TD Cowen Cuts Jack In The Box (NASDAQ:JACK) Price Target to $16.00

Jack In The Box (NASDAQ:JACK) had its price objective lowered by TD Cowen from $21.00 to $16.00 in a research report report published on Thursday morning,Benzinga reports. The firm currently has a hold rating on the restaurant operator’s stock.

JACK has been the subject of several other research reports. UBS Group cut their price target on Jack In The Box from $20.00 to $17.00 and set a “neutral” rating for the company in a report on Monday, November 17th. Morgan Stanley set a $20.00 target price on Jack In The Box in a report on Tuesday, October 21st. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Jack In The Box in a research note on Wednesday, October 8th. Mizuho raised shares of Jack In The Box to a “hold” rating in a research report on Tuesday, October 28th. Finally, Royal Bank Of Canada dropped their price objective on shares of Jack In The Box from $30.00 to $22.00 and set an “outperform” rating for the company in a report on Thursday, August 7th. Five research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Jack In The Box has an average rating of “Hold” and a consensus price target of $23.90.

Jack In The Box Trading Up 8.5%

JACK opened at $16.81 on Thursday. The firm has a market capitalization of $317.42 million, a PE ratio of -4.87 and a beta of 1.20. Jack In The Box has a twelve month low of $13.99 and a twelve month high of $50.45. The firm’s 50-day moving average price is $17.62 and its 200 day moving average price is $19.33.

Jack In The Box (NASDAQ:JACK) last released its quarterly earnings data on Wednesday, November 19th. The restaurant operator reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.16). 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 $326.19 million during the quarter, compared to analyst estimates of $324.23 million. During the same quarter in the previous year, the company posted $1.16 EPS. The firm’s revenue was down 6.6% on a year-over-year basis. As a group, analysts predict 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

A number of hedge funds have recently modified their holdings of the business. GAMMA Investing LLC increased its position in shares of Jack In The Box by 165.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,341 shares of the restaurant operator’s stock worth $27,000 after purchasing an additional 836 shares during the last quarter. US Bancorp DE increased its position in shares of Jack In The Box by 96.7% during the third quarter. US Bancorp DE now owns 1,420 shares of the restaurant operator’s stock valued at $28,000 after acquiring an additional 698 shares during the last quarter. Quent Capital LLC acquired a new stake in shares of Jack In The Box during the third quarter valued at about $42,000. Hantz Financial Services Inc. raised its stake in shares of Jack In The Box by 136.0% in the 3rd quarter. Hantz Financial Services Inc. now owns 2,318 shares of the restaurant operator’s stock valued at $46,000 after acquiring an additional 1,336 shares during the period. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in shares of Jack In The Box by 7,023.3% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 2,137 shares of the restaurant operator’s stock worth $58,000 after acquiring an additional 2,107 shares during the last quarter. 99.79% of the stock is currently owned by hedge funds and other institutional investors.

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.