Jack In The Box Inc. (NASDAQ:JACK) Receives $15.84 Consensus Price Target from Analysts

Jack In The Box Inc. (NASDAQ:JACK) has been assigned a consensus rating of “Hold” from the seventeen analysts that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $15.8438.

A number of equities research analysts have commented on JACK shares. Royal Bank Of Canada dropped their price objective on shares of 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. Citigroup dropped their price objective on shares of Jack In The Box from $15.00 to $14.00 and set a “neutral” rating on the stock in a research report on Thursday, May 14th. TD Cowen dropped their price objective on shares of Jack In The Box from $16.00 to $12.00 and set a “hold” rating on the stock in a research report on Tuesday, April 14th. Morgan Stanley dropped their price objective on shares of Jack In The Box from $19.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 21st. Finally, Wall Street Zen downgraded shares of Jack In The Box from a “hold” rating to a “sell” rating in a research report on Saturday.

Insider Activity at Jack In The Box

In related news, Director Guillermo Diaz, Jr. bought 5,962 shares of the stock in a transaction dated Thursday, May 28th. The stock was acquired at an average price of $11.51 per share, for a total transaction of $68,622.62. Following the acquisition, the director owned 20,692 shares in the company, valued at approximately $238,164.92. This represents a 40.48% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Bank of America Corp DE boosted its holdings in shares of Jack In The Box by 21.2% in the 1st quarter. Bank of America Corp DE now owns 622,779 shares of the restaurant operator’s stock valued at $6,022,000 after buying an additional 108,865 shares in the last quarter. Seven Six Capital Management LLC lifted its stake in shares of Jack In The Box by 53.0% in the first quarter. Seven Six Capital Management LLC now owns 181,150 shares of the restaurant operator’s stock valued at $1,752,000 after purchasing an additional 62,750 shares during the period. Quantinno Capital Management LP increased its holdings in Jack In The Box by 112.8% during the 1st quarter. Quantinno Capital Management LP now owns 80,678 shares of the restaurant operator’s stock valued at $780,000 after acquiring an additional 42,763 shares in the last quarter. Callodine Capital Management LP grew its holdings in shares of Jack In The Box by 3.5% during the first quarter. Callodine Capital Management LP now owns 1,760,470 shares of the restaurant operator’s stock worth $17,024,000 after buying an additional 59,966 shares in the last quarter. Finally, Bank of Nova Scotia purchased a new stake in Jack In The Box in the first quarter valued at approximately $102,000. Institutional investors and hedge funds own 99.79% of the company’s stock.

Jack In The Box Price Performance

NASDAQ:JACK opened at $13.48 on Tuesday. The firm has a market capitalization of $257.06 million, a price-to-earnings ratio of 7.29, a PEG ratio of 0.69 and a beta of 1.44. The company’s 50-day moving average is $11.79 and its two-hundred day moving average is $16.29. Jack In The Box has a 1-year low of $8.91 and a 1-year high of $25.34.

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