Jack In The Box (NASDAQ:JACK) Price Target Cut to $12.00 by Analysts at TD Cowen

Jack In The Box (NASDAQ:JACK) had its target price dropped by TD Cowen from $16.00 to $12.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a “hold” rating on the restaurant operator’s stock. TD Cowen’s price objective would suggest a potential upside of 5.45% from the company’s previous close.

A number of other research firms also recently weighed in on JACK. UBS Group raised their target price on shares of Jack In The Box from $17.00 to $21.00 and gave the company a “neutral” rating in a research report on Tuesday, January 6th. Truist Financial raised their target price on shares of Jack In The Box from $16.00 to $18.00 and gave the company a “hold” rating in a research report on Thursday, January 8th. The Goldman Sachs Group raised their target price 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. Wall Street Zen raised shares of Jack In The Box from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Jack In The Box in a research report on Thursday, January 22nd. Four research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $22.41.

Jack In The Box Trading Down 0.6%

Jack In The Box stock opened at $11.38 on Tuesday. The company has a market cap of $216.68 million, a P/E ratio of -1.85, a price-to-earnings-growth ratio of 0.63 and a beta of 1.32. Jack In The Box has a 1-year low of $8.91 and a 1-year high of $29.40. The company has a fifty day simple moving average of $14.95 and a 200 day simple moving average of $17.56.

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

Insider Activity at Jack In The Box

In other news, CEO Lance F. Tucker sold 3,150 shares of Jack In The Box stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of $21.83, for a total value of $68,764.50. Following the completion of the transaction, the chief executive officer owned 204,068 shares of the company’s stock, valued at $4,454,804.44. This trade represents a 1.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of JACK. Royal Bank of Canada grew its position in shares of Jack In The Box by 5.9% in the 1st quarter. Royal Bank of Canada now owns 12,035 shares of the restaurant operator’s stock valued at $327,000 after acquiring an additional 671 shares during the period. Cubist Systematic Strategies LLC boosted its holdings in shares of Jack In The Box by 206.6% during the 1st quarter. Cubist Systematic Strategies LLC now owns 5,967 shares of the restaurant operator’s stock worth $162,000 after buying an additional 11,567 shares during the period. Woodline Partners LP boosted its holdings in shares of Jack In The Box by 63.8% during the 1st quarter. Woodline Partners LP now owns 167,184 shares of the restaurant operator’s stock worth $4,546,000 after buying an additional 65,142 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Jack In The Box by 165.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,341 shares of the restaurant operator’s stock worth $27,000 after buying an additional 836 shares during the period. Finally, Farther Finance Advisors LLC bought a new stake in shares of Jack In The Box during the 3rd quarter worth about $65,000. Institutional investors own 99.79% of the company’s stock.

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.