Jack In The Box Inc. (NASDAQ:JACK) Receives $17.22 Average PT from Brokerages

Shares of Jack In The Box Inc. (NASDAQ:JACK) have earned a consensus recommendation of “Hold” from the eighteen research firms that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned 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 $17.2188.

Several equities research analysts have recently issued reports on the company. Stifel Nicolaus raised their price objective on Jack In The Box from $10.00 to $15.00 and gave the company a “hold” rating in a research note on Thursday, May 14th. Jefferies Financial Group set a $12.50 target price on Jack In The Box in a research report on Thursday, May 14th. The Goldman Sachs Group decreased their price target on Jack In The Box from $17.00 to $12.00 and set a “sell” rating on the stock in a report on Friday, May 15th. UBS Group raised their price target on Jack In The Box from $14.00 to $20.00 and gave the stock a “neutral” rating in a research report on Thursday, August 13th. Finally, Guggenheim lowered shares of Jack In The Box from a “buy” rating to a “neutral” rating in a research note on Thursday, May 28th.

Institutional Investors Weigh In On Jack In The Box

Several institutional investors have recently made changes to their positions in JACK. US Bancorp DE boosted its stake in shares of Jack In The Box by 96.7% during the 3rd quarter. US Bancorp DE now owns 1,420 shares of the restaurant operator’s stock worth $28,000 after purchasing an additional 698 shares during the period. Allworth Financial LP raised its position 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 during the period. Northwestern Mutual Wealth Management Co. raised its position in Jack In The Box by 3,604.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,852 shares of the restaurant operator’s stock worth $35,000 after purchasing an additional 1,802 shares during the period. Legal & General Group Plc bought a new stake in Jack In The Box in the second quarter worth about $30,000. Finally, Public Employees Retirement System of Ohio bought a new stake in Jack In The Box in the second quarter worth about $48,000. Institutional investors own 99.79% of the company’s stock.

Jack In The Box Stock Up 6.5%

Jack In The Box stock opened at $16.14 on Thursday. The company’s 50-day moving average price is $16.30 and its 200-day moving average price is $14.09. The company has a market cap of $309.57 million, a PE ratio of 9.33, a price-to-earnings-growth ratio of 0.96 and a beta of 1.38. Jack In The Box has a twelve month low of $8.91 and a twelve month 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 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.08. The firm had revenue of $257.66 million during the quarter, compared to the consensus estimate of $264.60 million. Jack In The Box had a net margin of 2.84% and a negative return on equity of 6.33%. The firm’s revenue for the quarter was down 22.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.02 EPS. As a group, sell-side analysts expect that Jack In The Box will post 3.14 earnings per share for the current fiscal year.

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.