Jack In The Box Inc. (JACK) Stock Rating Lowered by TheStreet
Jack In The Box Inc. (NASDAQ:JACK) was downgraded by equities researchers at TheStreet from a “b-” rating to a “c” rating in a report issued on Wednesday.
Other analysts also recently issued reports about the stock. Bank of America Corporation reiterated a “buy” rating and issued a $120.00 price objective (up from $110.00) on shares of Jack In The Box in a report on Friday, May 19th. Jefferies Group LLC reaffirmed a “buy” rating on shares of Jack In The Box in a research report on Wednesday, May 3rd. Zacks Investment Research raised shares of Jack In The Box from a “hold” rating to a “buy” rating and set a $114.00 price objective for the company in a research report on Wednesday, April 26th. Barclays PLC reduced their price objective on shares of Jack In The Box from $110.00 to $103.00 and set an “equal weight” rating for the company in a research report on Thursday. Finally, Cowen and Company reissued a “hold” rating and issued a $100.00 target price on shares of Jack In The Box in a research report on Friday, May 12th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $115.31.
Jack In The Box (NASDAQ:JACK) opened at 95.61 on Wednesday. The stock has a market capitalization of $2.81 billion, a P/E ratio of 23.62 and a beta of 0.57. The company’s 50-day moving average is $95.84 and its 200-day moving average is $101.24. Jack In The Box has a 12 month low of $91.02 and a 12 month high of $113.30.
Jack In The Box (NASDAQ:JACK) last announced its earnings results on Wednesday, August 9th. The restaurant operator reported $0.99 EPS for the quarter, missing the consensus estimate of $1.05 by $0.06. The company had revenue of $357.80 million for the quarter, compared to analyst estimates of $360.84 million. Jack In The Box had a negative return on equity of 41.35% and a net margin of 8.51%. The business’s quarterly revenue was down 3.0% on a year-over-year basis. During the same quarter last year, the business posted $1.07 earnings per share. Equities analysts anticipate that Jack In The Box will post $4.15 earnings per share for the current year.
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In related news, EVP Phillip H. Rudolph sold 6,908 shares of the business’s stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $103.64, for a total value of $715,945.12. Following the completion of the transaction, the executive vice president now owns 99,261 shares of the company’s stock, valued at $10,287,410.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.10% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bridgewater Associates LP bought a new position in Jack In The Box during the second quarter worth approximately $586,000. Ameriprise Financial Inc. increased its position in shares of Jack In The Box by 57.5% in the second quarter. Ameriprise Financial Inc. now owns 137,738 shares of the restaurant operator’s stock valued at $13,568,000 after buying an additional 50,287 shares during the last quarter. Teachers Advisors LLC increased its position in shares of Jack In The Box by 0.5% in the second quarter. Teachers Advisors LLC now owns 57,330 shares of the restaurant operator’s stock valued at $5,647,000 after buying an additional 260 shares during the last quarter. FNY Managed Accounts LLC increased its position in shares of Jack In The Box by 90.6% in the second quarter. FNY Managed Accounts LLC now owns 2,030 shares of the restaurant operator’s stock valued at $199,000 after buying an additional 965 shares during the last quarter. Finally, Riverhead Capital Management LLC increased its position in shares of Jack In The Box by 61.3% in the second quarter. Riverhead Capital Management LLC now owns 2,097 shares of the restaurant operator’s stock valued at $207,000 after buying an additional 797 shares during the last quarter. 93.90% of the stock is owned by institutional investors and hedge funds.
Jack In The Box Company Profile
Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants (QSRs) and Qdoba Mexican Eats (Qdoba) fast-casual restaurants. The Company operates in two segments: Jack in the Box and Qdoba restaurant operations. Qdoba is a fast-casual Mexican food brand in the United States, offering food items including burritos, tacos, salads, and quesadillas.
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