Jack In The Box Inc. (NASDAQ:JACK) Stock Has Average Target Price of $16.83

Shares of Jack In The Box Inc. (NASDAQ:JACK) have been assigned a consensus rating of “Reduce” from the seventeen ratings firms that are covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $16.83.

JACK has been the topic of several recent analyst reports. Weiss Ratings reissued a “sell (d)” rating on shares of Jack In The Box in a research note on Tuesday, August 11th. Morgan Stanley reduced their price target on Jack In The Box from $15.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 15th. Citigroup raised their price objective on Jack In The Box from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Thursday, August 13th. Wall Street Zen raised Jack In The Box from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $16.00 target price on shares of Jack In The Box in a research note on Thursday, August 13th.

Jack In The Box Stock Up 0.4%

JACK opened at $11.27 on Friday. The firm has a market cap of $216.15 million, a P/E ratio of 6.51 and a beta of 1.41. The business’s fifty day simple moving average is $13.86 and its 200 day simple moving average is $14.84. Jack In The Box has a 52 week low of $8.91 and a 52 week high of $23.86.

Jack In The Box (NASDAQ:JACK) last announced its earnings results on Wednesday, August 12th. The restaurant operator reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.08. The firm had revenue of $257.66 million during the quarter, compared to analyst estimates of $264.60 million. During the same period in the previous year, the firm posted $1.02 EPS. The company’s revenue for the quarter was down 22.6% compared to the same quarter last year. As a group, equities analysts expect that Jack In The Box will post 3.13 EPS for the current fiscal year.

Institutional Investors Weigh In On Jack In The Box

A number of institutional investors have recently bought and sold shares of the stock. Headlands Technologies LLC purchased a new position in Jack In The Box during the second quarter worth approximately $612,000. Nantahala Capital Management LLC acquired a new stake in shares of Jack In The Box during the 2nd quarter worth $27,330,099. Windward Management LP purchased a new position in shares of Jack In The Box in the 2nd quarter worth $2,883,807. Public Employees Retirement System of Ohio purchased a new position in shares of Jack In The Box in the 2nd quarter worth $48,000. Finally, Bank of America Corp DE purchased a new stake in Jack In The Box during the second quarter valued at about $18,409,000. 99.79% of the stock is currently owned by hedge funds and other institutional investors.

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.