has a twelve month low of $22.01 and a twelve month high of $60.73. The company has a 50-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 announced its quarterly earnings results on Wednesday, May 14th. The restaurant operator reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.07. Jack in the Box had a negative net margin of 2.34% and a negative return on equity of 15.79%. The firm had revenue of $336.70 million for the quarter, compared to the consensus estimate of $345.81 million. During the same period in the prior year, the firm posted $1.46 earnings per share. The company’s revenue for the quarter was down 7.8% on a year-over-year basis. Analysts anticipate that Jack in the Box will post 5.33 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Jack in the Box

Several hedge funds have recently bought and sold shares of JACK. Quadrant Capital Group LLC grew its position in shares of Jack in the Box by 96.7% in the fourth 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 period. Public Employees Retirement System of Ohio bought a new stake in Jack in the Box in the fourth quarter valued at about $40,000. KBC Group NV grew its holdings in shares of 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 valued at $51,000 after purchasing an additional 616 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in Jack in the Box by 168.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,558 shares of the restaurant operator’s stock valued at $65,000 after acquiring an additional 978 shares in the last quarter. Finally, Signaturefd LLC raised its stake in shares of Jack in the Box by 1,973.4% in the 1st quarter. Signaturefd LLC now owns 1,638 shares of the restaurant operator’s stock worth $45,000 after buying an additional 1,559 shares in the last quarter. 99.79% of the stock is owned by hedge funds and other institutional investors.

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.