Jack In The Box (NASDAQ:JACK) Price Target Lowered to $16.00 at Truist Financial

Jack In The Box (NASDAQ:JACK) had its price target decreased by investment analysts at Truist Financial from $19.00 to $16.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has a “hold” rating on the restaurant operator’s stock. Truist Financial’s price objective suggests a potential upside of 11.27% from the stock’s previous close.

A number of other brokerages also recently issued reports on JACK. Mizuho upgraded shares of Jack In The Box to a “hold” rating in a report on Tuesday, October 28th. Zacks Research raised Jack In The Box from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 7th. Bank of America assumed coverage on Jack In The Box in a research note on Monday, October 13th. They issued a “buy” rating and a $22.00 price target on the stock. Stifel Nicolaus cut their price objective on Jack In The Box from $20.00 to $18.00 and set a “hold” rating for the company in a research report on Thursday. Finally, TD Cowen decreased their target price on shares of Jack In The Box from $21.00 to $16.00 and set a “hold” rating on the stock in a research report on Thursday. Five investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $26.68.

Jack In The Box Trading Up 0.9%

Shares of JACK stock opened at $14.38 on Thursday. The company’s 50-day moving average price is $17.71 and its 200-day moving average price is $19.48. The stock has a market cap of $271.54 million, a price-to-earnings ratio of -4.17 and a beta of 1.20. Jack In The Box has a twelve month low of $13.99 and a twelve month high of $50.45.

Jack In The Box (NASDAQ:JACK) last released its quarterly earnings data on Wednesday, November 19th. The restaurant operator reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.16). Jack In The Box had a negative return on equity of 11.31% and a negative net margin of 4.34%.The firm had revenue of $326.19 million for the quarter, compared to analyst estimates of $324.23 million. During the same quarter in the previous year, the business posted $1.16 earnings per share. Jack In The Box’s revenue for the quarter was down 6.6% on a year-over-year basis. As a group, equities research analysts predict that Jack In The Box will post 5.33 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. XTX Topco Ltd boosted its stake in shares of Jack In The Box by 22.5% in the 3rd quarter. XTX Topco Ltd now owns 54,162 shares of the restaurant operator’s stock valued at $1,071,000 after buying an additional 9,933 shares during the period. Millennium Management LLC raised its holdings in Jack In The Box by 535.1% in the third quarter. Millennium Management LLC now owns 152,138 shares of the restaurant operator’s stock valued at $3,008,000 after acquiring an additional 128,182 shares in the last quarter. Earnest Partners LLC raised its holdings in Jack In The Box by 5.9% in the third quarter. Earnest Partners LLC now owns 312,842 shares of the restaurant operator’s stock valued at $6,185,000 after acquiring an additional 17,300 shares in the last quarter. Brevan Howard Capital Management LP lifted its stake in Jack In The Box by 38.8% in the third quarter. Brevan Howard Capital Management LP now owns 45,557 shares of the restaurant operator’s stock worth $901,000 after acquiring an additional 12,731 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in Jack In The Box by 519.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 241,444 shares of the restaurant operator’s stock worth $4,773,000 after acquiring an additional 202,469 shares in the last quarter. 99.79% of the stock is currently owned by hedge funds and other institutional investors.

Jack In The Box Company Profile

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.