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

Shares of Jack In The Box Inc. (NASDAQ:JACK) have received an average recommendation of “Hold” from the twenty-one research firms that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $25.60.

Several research analysts have recently issued reports on JACK shares. Citigroup upped their price objective on Jack In The Box from $16.00 to $23.00 and gave the company a “neutral” rating in a research note on Friday, February 6th. Sanford C. Bernstein set a $20.00 price target on Jack In The Box in a report on Wednesday, January 7th. The Goldman Sachs Group boosted their target price on Jack In The Box from $15.00 to $17.00 and gave the company a “sell” rating in a research report on Wednesday, January 28th. TD Cowen set a $16.00 price target on shares of Jack In The Box in a research note on Thursday, November 20th. Finally, Stifel Nicolaus lowered their price objective on Jack In The Box from $20.00 to $18.00 and set a “hold” rating for the company in a research note on Thursday, November 20th.

Insider Transactions at Jack In The Box

In other Jack In The Box news, CEO Lance F. Tucker purchased 5,000 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The stock was bought at an average cost of $17.29 per share, with a total value of $86,450.00. Following the completion of the transaction, the chief executive officer owned 84,555 shares of the company’s stock, valued at $1,461,955.95. The trade was a 6.28% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Richard D. Cook sold 1,787 shares of the firm’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $19.08, for a total value of $34,095.96. Following the sale, the senior vice president directly owned 27,193 shares of the company’s stock, valued at approximately $518,842.44. This represents a 6.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 12,462 shares of company stock worth $247,352. 1.40% of the stock is owned by insiders.

Institutional Trading of Jack In The Box

A number of hedge funds and other institutional investors have recently bought and sold shares of JACK. Royal Bank of Canada boosted its stake 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 buying an additional 671 shares during the period. Cubist Systematic Strategies LLC raised its position in Jack In The Box by 206.6% in the 1st quarter. Cubist Systematic Strategies LLC now owns 5,967 shares of the restaurant operator’s stock worth $162,000 after purchasing an additional 11,567 shares during the period. Woodline Partners LP lifted its stake in shares of Jack In The Box by 63.8% in the 1st quarter. Woodline Partners LP now owns 167,184 shares of the restaurant operator’s stock valued at $4,546,000 after acquiring an additional 65,142 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Jack In The Box by 165.5% during the third quarter. GAMMA Investing LLC now owns 1,341 shares of the restaurant operator’s stock valued at $27,000 after purchasing an additional 836 shares during the period. Finally, Farther Finance Advisors LLC bought a new stake in Jack In The Box in the 3rd quarter worth $65,000. Institutional investors own 99.79% of the company’s stock.

Jack In The Box Stock Performance

Shares of JACK stock opened at $20.73 on Friday. Jack In The Box has a fifty-two week low of $13.99 and a fifty-two week high of $41.09. The stock’s fifty day moving average price is $20.73 and its two-hundred day moving average price is $19.12. The company has a market cap of $395.94 million, a PE ratio of -4.85, a P/E/G ratio of 1.05 and a beta of 1.14.

Jack In The Box (NASDAQ:JACK) last issued its earnings results on Wednesday, November 19th. The restaurant operator reported $0.30 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.16). The business had revenue of $326.19 million for the quarter, compared to analyst estimates 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 revenue was down 6.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.16 EPS. On average, equities analysts predict that Jack In The Box will post 5.33 EPS for the current fiscal 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.