Jack In The Box (NASDAQ:JACK) Given New $15.00 Price Target at Morgan Stanley

Jack In The Box (NASDAQ:JACK) had its price target trimmed by Morgan Stanley from $19.00 to $15.00 in a research note released on Tuesday,Benzinga reports. The brokerage currently has an equal weight rating on the restaurant operator’s stock.

Other analysts have also recently issued research reports about the stock. TD Cowen lowered their price objective on shares of Jack In The Box from $16.00 to $12.00 and set a “hold” rating for the company in a research report on Tuesday, April 14th. UBS Group lifted their target price 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. Barclays boosted their target price on Jack In The Box from $15.00 to $20.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 7th. Wall Street Zen upgraded Jack In The Box from a “sell” rating to a “hold” rating in a report on Saturday, February 21st. Finally, Zacks Research raised Jack In The Box from a “strong sell” rating to a “hold” rating in a research report on Monday, January 19th. 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $22.18.

Jack In The Box Price Performance

Shares of NASDAQ:JACK opened at $12.70 on Tuesday. The firm’s 50 day simple moving average is $13.83 and its 200 day simple moving average is $17.25. Jack In The Box has a fifty-two week low of $8.91 and a fifty-two week high of $29.40. The company has a market capitalization of $241.81 million, a price-to-earnings ratio of -2.07, a P/E/G ratio of 0.71 and a beta of 1.32.

Jack In The Box (NASDAQ:JACK) last issued its quarterly earnings data on Wednesday, February 18th. The restaurant operator reported $1.00 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.10). The firm had revenue of $349.52 million for the quarter, compared to analyst estimates of $355.73 million. Jack In The Box had a negative net margin of 8.69% and a negative return on equity of 7.12%. The firm’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.86 EPS. Equities research analysts expect that Jack In The Box will post 3.38 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 business’s stock in a transaction on Wednesday, January 28th. The shares were sold at an average price of $21.83, for a total value of $68,764.50. Following the sale, the chief executive officer directly 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.40% of the stock is currently owned by insiders.

Institutional Trading of Jack In The Box

Hedge funds and other institutional investors have recently modified their holdings of the company. Invesco Ltd. lifted its holdings in shares of Jack In The Box by 36.2% in 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 in the last quarter. Susquehanna Portfolio Strategies LLC grew its holdings in shares of 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 worth $2,033,000 after buying an additional 17,411 shares in the last quarter. Readystate Asset Management LP bought a new position in shares of Jack In The Box during the fourth quarter worth about $4,268,000. Inspire Investing LLC acquired a new stake in Jack In The Box in the 4th quarter valued at approximately $100,000. Finally, Janus Henderson Group PLC acquired a new stake in Jack In The Box in the 4th quarter valued at approximately $5,591,000. Institutional investors and hedge funds 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.