Jack In The Box Inc. (NASDAQ:JACK) Stock Now Rated “Hold” by Wall Street Analysts

Shares of Jack In The Box Inc. (NASDAQ:JACK) have received an average recommendation of “Hold” from the eighteen research firms that are currently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $17.22.

JACK has been the subject of several analyst reports. UBS Group boosted their target price on shares of Jack In The Box from $14.00 to $20.00 and gave the company a “neutral” rating in a research note on Thursday, August 13th. Zacks Research lowered shares of Jack In The Box from a “hold” rating to a “strong sell” rating in a research report on Monday, September 28th. Wall Street Zen upgraded shares of Jack In The Box from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Weiss Ratings reissued a “sell (d)” rating on shares of Jack In The Box in a research note on Tuesday, August 11th. Finally, Royal Bank Of Canada raised their target price on Jack In The Box from $16.00 to $22.00 and gave the company an “outperform” rating in a research report on Thursday, August 13th.

Jack In The Box Stock Down 1.7%

Jack In The Box stock opened at $12.45 on Monday. The business’s 50-day moving average price is $15.64 and its 200 day moving average price is $13.74. The firm has a market cap of $238.79 million, a price-to-earnings ratio of 7.20, a price-to-earnings-growth ratio of 0.77 and a beta of 1.41. Jack In The Box has a 52 week low of $8.91 and a 52 week high of $23.86.

Jack In The Box (NASDAQ:JACK) last announced its quarterly earnings results on Wednesday, August 12th. The restaurant operator reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.08. The company had revenue of $257.66 million during the quarter, compared to the consensus estimate of $264.60 million. Jack In The Box had a negative return on equity of 6.33% and a net margin of 2.84%.Jack In The Box’s revenue for the quarter was down 22.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.02 earnings per share. Equities analysts expect that Jack In The Box will post 3.15 EPS for the current year.

Hedge Funds Weigh In On Jack In The Box

A number of hedge funds have recently bought and sold shares of JACK. Legal & General Group Plc acquired a new stake in Jack In The Box in the second quarter valued at approximately $30,000. Public Employees Retirement System of Ohio acquired a new position in shares of Jack In The Box during the 2nd quarter worth approximately $48,000. Versant Capital Management Inc lifted its position in shares of Jack In The Box by 106.7% during the 2nd quarter. Versant Capital Management Inc now owns 6,107 shares of the restaurant operator’s stock valued at $97,000 after buying an additional 3,152 shares in the last quarter. Bank of Nova Scotia purchased a new position in shares of Jack In The Box during the 1st quarter valued at approximately $102,000. Finally, Cetera Investment Advisers grew its stake in Jack In The Box by 8.6% in the 1st quarter. Cetera Investment Advisers now owns 25,027 shares of the restaurant operator’s stock valued at $242,000 after acquiring an additional 1,987 shares during the period. Hedge funds and other institutional investors own 99.79% of the company’s stock.

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.