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

Jack In The Box Inc. (NASDAQ:JACK) has been assigned a consensus recommendation of “Hold” from the twenty-one research firms that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, thirteen have issued a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $24.6667.

Several equities analysts have recently issued reports on JACK shares. Morgan Stanley decreased their price objective on Jack In The Box from $20.00 to $19.00 and set an “equal weight” rating for the company in a research note on Tuesday. Truist Financial upped their target price on shares of Jack In The Box from $16.00 to $18.00 and gave the stock a “hold” rating in a research note on Thursday, January 8th. TD Cowen decreased their price target on shares of Jack In The Box from $21.00 to $16.00 and set a “hold” rating for the company in a research note on Thursday, November 20th. Royal Bank Of Canada reiterated an “outperform” rating and set a $25.00 price target on shares of Jack In The Box in a report on Tuesday, December 9th. Finally, Bank of America started coverage on shares of Jack In The Box in a research report on Monday, October 13th. They issued a “buy” rating and a $22.00 price objective on the stock.

Insider Activity

In other Jack In The Box news, EVP Sarah L. Super sold 2,114 shares of Jack In The Box stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $19.08, for a total transaction of $40,335.12. Following the completion of the sale, the executive vice president directly owned 32,640 shares of the company’s stock, valued at $622,771.20. The trade was a 6.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Carl Mount sold 1,393 shares of the stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $19.00, for a total value of $26,467.00. Following the completion of the transaction, the senior vice president owned 19,300 shares in the company, valued at approximately $366,700. The trade was a 6.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 9,466 shares of company stock valued at $181,110. Insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On Jack In The Box

Institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its stake in Jack In The Box by 45.5% in the third quarter. JPMorgan Chase & Co. now owns 389,327 shares of the restaurant operator’s stock valued at $7,697,000 after purchasing an additional 121,752 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of Jack In The Box during the 4th quarter worth approximately $2,043,000. Earnest Partners LLC boosted its holdings in shares of Jack In The Box by 5.9% in the 3rd quarter. Earnest Partners LLC now owns 312,842 shares of the restaurant operator’s stock valued at $6,185,000 after buying an additional 17,300 shares in the last quarter. Callodine Capital Management LP boosted its holdings in shares of Jack In The Box by 4.7% in the 3rd quarter. Callodine Capital Management LP now owns 1,695,504 shares of the restaurant operator’s stock valued at $33,520,000 after buying an additional 75,572 shares in the last quarter. Finally, FourThought Financial Partners LLC purchased a new position in shares of Jack In The Box in the 3rd quarter valued at $377,000. Hedge funds and other institutional investors own 99.79% of the company’s stock.

Jack In The Box Stock Down 10.1%

NASDAQ:JACK opened at $20.67 on Wednesday. Jack In The Box has a 52 week low of $13.99 and a 52 week high of $44.15. The company has a fifty day simple moving average of $19.33 and a two-hundred day simple moving average of $19.21. The company has a market cap of $390.66 million, a price-to-earnings ratio of -4.84, a price-to-earnings-growth ratio of 1.14 and a beta of 1.13.

Jack In The Box (NASDAQ:JACK) last announced its quarterly earnings data on Wednesday, November 19th. The restaurant operator reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.16). Jack In The Box had a negative net margin of 5.51% and a negative return on equity of 9.23%. The company had revenue of $326.19 million during the quarter, compared to analyst estimates of $324.23 million. During the same quarter in the previous year, the business posted $1.16 earnings per share. The firm’s revenue was down 6.6% on a year-over-year basis. On average, analysts expect that Jack In The Box will post 5.33 EPS for the current year.

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.