TD Securities Reaffirms “Hold” Rating for Jack in the Box (NASDAQ:JACK)

Jack in the Box (NASDAQ:JACK)‘s stock had its “hold” rating reissued by stock analysts at TD Securities in a research note issued on Wednesday,Benzinga reports. They currently have a $42.00 price objective on the restaurant operator’s stock. TD Securities’ target price indicates a potential upside of 23.71% from the stock’s current price.

A number of other equities analysts have also weighed in on the company. Guggenheim lowered their price objective on Jack in the Box from $95.00 to $60.00 and set a “buy” rating on the stock in a research note on Wednesday, November 20th. Oppenheimer lowered their price target on shares of Jack in the Box from $60.00 to $52.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. Royal Bank of Canada reissued an “outperform” rating and issued a $55.00 price objective on shares of Jack in the Box in a report on Thursday, January 16th. Morgan Stanley reduced their target price on shares of Jack in the Box from $53.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 21st. Finally, Piper Sandler dropped their price target on shares of Jack in the Box from $56.00 to $53.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Jack in the Box currently has an average rating of “Hold” and an average target price of $50.88.

Jack in the Box Stock Down 7.7 %

Jack in the Box stock opened at $33.95 on Wednesday. The company has a fifty day simple moving average of $39.60 and a 200-day simple moving average of $44.61. The firm has a market capitalization of $640.16 million, a price-to-earnings ratio of -17.41, a PEG ratio of 1.29 and a beta of 1.94. Jack in the Box has a 52-week low of $32.69 and a 52-week high of $76.56.

Jack in the Box (NASDAQ:JACK) last released its quarterly earnings data on Tuesday, February 25th. The restaurant operator reported $1.92 EPS for the quarter, beating analysts’ consensus estimates of $1.71 by $0.21. The company had revenue of $469.44 million during the quarter, compared to the consensus estimate of $470.47 million. Jack in the Box had a negative net margin of 2.34% and a negative return on equity of 15.79%. On average, research analysts anticipate that Jack in the Box will post 5.33 EPS for the current fiscal year.

Insider Activity at Jack in the Box

In other news, SVP Sarah L. Super sold 1,688 shares of the stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $40.52, for a total transaction of $68,397.76. Following the sale, the senior vice president now owns 16,815 shares of the company’s stock, valued at approximately $681,343.80. This represents a 9.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 2,190 shares of company stock worth $92,961 in the last three months. 1.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Quadrant Capital Group LLC boosted its stake in shares of Jack in the Box by 96.7% in the 4th quarter. Quadrant Capital Group LLC now owns 899 shares of the restaurant operator’s stock valued at $37,000 after buying an additional 442 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in shares of Jack in the Box in the 4th quarter valued at approximately $40,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of Jack in the Box in the 3rd quarter valued at approximately $41,000. GAMMA Investing LLC raised its holdings in shares of Jack in the Box by 229.7% in the 4th quarter. GAMMA Investing LLC now owns 1,055 shares of the restaurant operator’s stock valued at $44,000 after purchasing an additional 735 shares in the last quarter. Finally, KBC Group NV raised its stake in Jack in the Box by 99.5% in the fourth quarter. KBC Group NV now owns 1,235 shares of the restaurant operator’s stock valued at $51,000 after buying an additional 616 shares in the last quarter. Institutional investors and hedge funds own 99.79% of the company’s stock.

About Jack in the Box

Jack in the Box Inc operates and franchises Jack in the Box and Del Taco quick-service restaurants in the United States. The company was founded in 1951 and is headquartered in San Diego, California.