Jack In The Box (NASDAQ:JACK) Price Target Lowered to $15.00 at Barclays

Jack In The Box (NASDAQ:JACK) had its target price decreased by analysts at Barclays from $23.00 to $15.00 in a note issued to investors on Thursday,Benzinga reports. The firm presently has an “equal weight” rating on the restaurant operator’s stock. Barclays‘s price target points to a potential upside of 34.80% from the stock’s current price.

Several other research analysts have also recently commented on the stock. Sanford C. Bernstein set a $15.00 price target on shares of Jack In The Box in a report on Thursday. Zacks Research raised Jack In The Box from a “strong sell” rating to a “hold” rating in a report on Monday, January 19th. Citigroup reaffirmed a “neutral” rating on shares of Jack In The Box in a report on Thursday. The Goldman Sachs Group upped their price objective on Jack In The Box from $15.00 to $17.00 and gave the stock a “sell” rating in a research report on Wednesday, January 28th. Finally, Mizuho increased their price objective on Jack In The Box from $11.00 to $13.00 and gave the company a “neutral” rating in a report on Thursday. Four investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $20.82.

Jack In The Box Trading Down 13.0%

Shares of NASDAQ JACK opened at $11.13 on Thursday. The stock has a market cap of $211.88 million, a P/E ratio of -1.84, a PEG ratio of 0.76 and a beta of 1.45. The business’s fifty day simple moving average is $12.28 and its 200-day simple moving average is $16.74. Jack In The Box has a 12-month low of $8.91 and a 12-month high of $25.34.

Jack In The Box (NASDAQ:JACK) last issued its quarterly earnings results on Wednesday, May 13th. The restaurant operator reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.02. The company had revenue of $254.26 million for the quarter, compared to the consensus estimate of $256.55 million. Jack In The Box had a negative return on equity of 7.12% and a negative net margin of 8.69%.Jack In The Box’s revenue was down 24.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.20 EPS. On average, equities analysts forecast that Jack In The Box will post 3.36 EPS for the current fiscal year.

Institutional Investors Weigh In On Jack In The Box

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada grew its holdings in shares of Jack In The Box by 5.9% during the first quarter. Royal Bank of Canada now owns 12,035 shares of the restaurant operator’s stock worth $327,000 after purchasing an additional 671 shares during the last quarter. US Bancorp DE lifted its holdings in shares of Jack In The Box by 96.7% in 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 last quarter. Allworth Financial LP boosted its position in shares of Jack In The Box by 322.6% in the 4th quarter. Allworth Financial LP now owns 1,475 shares of the restaurant operator’s stock valued at $28,000 after purchasing an additional 1,126 shares during the period. Hantz Financial Services Inc. grew its stake in Jack In The Box by 136.0% during the 3rd quarter. Hantz Financial Services Inc. now owns 2,318 shares of the restaurant operator’s stock worth $46,000 after buying an additional 1,336 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its stake in Jack In The Box by 43.4% during the 4th quarter. Russell Investments Group Ltd. now owns 4,507 shares of the restaurant operator’s stock worth $85,000 after buying an additional 1,363 shares during the last quarter. 99.79% of the stock is owned by hedge funds and other 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.