Jack in the Box’s (JACK) Hold Rating Reaffirmed at TD Securities

Jack in the Box (NASDAQ:JACK)‘s stock had its “hold” rating reaffirmed by equities research analysts at TD Securities in a report issued on Thursday,Benzinga reports. They presently have a $31.00 price target on the restaurant operator’s stock. TD Securities’ target price indicates a potential upside of 20.76% from the stock’s current price.

Several other brokerages have also weighed in on JACK. StockNews.com upgraded Jack in the Box from a “sell” rating to a “hold” rating in a research report on Thursday, February 27th. Sanford C. Bernstein set a $24.00 price target on shares of Jack in the Box in a research report on Tuesday, April 22nd. Morgan Stanley decreased their price objective on shares of Jack in the Box from $53.00 to $45.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. Robert W. Baird dropped their target price on shares of Jack in the Box from $34.00 to $25.00 and set a “neutral” rating for the company in a report on Monday, April 7th. Finally, Guggenheim restated a “buy” rating and set a $55.00 price target on shares of Jack in the Box in a research report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Jack in the Box has an average rating of “Hold” and an average target price of $44.00.

Jack in the Box Stock Down 1.5%

NASDAQ JACK opened at $25.67 on Thursday. The business’s fifty day simple moving average is $27.13 and its 200-day simple moving average is $37.25. The firm has a market cap of $484.08 million, a PE ratio of -13.16, a P/E/G ratio of 1.29 and a beta of 1.35. Jack in the Box has a 52 week low of $22.01 and a 52 week high of $60.73.

Jack in the Box (NASDAQ:JACK) last released its quarterly earnings data on Wednesday, May 14th. The restaurant operator reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.07. The firm had revenue of $336.70 million during the quarter, compared to analysts’ expectations of $345.81 million. Jack in the Box had a negative net margin of 2.34% and a negative return on equity of 15.79%. Jack in the Box’s revenue was down 7.8% compared to the same quarter last year. During the same period last year, the business earned $1.46 earnings per share. Research analysts expect that Jack in the Box will post 5.33 EPS for the current year.

Institutional Trading of Jack in the Box

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC grew its position in shares of Jack in the Box by 70.9% in the 3rd quarter. Barclays PLC now owns 216,117 shares of the restaurant operator’s stock valued at $10,060,000 after buying an additional 89,649 shares during the last quarter. SG Americas Securities LLC boosted its stake in Jack in the Box by 188.5% in the fourth quarter. SG Americas Securities LLC now owns 11,484 shares of the restaurant operator’s stock valued at $478,000 after acquiring an additional 7,504 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Jack in the Box by 53.5% during the fourth quarter. Janney Montgomery Scott LLC now owns 13,873 shares of the restaurant operator’s stock worth $578,000 after purchasing an additional 4,838 shares during the last quarter. Inspire Investing LLC increased its position in shares of Jack in the Box by 10.2% during the fourth quarter. Inspire Investing LLC now owns 10,688 shares of the restaurant operator’s stock worth $445,000 after purchasing an additional 993 shares in the last quarter. Finally, KBC Group NV boosted its position in shares of Jack in the Box by 99.5% in the 4th quarter. KBC Group NV now owns 1,235 shares of the restaurant operator’s stock valued at $51,000 after purchasing an additional 616 shares during the period. Institutional investors and hedge funds own 99.79% of the company’s stock.

About Jack in the Box

Jack in the Box Inc operates and franchises Jack in the Box and Del Taco quick-service restaurants in the United States. The company was founded in 1951 and is headquartered in San Diego, California.