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

Jack In The Box Inc. (NASDAQ:JACK) has been given an average rating of “Hold” by the eighteen brokerages that are presently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $17.2188.

JACK has been the subject of several analyst reports. Oppenheimer lowered their price objective on Jack In The Box from $27.00 to $22.00 and set an “outperform” rating for the company in a research report on Thursday, May 14th. Citigroup upped their price target on Jack In The Box from $17.00 to $20.00 and gave the company a “neutral” rating in a research note on Thursday, August 13th. Stifel Nicolaus upped their price target on Jack In The Box from $10.00 to $15.00 and gave the company a “hold” rating in a research note on Thursday, May 14th. Weiss Ratings reiterated a “sell (d)” rating on shares of Jack In The Box in a report on Tuesday, August 11th. Finally, Jefferies Financial Group set a $12.50 price objective on Jack In The Box in a research report on Thursday, May 14th.

Institutional Investors Weigh In On Jack In The Box

Institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada raised its stake in shares of Jack In The Box by 5.9% in the 1st quarter. Royal Bank of Canada now owns 12,035 shares of the restaurant operator’s stock valued at $327,000 after acquiring an additional 671 shares during the period. Cubist Systematic Strategies LLC boosted its position in shares of Jack In The Box by 206.6% during the 1st quarter. Cubist Systematic Strategies LLC now owns 5,967 shares of the restaurant operator’s stock worth $162,000 after purchasing an additional 11,567 shares during the period. Woodline Partners LP increased its holdings in Jack In The Box by 63.8% in the 1st quarter. Woodline Partners LP now owns 167,184 shares of the restaurant operator’s stock valued at $4,546,000 after purchasing an additional 65,142 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Jack In The Box by 45.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 389,327 shares of the restaurant operator’s stock valued at $7,697,000 after purchasing an additional 121,752 shares during the last quarter. Finally, US Bancorp DE raised its position 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 valued at $28,000 after purchasing an additional 698 shares during the period. 99.79% of the stock is currently owned by institutional investors and hedge funds.

Jack In The Box Price Performance

NASDAQ:JACK opened at $14.78 on Thursday. The firm has a market capitalization of $283.48 million, a price-to-earnings ratio of 8.54, a PEG ratio of 0.91 and a beta of 1.38. The company’s 50-day moving average is $16.23 and its two-hundred day moving average is $13.94. Jack In The Box has a 1-year low of $8.91 and a 1-year high of $23.86.

Jack In The Box (NASDAQ:JACK) last announced its quarterly earnings results on Wednesday, August 12th. The restaurant operator reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.08. The business had revenue of $257.66 million during the quarter, compared to the consensus estimate of $264.60 million. Jack In The Box had a net margin of 2.84% and a negative return on equity of 6.33%. The business’s revenue was down 22.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.02 EPS. As a group, equities analysts anticipate that Jack In The Box will post 3.14 earnings per share for the current fiscal year.

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.