Jack In The Box Inc. (NASDAQ:JACK) Given Average Rating of “Hold” by Brokerages

Jack In The Box Inc. (NASDAQ:JACK) has received an average recommendation of “Hold” from the seventeen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $15.8438.

JACK has been the topic of a number of recent analyst reports. Morgan Stanley cut their price objective on Jack In The Box from $19.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 21st. TD Cowen decreased their price objective on shares of Jack In The Box from $16.00 to $12.00 and set a “hold” rating for the company in a report on Tuesday, April 14th. Barclays decreased their price objective on shares of Jack In The Box from $23.00 to $15.00 and set an “equal weight” rating for the company in a report on Thursday, May 14th. Jefferies Financial Group set a $12.50 price objective on shares of Jack In The Box in a report on Thursday, May 14th. Finally, Wall Street Zen downgraded shares of Jack In The Box from a “hold” rating to a “sell” rating in a report on Saturday, May 30th.

Insider Activity

In other news, Director Guillermo Diaz, Jr. acquired 5,962 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The stock was acquired at an average cost of $11.51 per share, with a total value 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of JACK. Allworth Financial LP lifted its holdings in shares of Jack In The Box by 322.6% during the fourth quarter. Allworth Financial LP now owns 1,475 shares of the restaurant operator’s stock worth $28,000 after buying an additional 1,126 shares during the last quarter. US Bancorp DE lifted its holdings in shares of Jack In The Box by 96.7% during the third quarter. US Bancorp DE now owns 1,420 shares of the restaurant operator’s stock worth $28,000 after buying an additional 698 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Jack In The Box by 3,604.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,852 shares of the restaurant operator’s stock worth $35,000 after buying an additional 1,802 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Jack In The Box by 882.5% during the third quarter. Russell Investments Group Ltd. now owns 3,144 shares of the restaurant operator’s stock worth $62,000 after buying an additional 2,824 shares during the last quarter. Finally, Inspire Investing LLC acquired a new position in shares of Jack In The Box during the fourth quarter worth approximately $100,000. 99.79% of the stock is currently owned by institutional investors and hedge funds.

Jack In The Box Price Performance

Shares of Jack In The Box stock opened at $13.35 on Friday. The firm has a market cap of $254.58 million, a price-to-earnings ratio of 7.22, a P/E/G ratio of 0.64 and a beta of 1.44. Jack In The Box has a 52-week low of $8.91 and a 52-week high of $25.34. The stock has a 50-day simple moving average of $12.36 and a 200-day simple moving average of $15.69.

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