The Goldman Sachs Group Cuts Jack In The Box (NASDAQ:JACK) Price Target to $15.00

Jack In The Box (NASDAQ:JACK) had its target price decreased by The Goldman Sachs Group from $17.00 to $15.00 in a research report sent to investors on Thursday, MarketBeat reports. The Goldman Sachs Group currently has a sell rating on the restaurant operator’s stock.

A number of other equities research analysts also recently weighed in on the company. UBS Group decreased their price objective on Jack In The Box from $20.00 to $17.00 and set a “neutral” rating on the stock in a report on Monday, November 17th. Zacks Research raised Jack In The Box from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 7th. 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 price target on the stock. Oppenheimer cut their price objective on Jack In The Box from $28.00 to $24.00 and set an “outperform” rating for the company in a report on Thursday. Finally, Mizuho raised shares of Jack In The Box to a “hold” rating in a report on Tuesday, October 28th. Five analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Jack In The Box has an average rating of “Hold” and a consensus price target of $23.90.

Jack In The Box Price Performance

Shares of Jack In The Box stock 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. The company’s fifty day moving average price is $17.62 and its two-hundred day moving average price is $19.33. Jack In The Box has a 52-week low of $13.99 and a 52-week high of $50.45.

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 return on equity of 11.31% and a negative net margin of 4.34%.The business had revenue of $326.19 million for the quarter, compared to the consensus estimate of $324.23 million. During the same period in the previous year, the business posted $1.16 earnings per share. Jack In The Box’s revenue was down 6.6% on a year-over-year basis. Analysts predict that Jack In The Box will post 5.33 earnings per share for the current fiscal year.

Institutional Trading of Jack In The Box

Several large investors have recently made changes to their positions in JACK. Marshall Wace LLP increased its stake in shares of Jack In The Box by 192.9% in the third quarter. Marshall Wace LLP now owns 744,141 shares of the restaurant operator’s stock valued at $14,712,000 after buying an additional 490,071 shares in the last quarter. Callodine Capital Management LP lifted its position in Jack In The Box by 121.3% during the 1st quarter. Callodine Capital Management LP now owns 675,667 shares of the restaurant operator’s stock worth $18,371,000 after buying an additional 370,290 shares in the last quarter. IPG Investment Advisors LLC grew its holdings in 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 acquiring an additional 241,316 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in Jack In The Box by 519.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 241,444 shares of the restaurant operator’s stock worth $4,773,000 after acquiring an additional 202,469 shares during the last quarter. Finally, Invenomic Capital Management LP increased its position in Jack In The Box by 43.5% in the 1st quarter. Invenomic Capital Management LP now owns 511,954 shares of the restaurant operator’s stock valued at $13,920,000 after acquiring an additional 155,197 shares in the last quarter. Institutional investors 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.