Jack In The Box (NASDAQ:JACK) Raised to “Hold” at Wall Street Zen

Jack In The Box (NASDAQ:JACK) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday.

A number of other equities research analysts have also recently commented on the stock. Truist Financial decreased their target price on shares of Jack In The Box from $19.00 to $16.00 and set a “hold” rating on the stock in a research note on Thursday, November 20th. Weiss Ratings restated a “sell (e+)” rating on shares of Jack In The Box in a research report on Wednesday, October 8th. The Goldman Sachs Group dropped their target price on shares of Jack In The Box from $17.00 to $15.00 and set a “sell” rating for the company in a report on Thursday, November 20th. Morgan Stanley set a $20.00 price target on Jack In The Box in a research note on Tuesday, October 21st. Finally, Northcoast Research upgraded Jack In The Box from a “sell” rating to a “neutral” rating in a research report on Friday, November 21st. Five equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $24.33.

Jack In The Box Price Performance

NASDAQ:JACK opened at $18.72 on Friday. Jack In The Box has a one year low of $13.99 and a one year high of $44.15. The business has a fifty day moving average price of $17.98 and a 200-day moving average price of $18.90. The firm has a market capitalization of $353.81 million, a price-to-earnings ratio of -4.38, a price-to-earnings-growth ratio of 0.94 and a beta of 1.13.

Jack In The Box (NASDAQ:JACK) last released its quarterly earnings results on Wednesday, November 19th. The restaurant operator reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.16). Jack In The Box had a negative net margin of 5.51% and a negative return on equity of 9.23%. The company had revenue of $326.19 million for the quarter, compared to the consensus estimate of $324.23 million. During the same period in the prior year, the firm posted $1.16 EPS. The business’s revenue for the quarter was down 6.6% on a year-over-year basis. On average, equities research analysts expect that Jack In The Box will post 5.33 earnings per share for the current fiscal year.

Insider Transactions at Jack In The Box

In other news, EVP Sarah L. Super sold 2,114 shares of the company’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $19.08, for a total transaction of $40,335.12. Following the sale, the executive vice president directly owned 32,640 shares of the company’s stock, valued at $622,771.20. This represents a 6.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Steven Piano sold 1,491 shares of the firm’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $19.08, for a total transaction of $28,448.28. Following the completion of the transaction, the senior vice president directly owned 27,053 shares of the company’s stock, valued at approximately $516,171.24. This trade represents a 5.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 9,466 shares of company stock valued at $181,110. 1.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Jack In The Box

A number of hedge funds have recently bought and sold shares of JACK. GAMMA Investing LLC grew its stake in shares of Jack In The Box by 165.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,341 shares of the restaurant operator’s stock worth $27,000 after buying an additional 836 shares in the last quarter. US Bancorp DE grew its position in Jack In The Box by 96.7% in the third quarter. US Bancorp DE now owns 1,420 shares of the restaurant operator’s stock worth $28,000 after acquiring an additional 698 shares in the last quarter. Quent Capital LLC purchased a new position in Jack In The Box in the third quarter worth about $42,000. Hantz Financial Services Inc. lifted its stake in shares of Jack In The Box by 136.0% in 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 last quarter. Finally, Russell Investments Group Ltd. increased its position in 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 valued at $62,000 after acquiring an additional 2,824 shares during the last quarter. Hedge funds and other institutional investors own 99.79% of the company’s stock.

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.