Jack in the Box Downgraded to Neutral at Zacks (JACK)
Jack in the Box (NASDAQ:JACK) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a report released on Monday, AnalystRatings.NET reports. They currently have a $55.30 target price on the stock. Zacks‘ target price would indicate a potential upside of 4.89% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Wunderlich raised their price target on shares of Jack in the Box from $53.00 to $60.00 in a research note on Monday, February 10th. They now have a “buy” rating on the stock. Separately, analysts at UBS AG initiated coverage on shares of Jack in the Box in a research note on Wednesday, January 8th. They set a “neutral” rating on the stock. Finally, analysts at Ned Davis Research upgraded shares of Jack in the Box from a “neutral” rating to a “buy” rating in a research note on Monday, January 6th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $48.86.
Jack in the Box (NASDAQ:JACK) traded up 0.27% during mid-day trading on Monday, hitting $52.72. The stock had a trading volume of 339,799 shares. Jack in the Box has a one year low of $29.74 and a one year high of $53.38. The stock’s 50-day moving average is $50.31 and its 200-day moving average is $44.28. The company has a market cap of $2.246 billion and a P/E ratio of 46.16. Jack in the Box also was the target of a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 784,941 shares, an increase of 44.2% from the January 15th total of 544,420 shares. Based on an average daily trading volume, of 391,260 shares, the short-interest ratio is presently 2.0 days. Approximately 1.9% of the shares of the company are short sold.
Jack in the Box (NASDAQ:JACK) last announced its earnings results on Thursday, November 21st. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.06. The company had revenue of $338.00 million for the quarter, compared to the consensus estimate of $336.28 million. During the same quarter in the previous year, the company posted $0.27 earnings per share. The company’s revenue for the quarter was down 3.1% on a year-over-year basis. On average, analysts predict that Jack in the Box will post $2.25 earnings per share for the current fiscal year.
Jack in the Box Inc operates and franchises more than 2,800 Jack in the Box quick-service restaurants (NASDAQ:JACK) and Qdoba Mexican Grill fast-casual restaurants.
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