Jack In The Box (NASDAQ:JACK) Upgraded by Wall Street Zen to “Hold” Rating

Jack In The Box (NASDAQ:JACK) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday.

A number of other brokerages have also commented on JACK. Stifel Nicolaus decreased 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, November 20th. Citigroup decreased their price target on Jack In The Box from $19.00 to $16.00 and set a “neutral” rating for the company in a research note on Thursday, November 20th. TD Cowen lowered 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 note on Thursday, November 20th. Piper Sandler dropped their price target on Jack In The Box from $19.00 to $17.00 and set a “neutral” rating on the stock in a research report on Friday, November 21st. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $25.00 target price on shares of Jack In The Box in a research report on Tuesday, December 9th. Five equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $24.33.

Jack In The Box Stock Performance

Jack In The Box stock opened at $18.72 on Friday. The firm’s 50 day moving average price is $17.98 and its two-hundred day moving average price is $18.88. The firm has a market cap of $353.81 million, a price-to-earnings ratio of -4.38, a price-to-earnings-growth ratio of 0.95 and a beta of 1.13. Jack In The Box has a 1 year low of $13.99 and a 1 year high of $44.15.

Jack In The Box (NASDAQ:JACK) last announced its earnings results on Wednesday, November 19th. The restaurant operator reported $0.30 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.16). Jack In The Box had a negative net margin of 5.51% and a negative return on equity of 9.23%. The company had revenue of $326.19 million for the quarter, compared to analysts’ expectations of $324.23 million. During the same period in the prior year, the company earned $1.16 earnings per share. The company’s revenue for the quarter was down 6.6% on a year-over-year basis. As a group, equities analysts predict that Jack In The Box will post 5.33 EPS for the current fiscal year.

Insider Buying and Selling at Jack In The Box

In other Jack In The Box news, SVP Carl Mount sold 1,393 shares of the firm’s stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $19.00, for a total transaction of $26,467.00. Following the transaction, the senior vice president owned 19,300 shares in the company, valued at approximately $366,700. This trade represents a 6.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Sarah L. Super sold 2,114 shares of Jack In The Box stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $19.08, for a total transaction of $40,335.12. Following the transaction, the executive vice president directly owned 32,640 shares in the company, valued at $622,771.20. The trade was a 6.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 9,466 shares of company stock valued at $181,110 over the last 90 days. Company insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC increased its position in shares of Jack In The Box by 165.5% during the third quarter. GAMMA Investing LLC now owns 1,341 shares of the restaurant operator’s stock worth $27,000 after acquiring an additional 836 shares in the last quarter. US Bancorp DE increased 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 last quarter. Quent Capital LLC acquired a new stake in shares of Jack In The Box in the third quarter valued at approximately $42,000. Hantz Financial Services Inc. lifted its holdings in Jack In The Box by 136.0% during the 3rd quarter. Hantz Financial Services Inc. now owns 2,318 shares of the restaurant operator’s stock valued at $46,000 after purchasing an additional 1,336 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Jack In The Box by 882.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 3,144 shares of the restaurant operator’s stock worth $62,000 after buying an additional 2,824 shares during the period. 99.79% of the stock is owned by institutional investors and hedge funds.

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.