Jack In The Box Inc. (NASDAQ:JACK) Receives Average Rating of “Hold” from Brokerages

Jack In The Box Inc. (NASDAQ:JACK) has received a consensus recommendation of “Hold” from the eighteen ratings firms that are covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $17.22.

A number of brokerages recently weighed in on JACK. Royal Bank Of Canada boosted their price objective on shares of Jack In The Box from $16.00 to $22.00 and gave the stock an “outperform” rating in a report on Thursday, August 13th. UBS Group lifted their target price on Jack In The Box from $14.00 to $20.00 and gave the stock a “neutral” rating in a report on Thursday, August 13th. Citigroup lifted their target price on Jack In The Box from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Thursday, August 13th. Wall Street Zen upgraded Jack In The Box from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Jack In The Box in a report on Tuesday, August 11th.

Jack In The Box Stock Performance

Shares of JACK stock opened at $12.45 on Monday. The company has a market capitalization of $238.79 million, a price-to-earnings ratio of 7.20, a price-to-earnings-growth ratio of 0.75 and a beta of 1.41. Jack In The Box has a one year low of $8.91 and a one year high of $23.86. The company’s 50-day moving average is $15.64 and its 200 day moving average is $13.74.

Jack In The Box (NASDAQ:JACK) last issued its earnings results on Wednesday, August 12th. The restaurant operator reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.08. Jack In The Box had a net margin of 2.84% and a negative return on equity of 6.33%. The business had revenue of $257.66 million during the quarter, compared to analysts’ expectations of $264.60 million. During the same period in the previous year, the company earned $1.02 earnings per share. The business’s revenue for the quarter was down 22.6% compared to the same quarter last year. As a group, research analysts predict that Jack In The Box will post 3.15 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Jack In The Box

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Headlands Technologies LLC purchased a new position in shares of Jack In The Box during the second quarter valued at approximately $612,000. Nantahala Capital Management LLC purchased a new stake in Jack In The Box in the second quarter worth approximately $27,330,099. Windward Management LP bought a new stake in Jack In The Box in the 2nd quarter worth approximately $2,883,807. Public Employees Retirement System of Ohio bought a new stake in Jack In The Box in the 2nd quarter worth approximately $48,000. Finally, Bank of America Corp DE purchased a new stake in Jack In The Box during the 2nd quarter valued at $18,409,000. 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.