Truist Financial Cuts Jack In The Box (NASDAQ:JACK) Price Target to $16.00

Jack In The Box (NASDAQ:JACK) had its target price lowered by Truist Financial from $19.00 to $16.00 in a research report sent to investors on Thursday,Benzinga reports. Truist Financial currently has a hold rating on the restaurant operator’s stock.

Several other brokerages have also commented on JACK. Weiss Ratings restated a “sell (e+)” rating on shares of Jack In The Box in a research note on Wednesday, October 8th. Royal Bank Of Canada decreased their price objective on 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. TD Cowen lowered their target price on Jack In The Box from $21.00 to $16.00 and set a “hold” rating on the stock in a research report on Thursday. Morgan Stanley set a $20.00 target price on Jack In The Box in a research note on Tuesday, October 21st. Finally, Zacks Research upgraded Jack In The Box from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 7th. Five research analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $23.90.

Jack In The Box Stock Performance

Shares of JACK opened at $16.81 on Thursday. Jack In The Box has a 1 year low of $13.99 and a 1 year high of $50.45. The company has a market cap of $317.42 million, a price-to-earnings ratio of -4.87 and a beta of 1.20. The firm has a fifty day moving average of $17.62 and a 200-day moving average of $19.33.

Jack In The Box (NASDAQ:JACK) last released its quarterly earnings data on Wednesday, November 19th. The restaurant operator reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.16). The firm had revenue of $326.19 million during the quarter, compared to analyst estimates of $324.23 million. Jack In The Box had a negative return on equity of 11.31% and a negative net margin of 4.34%.The firm’s revenue was down 6.6% on a year-over-year basis. During the same period last year, the business earned $1.16 EPS. Analysts predict that Jack In The Box will post 5.33 EPS for the current year.

Institutional Investors Weigh In On Jack In The Box

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

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.