Mizuho Lowers Jack In The Box (NASDAQ:JACK) Price Target to $11.00

Jack In The Box (NASDAQ:JACK) had its target price dropped by stock analysts at Mizuho from $18.00 to $11.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the restaurant operator’s stock. Mizuho’s price target suggests a potential upside of 10.11% from the stock’s previous close.

JACK has been the topic of a number of other reports. Barclays boosted their target price on shares of Jack In The Box from $15.00 to $20.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 7th. Zacks Research upgraded Jack In The Box from a “strong sell” rating to a “hold” rating in a research report on Monday, January 19th. Stifel Nicolaus reduced their price objective on Jack In The Box from $18.00 to $10.00 and set a “hold” rating on the stock in a research note on Tuesday. Truist Financial upped their price objective on Jack In The Box from $16.00 to $18.00 and gave the company a “hold” rating in a research report on Thursday, January 8th. Finally, Piper Sandler raised their price objective on Jack In The Box from $17.00 to $23.00 and gave the company a “neutral” rating in a research note on Thursday, February 19th. Four equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $22.78.

Jack In The Box Price Performance

Shares of JACK opened at $9.99 on Thursday. The stock has a market capitalization of $190.21 million, a price-to-earnings ratio of -1.62, a price-to-earnings-growth ratio of 0.55 and a beta of 1.32. Jack In The Box has a 1 year low of $8.91 and a 1 year high of $29.40. The business’s 50 day simple moving average is $16.12 and its 200-day simple moving average is $17.90.

Jack In The Box (NASDAQ:JACK) last posted its earnings results on Wednesday, February 18th. The restaurant operator reported $1.00 earnings per share for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.10). Jack In The Box had a negative net margin of 8.69% and a negative return on equity of 7.12%. The business had revenue of $349.52 million during the quarter, compared to analysts’ expectations of $355.73 million. During the same period last year, the business posted $1.86 earnings per share. The company’s revenue for the quarter was down 5.8% compared to the same quarter last year. On average, sell-side analysts expect that Jack In The Box will post 5.33 earnings per share for the current year.

Insider Activity at Jack In The Box

In related news, CEO Lance F. Tucker sold 3,150 shares of the company’s stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of $21.83, for a total transaction of $68,764.50. Following the transaction, the chief executive officer directly owned 204,068 shares in the company, valued at approximately $4,454,804.44. This represents a 1.52% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. GAMMA Investing LLC raised its holdings in shares of Jack In The Box by 165.5% in the third quarter. GAMMA Investing LLC now owns 1,341 shares of the restaurant operator’s stock worth $27,000 after buying an additional 836 shares during the period. Allworth Financial LP grew its position in Jack In The Box by 322.6% in the 4th quarter. Allworth Financial LP now owns 1,475 shares of the restaurant operator’s stock valued at $28,000 after acquiring an additional 1,126 shares during the last quarter. US Bancorp DE grew its position in 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 valued at $28,000 after acquiring an additional 698 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in Jack In The Box by 3,604.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,852 shares of the restaurant operator’s stock worth $35,000 after purchasing an additional 1,802 shares during the period. Finally, Quent Capital LLC purchased a new stake in Jack In The Box in the third quarter worth $42,000. Institutional investors own 99.79% of the company’s stock.

About Jack In The Box

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.