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

Shares of Jack In The Box Inc. (NASDAQ:JACK) have received a consensus recommendation of “Hold” from the nineteen analysts that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have given a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $22.7778.

A number of brokerages have recently issued reports on JACK. Zacks Research raised shares of Jack In The Box from a “strong sell” rating to a “hold” rating in a research report on Monday, January 19th. Sanford C. Bernstein set a $23.00 price target on shares of Jack In The Box in a research report on Thursday, February 19th. Piper Sandler boosted their price objective on shares of Jack In The Box from $17.00 to $23.00 and gave the company a “neutral” rating in a report on Thursday, February 19th. Stifel Nicolaus decreased their target price on shares of Jack In The Box from $18.00 to $10.00 and set a “hold” rating on the stock in a research report on Tuesday, March 31st. Finally, Mizuho lowered their target price on shares of Jack In The Box from $18.00 to $11.00 and set a “neutral” rating on the stock in a report on Thursday.

Jack In The Box Stock Performance

Shares of NASDAQ JACK opened at $9.99 on Monday. The firm has a market cap of $190.21 million, a P/E ratio of -1.62, a price-to-earnings-growth ratio of 0.55 and a beta of 1.32. The business’s 50 day moving average is $16.12 and its 200-day moving average is $17.88. Jack In The Box has a 1-year low of $8.91 and a 1-year high of $29.40.

Jack In The Box (NASDAQ:JACK) last released its quarterly earnings results on Wednesday, February 18th. The restaurant operator reported $1.00 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $349.52 million during the quarter, compared to the consensus estimate of $355.73 million. During the same quarter last year, the firm earned $1.86 earnings per share. The business’s revenue for the quarter was down 5.8% compared to the same quarter last year. Analysts forecast that Jack In The Box will post 5.33 EPS for the current year.

Insider Transactions at Jack In The Box

In related news, CEO Lance F. Tucker sold 3,150 shares of the stock in a transaction that occurred on Wednesday, January 28th. The stock was sold at an average price of $21.83, for a total transaction of $68,764.50. Following the sale, the chief executive officer owned 204,068 shares of the company’s stock, valued at $4,454,804.44. This represents a 1.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.40% of the stock is owned by corporate insiders.

Institutional Trading of Jack In The Box

A number of institutional investors have recently modified their holdings of the stock. Royal Bank of Canada increased its position in shares of 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 purchasing an additional 671 shares during the period. US Bancorp DE lifted its position in 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 worth $28,000 after purchasing an additional 698 shares during the period. GAMMA Investing LLC grew its stake in Jack In The Box by 165.5% during 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 in the last quarter. Allworth Financial LP grew its stake in Jack In The Box by 322.6% during the fourth quarter. Allworth Financial LP now owns 1,475 shares of the restaurant operator’s stock worth $28,000 after buying an additional 1,126 shares in the last quarter. Finally, Hantz Financial Services Inc. increased 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 valued at $46,000 after buying an additional 1,336 shares during the period. 99.79% of the stock is currently owned by institutional investors.

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.