Jack In The Box (NASDAQ:JACK) Price Target Lowered to $10.00 at Stifel Nicolaus

Jack In The Box (NASDAQ:JACK) had its price objective lowered by Stifel Nicolaus from $18.00 to $10.00 in a report published on Tuesday,Benzinga reports. The firm currently has a hold rating on the restaurant operator’s stock.

A number of other equities analysts have also weighed in on JACK. Citigroup upped their target price on shares of Jack In The Box from $23.00 to $24.00 and gave the stock a “neutral” rating in a research report on Thursday, February 19th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $25.00 price target on shares of Jack In The Box in a report on Tuesday, December 9th. UBS Group boosted their price target on shares of Jack In The Box from $17.00 to $21.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 6th. Barclays increased their price objective on shares of Jack In The Box from $15.00 to $20.00 and gave the company an “equal weight” rating in a report on Wednesday, January 7th. Finally, Morgan Stanley cut 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 report on Tuesday, January 20th. Four analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $23.28.

Jack In The Box Trading Up 2.7%

NASDAQ:JACK opened at $9.66 on Tuesday. The stock has a 50-day moving average price of $16.81 and a 200 day moving average price of $18.08. The stock has a market capitalization of $183.83 million, a P/E ratio of -1.57, a P/E/G ratio of 0.49 and a beta of 1.16. Jack In The Box has a 12-month low of $8.91 and a 12-month high of $29.40.

Jack In The Box (NASDAQ:JACK) last posted its quarterly earnings results on Wednesday, February 18th. The restaurant operator reported $1.00 EPS for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.10). Jack In The Box had a negative return on equity of 7.12% and a negative net margin of 8.69%.The business had revenue of $349.52 million during the quarter, compared to analysts’ expectations of $355.73 million. During the same period in the prior year, the firm posted $1.86 earnings per share. The firm’s revenue for the quarter was down 5.8% on a year-over-year basis. On average, research analysts predict that Jack In The Box will post 5.33 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Jack In The Box news, CEO Lance F. Tucker sold 3,150 shares of the stock in a transaction on Wednesday, January 28th. The shares were sold at an average price of $21.83, for a total transaction of $68,764.50. Following the completion of the transaction, the chief executive officer owned 204,068 shares in the company, valued at $4,454,804.44. This trade represents a 1.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 hedge funds and other institutional investors have recently added to or reduced their stakes in JACK. Callodine Capital Management LP raised its holdings in Jack In The Box by 0.3% during the 4th quarter. Callodine Capital Management LP now owns 1,700,504 shares of the restaurant operator’s stock valued at $32,225,000 after buying an additional 5,000 shares during the period. Nantahala Capital Management LLC increased its position in Jack In The Box by 44.3% during the fourth quarter. Nantahala Capital Management LLC now owns 865,990 shares of the restaurant operator’s stock valued at $16,411,000 after acquiring an additional 265,990 shares during the last quarter. Marshall Wace LLP increased its position 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 valued at $14,712,000 after acquiring an additional 490,071 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Jack In The Box by 18.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 639,060 shares of the restaurant operator’s stock valued at $12,110,000 after acquiring an additional 97,326 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in shares of Jack In The Box by 1.9% in the fourth quarter. JPMorgan Chase & Co. now owns 396,673 shares of the restaurant operator’s stock valued at $7,517,000 after acquiring an additional 7,346 shares during the period. 99.79% of the stock is currently owned by hedge funds and other institutional investors.

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.