Barclays Forecasts Strong Price Appreciation for Jack In The Box (NASDAQ:JACK) Stock

Jack In The Box (NASDAQ:JACK) had its price objective increased by analysts at Barclays from $15.00 to $20.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “equal weight” rating on the restaurant operator’s stock. Barclays‘s target price would indicate a potential downside of 3.59% from the stock’s previous close.

A number of other brokerages have also recently weighed in on JACK. Truist Financial decreased their price objective on Jack In The Box from $19.00 to $16.00 and set a “hold” rating on the stock in a report on Thursday, November 20th. Mizuho upgraded shares of Jack In The Box to a “hold” rating in a research report on Tuesday, October 28th. Bank of America started coverage on shares of Jack In The Box in a report on Monday, October 13th. They issued a “buy” rating and a $22.00 price objective for the company. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $25.00 price objective on shares of Jack In The Box in a research note on Tuesday, December 9th. Finally, Piper Sandler reduced their target price on shares of Jack In The Box from $19.00 to $17.00 and set a “neutral” rating on the stock in a report on Friday, November 21st. Five analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $24.57.

Jack In The Box Stock Up 1.2%

Shares of NASDAQ JACK traded up $0.25 during mid-day trading on Wednesday, reaching $20.75. 260,923 shares of the company were exchanged, compared to its average volume of 568,378. Jack In The Box has a 52 week low of $13.99 and a 52 week high of $44.15. The company’s 50 day moving average price is $18.08 and its 200 day moving average price is $18.93. The stock has a market capitalization of $392.08 million, a PE ratio of -4.85, a PEG ratio of 0.95 and a beta of 1.13.

Jack In The Box (NASDAQ:JACK) last released its earnings results on Wednesday, November 19th. The restaurant operator reported $0.30 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $326.19 million during the quarter, compared to the consensus estimate of $324.23 million. During the same period in the prior year, the company earned $1.16 EPS. The firm’s revenue was down 6.6% compared to the same quarter last year. On average, sell-side analysts predict that Jack In The Box will post 5.33 earnings per share for the current year.

Insider Activity

In other news, SVP Carl Mount sold 1,393 shares of the company’s stock in a transaction dated 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 represents a 6.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Richard D. Cook sold 1,787 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $19.08, for a total value of $34,095.96. Following the completion of the sale, the senior vice president directly owned 27,193 shares in the company, valued at $518,842.44. The trade was a 6.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 9,466 shares of company stock valued at $181,110. 1.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Jack In The Box

Hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC raised its holdings 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 acquiring an additional 836 shares in the last quarter. US Bancorp DE increased its position in Jack In The Box by 96.7% during the 3rd quarter. US Bancorp DE now owns 1,420 shares of the restaurant operator’s stock valued at $28,000 after purchasing an additional 698 shares during the period. Quent Capital LLC bought a new position in Jack In The Box in the 3rd quarter worth $42,000. Hantz Financial Services Inc. raised its holdings in Jack In The Box by 136.0% in the 3rd quarter. Hantz Financial Services Inc. now owns 2,318 shares of the restaurant operator’s stock worth $46,000 after purchasing an additional 1,336 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its position in shares of Jack In The Box by 882.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 3,144 shares of the restaurant operator’s stock worth $62,000 after purchasing an additional 2,824 shares during the period. 99.79% of the stock is 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.