Jack In The Box Inc. (NASDAQ:JACK) Receives Consensus Rating of “Hold” from Analysts

Jack In The Box Inc. (NASDAQ:JACK) has been assigned an average recommendation of “Hold” from the eighteen analysts that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $17.2188.

Several equities research analysts recently commented on JACK shares. Sanford C. Bernstein set a $15.00 price objective on shares of Jack In The Box in a research report on Thursday, May 14th. Barclays dropped their target price 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. Weiss Ratings restated a “sell (d)” rating on shares of Jack In The Box in a research report on Tuesday. The Goldman Sachs Group reduced their price target on shares of Jack In The Box from $17.00 to $12.00 and set a “sell” rating on the stock in a report on Friday, May 15th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $16.00 price target on shares of Jack In The Box in a research report on Thursday.

Jack In The Box Stock Performance

Shares of JACK stock opened at $17.03 on Friday. The stock has a fifty day moving average price of $15.12 and a 200 day moving average price of $14.59. The stock has a market cap of $324.76 million, a PE ratio of 9.84, a P/E/G ratio of 0.95 and a beta of 1.38. Jack In The Box has a 1 year low of $8.91 and a 1 year high of $23.86.

Jack In The Box (NASDAQ:JACK) last posted its earnings results on Wednesday, August 12th. The restaurant operator reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.08. Jack In The Box had a negative return on equity of 6.33% and a net margin of 2.84%.The company had revenue of $257.66 million for the quarter, compared to the consensus estimate of $264.60 million. During the same period in the previous year, the business earned $1.02 earnings per share. Jack In The Box’s quarterly revenue was down 22.6% compared to the same quarter last year. As a group, equities research analysts predict that Jack In The Box will post 3.22 earnings per share for the current year.

Insider Transactions at Jack In The Box

In related news, Director Guillermo Diaz, Jr. bought 5,962 shares of the stock in a transaction on Thursday, May 28th. The shares were purchased at an average price of $11.51 per share, for a total transaction of $68,622.62. Following the acquisition, the director owned 20,692 shares in the company, valued at $238,164.92. This represents a 40.48% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.40% of the company’s stock.

Institutional Trading of Jack In The Box

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Allworth Financial LP increased its position in Jack In The Box by 322.6% during the 4th quarter. Allworth Financial LP now owns 1,475 shares of the restaurant operator’s stock worth $28,000 after purchasing an additional 1,126 shares in the last quarter. US Bancorp DE raised its stake in Jack In The Box by 96.7% in the 3rd quarter. US Bancorp DE now owns 1,420 shares of the restaurant operator’s stock valued at $28,000 after purchasing an additional 698 shares during the last quarter. Legal & General Group Plc purchased a new position in Jack In The Box in the 2nd quarter valued at about $30,000. Northwestern Mutual Wealth Management Co. lifted its holdings in Jack In The Box by 3,604.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,852 shares of the restaurant operator’s stock valued at $35,000 after purchasing an additional 1,802 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in shares of Jack In The Box by 882.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 3,144 shares of the restaurant operator’s stock worth $62,000 after purchasing an additional 2,824 shares during the last quarter. 99.79% of the stock is currently owned by hedge funds and other institutional investors.

Jack In The Box Company Profile

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.