Brokerages Set Jack In The Box Inc. (NASDAQ:JACK) Price Target at $21.65

Jack In The Box Inc. (NASDAQ:JACK) has been given a consensus rating of “Hold” by the eighteen analysts that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $21.1765.

Several research firms recently commented on JACK. The Goldman Sachs Group raised 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 lowered their target price on Jack In The Box from $16.00 to $12.00 and set a “hold” rating on the stock in a research report on Tuesday, April 14th. Zacks Research upgraded Jack In The Box from a “strong sell” rating to a “hold” rating in a research report on Monday, January 19th. Mizuho decreased their price target on Jack In The Box from $18.00 to $11.00 and set a “neutral” rating for the company in a research note on Thursday, April 2nd. Finally, Sanford C. Bernstein set a $23.00 price target on Jack In The Box in a research note on Thursday, February 19th.

Jack In The Box Price Performance

JACK opened at $13.87 on Friday. Jack In The Box has a 12 month low of $8.91 and a 12 month high of $29.40. The stock has a market cap of $264.08 million, a P/E ratio of -2.26, a P/E/G ratio of 0.76 and a beta of 1.45. The stock’s 50 day moving average price is $12.54 and its 200 day moving average price is $16.87.

Jack In The Box (NASDAQ:JACK) last posted its earnings results on Wednesday, February 18th. The restaurant operator reported $1.00 EPS for the quarter, missing the consensus estimate 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 business had revenue of $349.52 million during the quarter, compared to analyst estimates of $355.73 million. During the same quarter in the prior year, the business earned $1.86 earnings per share. The firm’s revenue was down 5.8% compared to the same quarter last year. Equities analysts anticipate that Jack In The Box will post 3.36 EPS for the current year.

Hedge Funds Weigh In On Jack In The Box

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Manning & Napier Advisors LLC boosted its stake in 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 valued at $3,639,000 after purchasing an additional 1,677 shares in the last quarter. Invesco Ltd. boosted its stake in Jack In The Box by 36.2% during the 4th quarter. Invesco Ltd. now owns 144,495 shares of the restaurant operator’s stock valued at $2,738,000 after purchasing an additional 38,408 shares in the last quarter. Susquehanna Portfolio Strategies LLC boosted its stake in 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 valued at $2,033,000 after purchasing an additional 17,411 shares in the last quarter. Readystate Asset Management LP bought a new stake in shares of Jack In The Box during the 4th quarter worth $4,268,000. Finally, Inspire Investing LLC bought a new stake in shares of Jack In The Box during the 4th quarter worth $100,000. 99.79% of the stock is owned by institutional investors.

About Jack In The Box

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.