Jack In The Box Inc. (NASDAQ:JACK) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued on Monday.

According to Zacks, “Jack in the Box’s Qdoba brand has been driving growth at the company over the past few quarters. However, of late, the company has been experiencing moderated comps growth at its namesake Jack in the Box restaurants due to increased competitive pressure. Even so, the company’s enhanced focus on franchising and rewarding its shareholders through share repurchases and dividends bode well. Also, various sales initiatives like regular menu innovation, increased marketing efforts, remodeling along with offering catering options should drive top-line growth. Meanwhile, the company has a mixed record of earnings surprises in the recent quarters. However, increased marketing initiatives might keep profits under pressure. The company’s fiscal Q4 comps guidance also raises concerns. Estimates too have been mostly going down ahead of its Q4 earnings release.”

Several other equities analysts also recently commented on the stock. Oppenheimer Holdings Inc. reissued an “outperform” rating and set a $97.00 target price on shares of Jack In The Box in a research report on Tuesday, August 2nd. Telsey Advisory Group lowered their target price on shares of Jack In The Box from $105.00 to $85.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 13th. TheStreet raised shares of Jack In The Box from a “hold” rating to a “buy” rating in a research report on Friday, August 12th. Vetr raised shares of Jack In The Box from a “hold” rating to a “buy” rating and set a $87.97 target price on the stock in a research report on Monday, June 27th. Finally, Robert W. Baird reissued an “outperform” rating and set a $120.00 target price (up from $105.00) on shares of Jack In The Box in a research report on Sunday, August 7th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the stock. Jack In The Box currently has a consensus rating of “Buy” and a consensus price target of $101.53.

Analyst Recommendations for Jack In The Box (NASDAQ:JACK)

Shares of Jack In The Box (NASDAQ:JACK) traded up 0.22% during mid-day trading on Monday, reaching $95.74. The company had a trading volume of 112,465 shares. Jack In The Box has a 52-week low of $61.78 and a 52-week high of $102.68. The company has a market capitalization of $3.13 billion, a PE ratio of 29.12 and a beta of 0.41. The company’s 50-day moving average price is $97.73 and its 200-day moving average price is $85.42.

Jack In The Box (NASDAQ:JACK) last posted its earnings results on Wednesday, August 3rd. The company reported $1.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.20. The firm had revenue of $368.94 million for the quarter, compared to the consensus estimate of $367.52 million. Jack In The Box had a net margin of 7.41% and a negative return on equity of 120.29%. The business’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.76 earnings per share. On average, analysts forecast that Jack In The Box will post $3.73 earnings per share for the current fiscal year.

In other Jack In The Box news, Director David Goebel sold 1,480 shares of the firm’s stock in a transaction dated Tuesday, September 6th. The shares were sold at an average price of $101.46, for a total transaction of $150,160.80. Following the completion of the transaction, the director now owns 23,377 shares in the company, valued at $2,371,830.42. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Keith M. Guilbault sold 1,925 shares of the firm’s stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $96.59, for a total transaction of $185,935.75. Following the transaction, the insider now owns 16,521 shares of the company’s stock, valued at approximately $1,595,763.39. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in JACK. Seven Eight Capital LLC raised its stake in Jack In The Box by 125.0% in the second quarter. Seven Eight Capital LLC now owns 1,800 shares of the company’s stock valued at $155,000 after buying an additional 1,000 shares during the last quarter. LS Investment Advisors LLC raised its stake in Jack In The Box by 58.9% in the second quarter. LS Investment Advisors LLC now owns 1,992 shares of the company’s stock valued at $171,000 after buying an additional 738 shares during the last quarter. Mount Lucas Management LP raised its stake in Jack In The Box by 10.8% in the first quarter. Mount Lucas Management LP now owns 3,208 shares of the company’s stock valued at $205,000 after buying an additional 312 shares during the last quarter. Capstone Asset Management Co. purchased a new stake in Jack In The Box during the second quarter valued at $224,000. Finally, Pacer Advisors Inc. purchased a new stake in Jack In The Box during the second quarter valued at $229,000. Hedge funds and other institutional investors own 98.44% of the company’s stock.

Jack In The Box Company Profile

Jack in the Box Inc is a restaurant company. The Company operates and franchises approximately 2,910 Jack in the Box quick-service restaurants (QSR) and Qdoba Mexican Eats fast-casual restaurants (Qdoba). Its segments are Jack in the Box and Qdoba Restaurant operations. It operates and franchises approximately 2,250 Jack in the Box restaurants, primarily in the western and southern United States, including one in Guam, over 660 Qdoba restaurants across the United States, and approximately four in Canada.

5 Day Chart for NASDAQ:JACK

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