Jack In The Box (NASDAQ:JACK) Price Target Cut to $11.00 by Analysts at Mizuho

Jack In The Box (NASDAQ:JACK) had its target price cut by Mizuho from $18.00 to $11.00 in a report published on Thursday,Benzinga reports. They currently have a neutral rating on the restaurant operator’s stock.

JACK has been the subject of several other reports. UBS Group upped their target price on Jack In The Box from $17.00 to $21.00 and gave the company a “neutral” rating in a report on Tuesday, January 6th. Wall Street Zen upgraded Jack In The Box from a “sell” rating to a “hold” rating in a report on Saturday, February 21st. The Goldman Sachs Group boosted their price target on shares of Jack In The Box from $15.00 to $17.00 and gave the company a “sell” rating in a research report on Wednesday, January 28th. Barclays upped their price objective on shares of Jack In The Box from $15.00 to $20.00 and gave the company an “equal weight” rating in a report on Wednesday, January 7th. Finally, Morgan Stanley reduced their target price on shares of Jack In The Box from $20.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 20th. Four analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Jack In The Box has a consensus rating of “Hold” and a consensus target price of $22.78.

Jack In The Box Trading Up 2.9%

JACK stock opened at $9.99 on Thursday. The firm has a 50-day moving average of $16.35 and a two-hundred day moving average of $17.97. Jack In The Box has a 12 month low of $8.91 and a 12 month high of $29.40. The company has a market cap of $190.21 million, a price-to-earnings ratio of -1.62, a PEG ratio of 0.54 and a beta of 1.32.

Jack In The Box (NASDAQ:JACK) last issued its earnings results on Wednesday, February 18th. The restaurant operator reported $1.00 earnings per share for the quarter, missing the consensus estimate of $1.10 by ($0.10). Jack In The Box had a negative return on equity of 7.12% and a negative net margin of 8.69%.The company had revenue of $349.52 million for the quarter, compared to analyst estimates of $355.73 million. During the same quarter in the prior year, the firm earned $1.86 earnings per share. The company’s revenue for the quarter was down 5.8% on a year-over-year basis. As a group, equities analysts forecast that Jack In The Box will post 5.33 earnings per share for the current year.

Insider Buying and Selling

In other Jack In The Box news, CEO Lance F. Tucker sold 3,150 shares of Jack In The Box stock in a transaction on Wednesday, January 28th. The stock was sold at an average price of $21.83, for a total value of $68,764.50. Following the sale, the chief executive officer owned 204,068 shares in the company, valued at $4,454,804.44. The trade was a 1.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.40% of the stock is owned by corporate insiders.

Institutional Trading of Jack In The Box

A number of hedge funds and other institutional investors have recently modified their holdings of JACK. Marshall Wace LLP raised its holdings in Jack In The Box by 192.9% in the 3rd quarter. Marshall Wace LLP now owns 744,141 shares of the restaurant operator’s stock valued at $14,712,000 after buying an additional 490,071 shares during the period. Windward Management LP purchased a new position in Jack In The Box during the fourth quarter worth about $7,394,000. Janus Henderson Group PLC acquired a new stake in shares of Jack In The Box during the fourth quarter valued at about $5,591,000. Nantahala Capital Management LLC raised its stake in shares of Jack In The Box by 44.3% in the 4th quarter. Nantahala Capital Management LLC now owns 865,990 shares of the restaurant operator’s stock valued at $16,411,000 after acquiring an additional 265,990 shares during the period. Finally, Readystate Asset Management LP purchased a new stake in shares of Jack In The Box in the 4th quarter valued at approximately $4,268,000. 99.79% of the stock is owned by institutional investors and hedge funds.

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.