Barclays Boosts Jack In The Box (NASDAQ:JACK) Price Target to $20.00

Jack In The Box (NASDAQ:JACK) had its price objective lifted by stock analysts at Barclays from $15.00 to $20.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the restaurant operator’s stock. Barclays‘s target price suggests a potential downside of 11.39% from the company’s current price.

A number of other equities research analysts also recently issued reports on the company. Truist Financial reduced their price target on Jack In The Box from $19.00 to $16.00 and set a “hold” rating on the stock in a research report on Thursday, November 20th. Bank of America began coverage on Jack In The Box in a research report on Monday, October 13th. They set a “buy” rating and a $22.00 target price for the company. Zacks Research lowered Jack In The Box from a “hold” rating to a “strong sell” rating in a report on Friday, November 21st. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $25.00 price target on shares of Jack In The Box in a research note on Tuesday, December 9th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Jack In The Box in a research report on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $24.67.

Jack In The Box Stock Performance

NASDAQ:JACK opened at $22.57 on Wednesday. Jack In The Box has a 52 week low of $13.99 and a 52 week high of $44.15. The firm has a market cap of $426.57 million, a price-to-earnings ratio of -5.29, a P/E/G ratio of 1.03 and a beta of 1.13. The firm’s 50-day simple moving average is $18.31 and its 200 day simple moving average is $18.97.

Jack In The Box (NASDAQ:JACK) last posted its quarterly earnings data on Wednesday, November 19th. The restaurant operator reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $326.19 million during the quarter, compared to the consensus estimate of $324.23 million. During the same period in the prior year, the firm earned $1.16 EPS. The business’s revenue for the quarter was down 6.6% on a year-over-year basis. Sell-side analysts anticipate that Jack In The Box will post 5.33 EPS for the current year.

Insider Buying and Selling at Jack In The Box

In other Jack In The Box news, EVP Sarah L. Super sold 2,114 shares of Jack In The Box stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $19.08, for a total value of $40,335.12. Following the transaction, the executive vice president owned 32,640 shares in the company, valued at $622,771.20. The trade was a 6.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Carl Mount sold 1,393 shares of the 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 completion of the transaction, the senior vice president directly owned 19,300 shares of the company’s stock, valued at $366,700. This trade represents a 6.73% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 9,466 shares of company stock worth $181,110 over the last quarter. 1.40% of the stock is currently owned by company insiders.

Institutional Trading of Jack In The Box

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC increased its holdings 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 buying an additional 836 shares in the last quarter. US Bancorp DE grew its position in 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 acquiring an additional 698 shares during the last quarter. Quent Capital LLC acquired a new position in Jack In The Box in the 3rd quarter worth about $42,000. Hantz Financial Services Inc. raised its position in Jack In The Box by 136.0% in the third 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 stake in shares of Jack In The Box by 882.5% during the third quarter. Russell Investments Group Ltd. now owns 3,144 shares of the restaurant operator’s stock valued at $62,000 after purchasing an additional 2,824 shares in the last quarter. Institutional investors own 99.79% of the company’s stock.

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.