Jack In The Box Inc. (NASDAQ:JACK) Given Average Recommendation of “Hold” by Analysts

Jack In The Box Inc. (NASDAQ:JACK) has received an average rating of “Hold” from the twenty analysts that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $27.8947.

JACK has been the topic of several research analyst reports. Oppenheimer dropped their price objective on shares of Jack In The Box from $44.00 to $28.00 and set an “outperform” rating on the stock in a research report on Thursday, August 7th. TD Cowen lowered their price target on shares of Jack In The Box from $25.00 to $21.00 and set a “hold” rating on the stock in a report on Thursday, August 7th. UBS Group cut their price objective on shares of Jack In The Box from $27.00 to $22.00 and set a “neutral” rating for the company in a research report on Monday, August 4th. Bank of America assumed coverage on Jack In The Box in a research report on Monday, October 13th. They issued a “buy” rating and a $22.00 target price on the stock. Finally, Truist Financial lowered their target price on Jack In The Box from $22.00 to $19.00 and set a “hold” rating on the stock in a research note on Thursday, August 7th.

Jack In The Box Stock Down 7.0%

JACK opened at $15.93 on Friday. Jack In The Box has a 12-month low of $14.88 and a 12-month high of $50.46. The business has a 50 day moving average of $18.46 and a 200-day moving average of $20.17. The stock has a market cap of $300.81 million, a price-to-earnings ratio of -4.62 and a beta of 1.20.

Jack In The Box (NASDAQ:JACK) last posted its quarterly earnings results on Wednesday, August 6th. The restaurant operator reported $1.02 earnings per share for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.14). Jack In The Box had a negative net margin of 4.34% and a negative return on equity of 11.31%. The business had revenue of $332.99 million during the quarter, compared to the consensus estimate of $340.65 million. During the same quarter last year, the company posted $1.65 EPS. The firm’s revenue was down 9.8% on a year-over-year basis. As a group, analysts expect that Jack In The Box will post 5.33 earnings per share for the current year.

Institutional Investors Weigh In On Jack In The Box

A number of institutional investors have recently modified their holdings of the business. LSV Asset Management increased its position in Jack In The Box by 12.0% during the first quarter. LSV Asset Management now owns 998,197 shares of the restaurant operator’s stock worth $27,141,000 after acquiring an additional 106,993 shares during the period. IPG Investment Advisors LLC grew its position in shares of Jack In The Box by 54.8% during the 1st quarter. IPG Investment Advisors LLC now owns 681,935 shares of the restaurant operator’s stock worth $18,840,000 after purchasing an additional 241,316 shares in the last quarter. Callodine Capital Management LP increased its holdings in shares of Jack In The Box by 121.3% during the first quarter. Callodine Capital Management LP now owns 675,667 shares of the restaurant operator’s stock worth $18,371,000 after purchasing an additional 370,290 shares during the period. Invenomic Capital Management LP raised its position in shares of Jack In The Box by 43.5% in the first quarter. Invenomic Capital Management LP now owns 511,954 shares of the restaurant operator’s stock valued at $13,920,000 after buying an additional 155,197 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Jack In The Box by 5.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 462,152 shares of the restaurant operator’s stock valued at $12,566,000 after buying an additional 25,791 shares in the last quarter. Institutional investors own 99.79% of the company’s stock.

About Jack In The Box

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.