Royal Bank Of Canada Lowers Jack In The Box (NASDAQ:JACK) Price Target to $17.00

Jack In The Box (NASDAQ:JACK) had its target price reduced by analysts at Royal Bank Of Canada from $25.00 to $17.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the restaurant operator’s stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 37.07% from the company’s previous close.

Other equities research analysts have also issued research reports about the company. Piper Sandler boosted their target price on Jack In The Box from $17.00 to $23.00 and gave the company a “neutral” rating in a research note on Thursday, February 19th. Mizuho reduced their price target on Jack In The Box from $18.00 to $11.00 and set a “neutral” rating on the stock in a report on Thursday, April 2nd. Weiss Ratings restated a “sell (e+)” rating on shares of Jack In The Box in a report on Tuesday, April 21st. UBS Group boosted their price target on Jack In The Box from $17.00 to $21.00 and gave the company a “neutral” rating in a report on Tuesday, January 6th. Finally, The Goldman Sachs Group boosted their price target on Jack In The Box from $15.00 to $17.00 and gave the company a “sell” rating in a report on Wednesday, January 28th. Four equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $21.18.

Jack In The Box Stock Down 1.6%

Shares of NASDAQ JACK traded down $0.20 during midday trading on Friday, reaching $12.40. The company had a trading volume of 135,949 shares, compared to its average volume of 731,616. Jack In The Box has a one year low of $8.91 and a one year high of $29.40. The firm’s fifty day moving average price is $12.76 and its 200-day moving average price is $16.99. The stock has a market cap of $236.13 million, a PE ratio of -2.03, a price-to-earnings-growth ratio of 0.69 and a beta of 1.32.

Jack In The Box (NASDAQ:JACK) last released its earnings results on Wednesday, February 18th. The restaurant operator reported $1.00 earnings per share for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.10). Jack In The Box had a negative net margin of 8.69% and a negative return on equity of 7.12%. The company had revenue of $349.52 million during the quarter, compared to the consensus estimate of $355.73 million. During the same period last year, the firm posted $1.86 EPS. The company’s revenue was down 5.8% on a year-over-year basis. As a group, equities research analysts expect that Jack In The Box will post 3.36 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Manning & Napier Advisors LLC grew its holdings in shares of Jack In The Box by 0.4% during the 1st quarter. Manning & Napier Advisors LLC now owns 376,343 shares of the restaurant operator’s stock worth $3,639,000 after acquiring an additional 1,677 shares during the period. Invesco Ltd. grew its holdings in shares of Jack In The Box by 36.2% during the 4th quarter. Invesco Ltd. now owns 144,495 shares of the restaurant operator’s stock worth $2,738,000 after acquiring an additional 38,408 shares during the period. Susquehanna Portfolio Strategies LLC grew its holdings in shares of Jack In The Box by 19.4% during the 4th quarter. Susquehanna Portfolio Strategies LLC now owns 107,267 shares of the restaurant operator’s stock worth $2,033,000 after acquiring an additional 17,411 shares during the period. Readystate Asset Management LP purchased a new position in shares of Jack In The Box during the 4th quarter worth approximately $4,268,000. Finally, Inspire Investing LLC purchased a new position in shares of Jack In The Box during the 4th quarter worth approximately $100,000. Hedge funds and other institutional investors own 99.79% of the company’s stock.

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.