Jack In The Box (NASDAQ:JACK) Given New $12.00 Price Target at TD Cowen

Jack In The Box (NASDAQ:JACK) had its target price cut by TD Cowen from $16.00 to $12.00 in a report published on Tuesday morning, MarketBeat.com reports. They currently have a hold rating on the restaurant operator’s stock.

Several other analysts have also commented on the company. Citigroup lifted their price objective on Jack In The Box from $23.00 to $24.00 and gave the stock a “neutral” rating in a report on Thursday, February 19th. Sanford C. Bernstein set a $23.00 price objective on Jack In The Box in a report on Thursday, February 19th. UBS Group lifted their price objective on Jack In The Box from $17.00 to $21.00 and gave the stock a “neutral” rating in a report on Tuesday, January 6th. Piper Sandler lifted their price objective on Jack In The Box from $17.00 to $23.00 and gave the stock a “neutral” rating in a report on Thursday, February 19th. Finally, Truist Financial lifted their price objective on Jack In The Box from $16.00 to $18.00 and gave the stock a “hold” rating in a report on Thursday, January 8th. Four analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $22.41.

Jack In The Box Price Performance

JACK stock opened at $11.78 on Tuesday. Jack In The Box has a 1-year low of $8.91 and a 1-year high of $29.40. The business has a fifty day moving average price of $14.75 and a 200-day moving average price of $17.50. The stock has a market capitalization of $224.29 million, a P/E ratio of -1.92, a P/E/G ratio of 0.63 and a beta of 1.32.

Jack In The Box (NASDAQ:JACK) last posted its quarterly earnings results on Wednesday, February 18th. The restaurant operator reported $1.00 earnings per share for the quarter, missing the consensus estimate of $1.10 by ($0.10). Jack In The Box had a negative return on equity of 7.12% and a negative net margin of 8.69%.The business had revenue of $349.52 million during the quarter, compared to analysts’ expectations of $355.73 million. During the same quarter in the prior year, the firm earned $1.86 EPS. The firm’s revenue for the quarter was down 5.8% compared to the same quarter last year. As a group, analysts anticipate that Jack In The Box will post 5.33 earnings per share for the current year.

Insider Transactions at Jack In The Box

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

Institutional Trading of Jack In The Box

Several hedge funds have recently bought and sold shares of the stock. Invesco Ltd. grew its holdings in Jack In The Box by 36.2% during the fourth quarter. Invesco Ltd. now owns 144,495 shares of the restaurant operator’s stock valued at $2,738,000 after purchasing an additional 38,408 shares during the period. Susquehanna Portfolio Strategies LLC grew its holdings in Jack In The Box by 19.4% during the fourth quarter. Susquehanna Portfolio Strategies LLC now owns 107,267 shares of the restaurant operator’s stock valued at $2,033,000 after purchasing an additional 17,411 shares during the period. Readystate Asset Management LP bought a new stake in Jack In The Box during the fourth quarter valued at about $4,268,000. Inspire Investing LLC bought a new stake in Jack In The Box during the fourth quarter valued at about $100,000. Finally, Janus Henderson Group PLC bought a new stake in Jack In The Box during the fourth quarter valued at about $5,591,000. 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.