Jack In The Box Inc. (NASDAQ:JACK) Receives Consensus Recommendation of “Hold” from Brokerages

Jack In The Box Inc. (NASDAQ:JACK) has received an average recommendation of “Hold” from the seventeen ratings firms that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $15.8438.

JACK has been the topic of several research reports. Jefferies Financial Group set a $12.50 price target on Jack In The Box in a research report on Thursday, May 14th. Oppenheimer dropped their price target on Jack In The Box from $27.00 to $22.00 and set an “outperform” rating on the stock in a research report on Thursday, May 14th. Royal Bank Of Canada dropped their price target on Jack In The Box from $17.00 to $16.00 and set an “outperform” rating on the stock in a research report on Thursday, May 14th. Guggenheim lowered Jack In The Box from a “buy” rating to a “neutral” rating in a research report on Thursday, May 28th. Finally, Wall Street Zen lowered Jack In The Box from a “hold” rating to a “sell” rating in a research report on Saturday, May 30th.

Insider Buying and Selling at Jack In The Box

In other news, Director Guillermo Diaz, Jr. purchased 5,962 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The shares were bought at an average cost of $11.51 per share, for a total transaction of $68,622.62. Following the completion of the transaction, the director directly owned 20,692 shares of the company’s stock, valued at $238,164.92. This trade represents a 40.48% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Jack In The Box

Hedge funds have recently added to or reduced their stakes in the stock. Allworth Financial LP boosted its holdings in Jack In The Box by 322.6% in the fourth quarter. Allworth Financial LP now owns 1,475 shares of the restaurant operator’s stock worth $28,000 after acquiring an additional 1,126 shares in the last quarter. US Bancorp DE boosted its holdings in Jack In The Box by 96.7% in the third quarter. US Bancorp DE now owns 1,420 shares of the restaurant operator’s stock worth $28,000 after acquiring an additional 698 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Jack In The Box by 3,604.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,852 shares of the restaurant operator’s stock worth $35,000 after acquiring an additional 1,802 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in Jack In The Box by 882.5% in the third quarter. Russell Investments Group Ltd. now owns 3,144 shares of the restaurant operator’s stock worth $62,000 after acquiring an additional 2,824 shares in the last quarter. Finally, Inspire Investing LLC bought a new stake in Jack In The Box in the fourth quarter worth $100,000. 99.79% of the stock is owned by institutional investors.

Jack In The Box Stock Performance

Shares of JACK stock opened at $13.81 on Friday. The firm has a market cap of $263.41 million, a P/E ratio of 7.46, a P/E/G ratio of 0.71 and a beta of 1.44. Jack In The Box has a fifty-two week low of $8.91 and a fifty-two week high of $25.34. The business’s 50 day moving average price is $12.42 and its 200-day moving average price is $15.64.

Jack In The Box (NASDAQ:JACK) last issued its quarterly earnings data on Wednesday, May 13th. The restaurant operator reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. The firm had revenue of $254.26 million for the quarter, compared to analyst estimates of $256.55 million. Jack In The Box had a negative return on equity of 6.34% and a net margin of 2.82%.The business’s quarterly revenue was down 24.5% compared to the same quarter last year. During the same period last year, the company earned $1.20 EPS. As a group, equities analysts predict that Jack In The Box will post 3.41 EPS for the current year.

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.