Stifel Nicolaus Issues Pessimistic Forecast for Jack In The Box (NASDAQ:JACK) Stock Price

Jack In The Box (NASDAQ:JACK) had its price objective decreased by research analysts at Stifel Nicolaus from $18.00 to $10.00 in a report issued on Tuesday,Benzinga reports. The firm presently has a “hold” rating on the restaurant operator’s stock. Stifel Nicolaus’ price objective indicates a potential upside of 2.99% from the company’s previous close.

Other equities analysts have also recently issued reports about the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Jack In The Box in a research note on Thursday, January 22nd. Royal Bank Of Canada reissued an “outperform” rating and set a $25.00 price objective on shares of Jack In The Box in a research note on Tuesday, December 9th. UBS Group raised their target price on shares of Jack In The Box from $17.00 to $21.00 and gave the stock a “neutral” rating in a report on Tuesday, January 6th. Sanford C. Bernstein set a $23.00 target price on shares of Jack In The Box in a research note on Thursday, February 19th. Finally, Barclays upped their price target on shares of Jack In The Box from $15.00 to $20.00 and gave the company an “equal weight” rating in a report on Wednesday, January 7th. Four research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Jack In The Box presently has an average rating of “Hold” and a consensus target price of $23.28.

Jack In The Box Trading Up 0.4%

Shares of NASDAQ:JACK opened at $9.71 on Tuesday. The stock’s 50-day moving average price is $16.58 and its 200-day moving average price is $18.02. Jack In The Box has a 12-month low of $8.91 and a 12-month high of $29.40. The stock has a market capitalization of $184.88 million, a P/E ratio of -1.58, a price-to-earnings-growth ratio of 0.50 and a beta of 1.32.

Jack In The Box (NASDAQ:JACK) last released its quarterly earnings data on Wednesday, February 18th. The restaurant operator reported $1.00 EPS for the quarter, missing the consensus estimate of $1.10 by ($0.10). The company had revenue of $349.52 million during the quarter, compared to analysts’ expectations of $355.73 million. Jack In The Box had a negative return on equity of 7.12% and a negative net margin of 8.69%.The firm’s quarterly revenue was down 5.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.86 EPS. As a group, research analysts predict that Jack In The Box will post 5.33 EPS for the current year.

Insider Buying and Selling

In other Jack In The Box news, CEO Lance F. Tucker sold 3,150 shares of the stock in a transaction that occurred on Wednesday, January 28th. The stock was sold at an average price of $21.83, for a total value of $68,764.50. Following the completion of the sale, the chief executive officer owned 204,068 shares in the company, valued at approximately $4,454,804.44. This trade represents a 1.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Jack In The Box

A number of large investors have recently made changes to their positions in JACK. Royal Bank of Canada raised its holdings in shares of Jack In The Box by 5.9% during the first quarter. Royal Bank of Canada now owns 12,035 shares of the restaurant operator’s stock valued at $327,000 after acquiring an additional 671 shares in the last quarter. Cubist Systematic Strategies LLC boosted its holdings in Jack In The Box by 206.6% in the first quarter. Cubist Systematic Strategies LLC now owns 5,967 shares of the restaurant operator’s stock valued at $162,000 after acquiring an additional 11,567 shares in the last quarter. Woodline Partners LP boosted its holdings in Jack In The Box by 63.8% in the first quarter. Woodline Partners LP now owns 167,184 shares of the restaurant operator’s stock valued at $4,546,000 after acquiring an additional 65,142 shares in the last quarter. GAMMA Investing LLC increased its position in Jack In The Box by 165.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,341 shares of the restaurant operator’s stock valued at $27,000 after purchasing an additional 836 shares during the period. Finally, Farther Finance Advisors LLC purchased a new position in Jack In The Box during the 3rd quarter valued at $65,000. 99.79% of the stock is currently owned by institutional investors.

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.