Jack In The Box (NASDAQ:JACK) Lowered to Sell Rating by Wall Street Zen

Wall Street Zen cut shares of Jack In The Box (NASDAQ:JACK) from a hold rating to a sell rating in a research report released on Friday.

Other equities analysts also recently issued reports about the company. Morgan Stanley reduced their price target on Jack In The Box from $20.00 to $19.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Mizuho upped their target price on Jack In The Box from $16.00 to $19.00 and gave the company a “neutral” rating in a research report on Friday, January 9th. Piper Sandler lowered their price target on Jack In The Box from $19.00 to $17.00 and set a “neutral” rating for the company in a report on Friday, November 21st. TD Cowen set a $16.00 price target on Jack In The Box in a research note on Thursday, November 20th. Finally, Sanford C. Bernstein set a $20.00 price objective on shares of Jack In The Box in a research report on Wednesday, January 7th. Five equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $25.10.

Jack In The Box Stock Performance

Shares of Jack In The Box stock opened at $21.16 on Friday. The company has a market capitalization of $404.16 million, a PE ratio of -4.96, a P/E/G ratio of 1.09 and a beta of 1.13. The company has a 50-day simple moving average of $19.71 and a two-hundred day simple moving average of $19.25. Jack In The Box has a one year low of $13.99 and a one year high of $44.15.

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

Insider Transactions at Jack In The Box

In other Jack In The Box news, SVP Carl Mount sold 1,393 shares of the firm’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $19.00, for a total transaction of $26,467.00. Following the completion of the transaction, the senior vice president directly owned 19,300 shares of the company’s stock, valued at approximately $366,700. This trade represents a 6.73% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Lance F. Tucker acquired 5,000 shares of the firm’s stock in a transaction on Monday, November 24th. The shares were acquired at an average price of $17.29 per share, with a total value of $86,450.00. Following the completion of the purchase, the chief executive officer owned 84,555 shares in the company, valued at approximately $1,461,955.95. This trade represents a 6.28% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders sold 9,466 shares of company stock valued at $181,110. 1.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in JACK. XTX Topco Ltd boosted its holdings in Jack In The Box by 22.5% in the third quarter. XTX Topco Ltd now owns 54,162 shares of the restaurant operator’s stock valued at $1,071,000 after purchasing an additional 9,933 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of Jack In The Box in the 3rd quarter valued at about $1,312,000. Barclays PLC lifted its holdings in shares of Jack In The Box by 173.3% in the 3rd quarter. Barclays PLC now owns 99,252 shares of the restaurant operator’s stock valued at $1,962,000 after buying an additional 62,931 shares during the period. Millennium Management LLC boosted its stake in shares of Jack In The Box by 535.1% in the third quarter. Millennium Management LLC now owns 152,138 shares of the restaurant operator’s stock worth $3,008,000 after buying an additional 128,182 shares during the last quarter. Finally, Marshall Wace LLP grew its holdings in Jack In The Box by 192.9% during the third quarter. Marshall Wace LLP now owns 744,141 shares of the restaurant operator’s stock worth $14,712,000 after acquiring an additional 490,071 shares during the period. Hedge funds and other 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.