Jack In The Box (NASDAQ:JACK) Stock Price Expected to Rise, Mizuho Analyst Says

Jack In The Box (NASDAQ:JACK) had its price target hoisted by stock analysts at Mizuho from $11.00 to $13.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the restaurant operator’s stock. Mizuho’s price objective suggests a potential upside of 1.64% from the stock’s current price.

A number of other research firms have also issued reports on JACK. Sanford C. Bernstein set a $15.00 price target on shares of Jack In The Box in a research report on Thursday. The Goldman Sachs Group increased their price objective on shares of 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. Zacks Research raised shares of Jack In The Box from a “strong sell” rating to a “hold” rating in a report on Monday, January 19th. Royal Bank Of Canada decreased their target price on shares of Jack In The Box from $25.00 to $17.00 and set an “outperform” rating for the company in a research report on Friday, May 1st. Finally, Morgan Stanley lowered their price target on shares of Jack In The Box from $19.00 to $15.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 21st. Four research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $21.12.

Jack In The Box Trading Down 5.7%

NASDAQ:JACK opened at $12.79 on Thursday. The firm has a fifty day simple moving average of $12.28 and a 200-day simple moving average of $16.74. The company has a market capitalization of $243.52 million, a P/E ratio of -2.08, a PEG ratio of 0.76 and a beta of 1.45. Jack In The Box has a 12 month low of $8.91 and a 12 month high of $25.95.

Jack In The Box (NASDAQ:JACK) last announced its quarterly earnings data on Wednesday, May 13th. The restaurant operator reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. Jack In The Box had a negative return on equity of 7.12% and a negative net margin of 8.69%.The business had revenue of $254.26 million for the quarter, compared to analyst estimates of $256.55 million. During the same period in the prior year, the company earned $1.20 earnings per share. The company’s revenue was down 24.5% on a year-over-year basis. Equities analysts forecast that Jack In The Box will post 3.36 EPS for the current year.

Institutional Investors Weigh In On Jack In The Box

Institutional investors have recently added to or reduced their stakes in the stock. Allworth Financial LP lifted its stake in Jack In The Box by 322.6% in 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 increased its holdings in shares of Jack In The Box by 96.7% in the third 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. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Jack In The Box by 3,604.0% in the fourth 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 during the last quarter. Quent Capital LLC purchased a new position in Jack In The Box during the third quarter worth approximately $42,000. Finally, Hantz Financial Services Inc. boosted its stake in 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 worth $46,000 after buying an additional 1,336 shares during 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 (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.