Stifel Nicolaus Issues Pessimistic Forecast for Jack In The Box (NASDAQ:JACK) Stock Price

Jack In The Box (NASDAQ:JACK) had its price target decreased by equities researchers at Stifel Nicolaus from $20.00 to $18.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a “hold” rating on the restaurant operator’s stock. Stifel Nicolaus’ price objective suggests a potential upside of 25.17% from the company’s current price.

JACK has been the topic of several other reports. Oppenheimer lowered their price target on Jack In The Box from $44.00 to $28.00 and set an “outperform” rating on the stock in a research report on Thursday, August 7th. UBS Group decreased their target price on Jack In The Box from $20.00 to $17.00 and set a “neutral” rating for the company in a research note on Monday. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Jack In The Box in a report on Wednesday, October 8th. Mizuho raised shares of Jack In The Box to a “hold” rating in a report on Tuesday, October 28th. Finally, TD Cowen reduced their price objective on shares of Jack In The Box from $21.00 to $16.00 and set a “hold” rating for the company in a research report on Thursday. Five investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $26.68.

Jack In The Box Trading Up 0.9%

Shares of NASDAQ:JACK opened at $14.38 on Thursday. The company has a 50 day moving average of $17.71 and a 200-day moving average of $19.48. The firm has a market cap of $271.54 million, a P/E ratio of -4.17 and a beta of 1.20. Jack In The Box has a twelve month low of $13.99 and a twelve month high of $50.45.

Jack In The Box (NASDAQ:JACK) last posted its quarterly earnings data on Wednesday, November 19th. The restaurant operator reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.16). Jack In The Box had a negative net margin of 4.34% and a negative return on equity of 11.31%. The company had revenue of $326.19 million for the quarter, compared to analyst estimates of $324.23 million. During the same quarter in the prior year, the business earned $1.16 EPS. Jack In The Box’s revenue was down 6.6% compared to the same quarter last year. Equities research analysts forecast that Jack In The Box will post 5.33 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in JACK. Royal Bank of Canada raised its holdings in shares of Jack In The Box by 5.9% during the first quarter. Royal Bank of Canada now owns 12,035 shares of the restaurant operator’s stock valued at $327,000 after acquiring an additional 671 shares during the period. US Bancorp DE grew its position in Jack In The Box by 96.7% during 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 in the last quarter. GAMMA Investing LLC grew its position in 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 worth $27,000 after purchasing an additional 836 shares in the last quarter. Hantz Financial Services Inc. raised its stake in Jack In The Box by 136.0% during the 3rd quarter. Hantz Financial Services Inc. now owns 2,318 shares of the restaurant operator’s stock valued at $46,000 after purchasing an additional 1,336 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Jack In The Box by 21.7% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,122 shares of the restaurant operator’s stock valued at $221,000 after purchasing an additional 1,449 shares during the period. 99.79% of the stock is owned by hedge funds and other institutional investors.

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.