Jack In The Box Inc. (NASDAQ:JACK) Receives $15.84 Consensus Target Price from Analysts

Jack In The Box Inc. (NASDAQ:JACK) has been assigned an average recommendation of “Hold” from the seventeen brokerages that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $15.8438.

JACK has been the subject of a number of recent research reports. Wall Street Zen downgraded Jack In The Box from a “hold” rating to a “sell” rating in a research report on Saturday, May 30th. Jefferies Financial Group set a $12.50 target price on shares of Jack In The Box in a report on Thursday, May 14th. Weiss Ratings upgraded Jack In The Box from a “sell (e+)” rating to a “sell (d)” rating in a report on Thursday, May 14th. Mizuho boosted their price objective on shares of Jack In The Box from $11.00 to $13.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Finally, UBS Group decreased their price target on shares of Jack In The Box from $23.00 to $14.00 and set a “neutral” rating for the company in a research note on Thursday, May 14th.

Jack In The Box Trading Down 7.8%

NASDAQ JACK opened at $14.98 on Wednesday. The company has a 50 day moving average of $13.25 and a 200-day moving average of $15.23. Jack In The Box has a 1-year low of $8.91 and a 1-year high of $25.34. The firm has a market cap of $285.67 million, a price-to-earnings ratio of 8.10, a PEG ratio of 0.88 and a beta of 1.38.

Jack In The Box (NASDAQ:JACK) last posted its quarterly earnings data on Wednesday, May 13th. The restaurant operator reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. The company had revenue of $254.26 million for the quarter, compared to analyst estimates of $256.55 million. Jack In The Box had a negative return on equity of 6.34% and a net margin of 2.82%.The business’s revenue was down 24.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.20 earnings per share. On average, analysts forecast that Jack In The Box will post 3.46 earnings per share for the current year.

Insider Buying and Selling at Jack In The Box

In related news, Director Guillermo Diaz, Jr. acquired 5,962 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were bought at an average price of $11.51 per share, for a total transaction of $68,622.62. Following the purchase, the director directly owned 20,692 shares in the company, valued at approximately $238,164.92. This trade represents a 40.48% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Jack In The Box

A number of large investors have recently added to or reduced their stakes in the business. Royal Bank of Canada grew its holdings in Jack In The Box by 5.9% during the first quarter. Royal Bank of Canada now owns 12,035 shares of the restaurant operator’s stock valued at $327,000 after purchasing an additional 671 shares during the period. US Bancorp DE raised its stake in shares of Jack In The Box by 96.7% in the third quarter. US Bancorp DE now owns 1,420 shares of the restaurant operator’s stock valued at $28,000 after buying an additional 698 shares during the period. Allworth Financial LP raised its stake in shares of Jack In The Box by 322.6% in the fourth quarter. Allworth Financial LP now owns 1,475 shares of the restaurant operator’s stock valued at $28,000 after buying an additional 1,126 shares during the period. Russell Investments Group Ltd. lifted its position in shares of Jack In The Box by 43.4% during the 4th quarter. Russell Investments Group Ltd. now owns 4,507 shares of the restaurant operator’s stock valued at $85,000 after buying an additional 1,363 shares during the last quarter. Finally, Manning & Napier Advisors LLC lifted its position in shares of Jack In The Box by 0.4% during the 1st quarter. Manning & Napier Advisors LLC now owns 376,343 shares of the restaurant operator’s stock valued at $3,639,000 after buying an additional 1,677 shares during the last quarter. 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.