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

Jack In The Box (NASDAQ:JACK) had its price objective reduced by equities researchers at Barclays from $23.00 to $15.00 in a report issued on Thursday,Benzinga reports. The firm currently has an “equal weight” rating on the restaurant operator’s stock. Barclays‘s price objective points to a potential upside of 37.99% from the company’s current price.

Other equities research analysts have also recently issued reports about the company. Morgan Stanley cut their target price on Jack In The Box from $19.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 21st. Piper Sandler increased their target price on Jack In The Box from $17.00 to $23.00 and gave the stock a “neutral” rating in a research note on Thursday, February 19th. Weiss Ratings reissued a “sell (e+)” rating on shares of Jack In The Box in a research note on Tuesday, April 21st. The Goldman Sachs Group increased their target price on Jack In The Box from $15.00 to $17.00 and gave the stock a “sell” rating in a research note on Wednesday, January 28th. Finally, TD Cowen cut their target price on Jack In The Box from $16.00 to $12.00 and set a “hold” rating on the stock in a research note on Tuesday, April 14th. Three investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Jack In The Box has a consensus rating of “Hold” and a consensus target price of $16.09.

Jack In The Box Trading Down 1.0%

JACK opened at $10.87 on Thursday. The stock has a fifty day simple moving average of $12.12 and a two-hundred day simple moving average of $16.65. The company has a market cap of $207.29 million, a price-to-earnings ratio of 5.88, a price-to-earnings-growth ratio of 0.62 and a beta of 1.45. Jack In The Box has a 12-month low of $8.91 and a 12-month high of $25.34.

Jack In The Box (NASDAQ:JACK) last posted its quarterly earnings data on Wednesday, May 13th. The restaurant operator reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. Jack In The Box had a negative return on equity of 6.34% and a net margin of 2.82%.The business had revenue of $254.26 million during the quarter, compared to the consensus estimate of $256.55 million. During the same quarter in the prior year, the company earned $1.20 earnings per share. The firm’s quarterly revenue was down 24.5% compared to the same quarter last year. On average, analysts predict that Jack In The Box will post 3.33 EPS for the current year.

Institutional Investors Weigh In On Jack In The Box

Institutional investors have recently modified their holdings of the business. US Bancorp DE boosted its position in shares of Jack In The Box by 96.7% during the third quarter. US Bancorp DE now owns 1,420 shares of the restaurant operator’s stock valued at $28,000 after buying an additional 698 shares during the last quarter. Allworth Financial LP boosted its position in shares of Jack In The Box by 322.6% during the fourth quarter. Allworth Financial LP now owns 1,475 shares of the restaurant operator’s stock valued at $28,000 after buying an additional 1,126 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Jack In The Box by 3,604.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,852 shares of the restaurant operator’s stock valued at $35,000 after buying an additional 1,802 shares during the last quarter. Quent Capital LLC purchased a new stake in shares of Jack In The Box during the third quarter valued at $42,000. Finally, Hantz Financial Services Inc. boosted its position in shares of Jack In The Box by 136.0% during the third quarter. Hantz Financial Services Inc. now owns 2,318 shares of the restaurant operator’s stock valued at $46,000 after buying an additional 1,336 shares during the last quarter. 99.79% of the stock is owned by hedge funds and other institutional investors.

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.