Mizuho Lowers Jack In The Box (NASDAQ:JACK) Price Target to $11.00

Jack In The Box (NASDAQ:JACK) had its target price dropped by investment analysts at Mizuho from $18.00 to $11.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the restaurant operator’s stock. Mizuho’s price objective suggests a potential upside of 13.29% from the stock’s previous close.

JACK has been the subject of a number of other research reports. Morgan Stanley dropped their target price on Jack In The Box from $20.00 to $19.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 20th. Royal Bank Of Canada reiterated an “outperform” rating and set a $25.00 price target on shares of Jack In The Box in a research report on Tuesday, December 9th. Truist Financial boosted their price objective on shares of Jack In The Box from $16.00 to $18.00 and gave the stock a “hold” rating in a report on Thursday, January 8th. The Goldman Sachs Group upped their price objective on shares of Jack In The Box from $15.00 to $17.00 and gave the company a “sell” rating in a research note on Wednesday, January 28th. Finally, Zacks Research raised shares of Jack In The Box from a “strong sell” rating to a “hold” rating in a report on Monday, January 19th. Four analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $22.78.

Jack In The Box Stock Up 0.4%

JACK opened at $9.71 on Thursday. The business’s fifty day simple moving average is $16.58 and its 200 day simple moving average is $18.02. Jack In The Box has a 52 week low of $8.91 and a 52 week high of $29.40. The stock has a market cap of $184.84 million, a PE ratio of -1.58, a P/E/G ratio of 0.50 and a beta of 1.32.

Jack In The Box (NASDAQ:JACK) last issued its quarterly earnings results on Wednesday, February 18th. The restaurant operator reported $1.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.10 by ($0.10). Jack In The Box had a negative return on equity of 7.12% and a negative net margin of 8.69%.The firm had revenue of $349.52 million for the quarter, compared to the consensus estimate of $355.73 million. During the same period last year, the firm earned $1.86 EPS. The company’s revenue for the quarter was down 5.8% on a year-over-year basis. As a group, equities analysts anticipate that Jack In The Box will post 5.33 earnings per share for the current year.

Insider Activity at Jack In The Box

In related news, CEO Lance F. Tucker sold 3,150 shares of the company’s stock in a transaction that occurred on Wednesday, January 28th. The stock was sold at an average price of $21.83, for a total transaction of $68,764.50. Following the completion of the transaction, the chief executive officer owned 204,068 shares in the company, valued at $4,454,804.44. This represents a 1.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.40% of the stock is currently owned by corporate insiders.

Institutional Trading of Jack In The Box

Large investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada increased its position in Jack In The Box by 5.9% during the 1st quarter. Royal Bank of Canada now owns 12,035 shares of the restaurant operator’s stock valued at $327,000 after purchasing an additional 671 shares during the period. US Bancorp DE lifted its position 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 worth $28,000 after purchasing an additional 698 shares during the period. GAMMA Investing LLC boosted its stake in shares of Jack In The Box by 165.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,341 shares of the restaurant operator’s stock valued at $27,000 after purchasing an additional 836 shares in the last quarter. Allworth Financial LP boosted its stake in shares of Jack In The Box by 322.6% during 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 in the last quarter. Finally, Hantz Financial Services Inc. increased its position in shares of Jack In The Box by 136.0% during the third quarter. Hantz Financial Services Inc. now owns 2,318 shares of the restaurant operator’s stock valued at $46,000 after buying an additional 1,336 shares during the period. Institutional investors own 99.79% of the company’s stock.

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.