Jack In The Box Inc. (NASDAQ:JACK) Receives Average Recommendation of “Hold” from Brokerages

Jack In The Box Inc. (NASDAQ:JACK) has received a consensus recommendation of “Hold” from the twenty-one brokerages that are currently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, thirteen have issued a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $24.3333.

A number of analysts have weighed in on JACK shares. TD Cowen decreased their price objective on Jack In The Box from $21.00 to $16.00 and set a “hold” rating for the company in a research report on Thursday, November 20th. Citigroup dropped their target price on shares of Jack In The Box from $19.00 to $16.00 and set a “neutral” rating for the company in a report on Thursday, November 20th. 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 research note on Monday, November 17th. Morgan Stanley set a $20.00 price objective on Jack In The Box in a research report on Tuesday, October 21st. Finally, Wall Street Zen cut Jack In The Box from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd.

Jack In The Box Trading Up 7.7%

JACK stock opened at $20.58 on Friday. The company has a market capitalization of $388.96 million, a P/E ratio of -4.82, a PEG ratio of 0.95 and a beta of 1.13. The business has a 50 day simple moving average of $17.87 and a 200-day simple moving average of $18.89. Jack In The Box has a twelve month low of $13.99 and a twelve month high of $44.15.

Jack In The Box (NASDAQ:JACK) last released its quarterly earnings results on Wednesday, November 19th. The restaurant operator reported $0.30 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.16). The business had revenue of $326.19 million during the quarter, compared to analysts’ expectations of $324.23 million. Jack In The Box had a negative net margin of 5.51% and a negative return on equity of 9.23%. The firm’s revenue for the quarter was down 6.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.16 EPS. Research analysts predict that Jack In The Box will post 5.33 EPS for the current fiscal year.

Insider Transactions at Jack In The Box

In related news, SVP Carl Mount sold 1,393 shares of the firm’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $19.00, for a total value of $26,467.00. Following the transaction, the senior vice president owned 19,300 shares in the company, valued at approximately $366,700. This trade represents a 6.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Lance F. Tucker bought 5,000 shares of Jack In The Box stock in a transaction that occurred on Monday, November 24th. The shares were acquired at an average price of $17.29 per share, for a total transaction of $86,450.00. Following the acquisition, the chief executive officer directly owned 84,555 shares in the company, valued at approximately $1,461,955.95. This represents a 6.28% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold 8,486 shares of company stock worth $162,039 in the last quarter. 1.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Jack In The Box

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada raised its holdings in Jack In The Box by 5.9% in the first quarter. Royal Bank of Canada now owns 12,035 shares of the restaurant operator’s stock worth $327,000 after buying an additional 671 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 in the last quarter. GAMMA Investing LLC raised its holdings in Jack In The Box by 165.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,341 shares of the restaurant operator’s stock worth $27,000 after acquiring an additional 836 shares during the last quarter. Hantz Financial Services Inc. raised its holdings in 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 worth $46,000 after acquiring an additional 1,336 shares during the last quarter. Finally, Quent Capital LLC bought a new position in Jack In The Box in the 3rd quarter valued at approximately $42,000. Hedge funds and other institutional investors own 99.79% of the company’s stock.

Jack In The Box Company Profile

Jack in the Box (NASDAQ: JACK) is a publicly traded quick-service restaurant company best known for its Jack in the Box brand of fast-food restaurants. Founded in 1951 by Robert O. Peterson and headquartered in San Diego, California, the company has operated for decades as a franchisor and operator of drive-thru and dine-in restaurants. Its business model combines company-owned locations with franchise arrangements, and the company focuses on building brand recognition through menu innovation, marketing and service convenience.

The company’s core offerings center on a broad fast-food menu that includes hamburgers (notably the Jumbo Jack), tacos, breakfast items, sandwiches, salads, sides and specialty limited-time items.