Mizuho Cuts Jack In The Box (NASDAQ:JACK) Price Target to $11.00

Jack In The Box (NASDAQ:JACK) had its price target trimmed by Mizuho from $18.00 to $11.00 in a research report released on Thursday morning,Benzinga reports. The firm currently has a neutral rating on the restaurant operator’s stock.

A number of other equities analysts have also recently commented on JACK. The Goldman Sachs Group lifted their price target on Jack In The Box from $15.00 to $17.00 and gave the stock a “sell” rating in a report on Wednesday, January 28th. Morgan Stanley cut their price objective on Jack In The Box from $20.00 to $19.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 20th. Barclays lifted their target price on Jack In The Box from $15.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 7th. Zacks Research upgraded Jack In The Box from a “strong sell” rating to a “hold” rating in a research note on Monday, January 19th. Finally, Piper Sandler raised their price target on Jack In The Box from $17.00 to $23.00 and gave the company a “neutral” rating in a report on Thursday, February 19th. Four equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Jack In The Box currently has an average rating of “Hold” and an average price target of $22.78.

Jack In The Box Stock Performance

Shares of JACK opened at $9.99 on Thursday. The company’s fifty day simple moving average is $16.12 and its 200 day simple moving average is $17.89. Jack In The Box has a 1-year low of $8.91 and a 1-year high of $29.40. The company has a market cap of $190.21 million, a price-to-earnings ratio of -1.62, a PEG ratio of 0.55 and a beta of 1.32.

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

Insider Buying and Selling at Jack In The Box

In other news, CEO Lance F. Tucker sold 3,150 shares of the company’s stock in a transaction on Wednesday, January 28th. The stock was sold at an average price of $21.83, for a total transaction of $68,764.50. Following the completion of the sale, the chief executive officer directly owned 204,068 shares in the company, valued at approximately $4,454,804.44. This represents a 1.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Callodine Capital Management LP lifted its position in Jack In The Box by 0.3% during the fourth quarter. Callodine Capital Management LP now owns 1,700,504 shares of the restaurant operator’s stock worth $32,225,000 after purchasing an additional 5,000 shares during the period. Nantahala Capital Management LLC increased its holdings in Jack In The Box by 44.3% in the 4th quarter. Nantahala Capital Management LLC now owns 865,990 shares of the restaurant operator’s stock valued at $16,411,000 after buying an additional 265,990 shares during the period. Marshall Wace LLP increased its holdings in Jack In The Box by 192.9% in the 3rd quarter. Marshall Wace LLP now owns 744,141 shares of the restaurant operator’s stock valued at $14,712,000 after buying an additional 490,071 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Jack In The Box by 18.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 639,060 shares of the restaurant operator’s stock valued at $12,110,000 after buying an additional 97,326 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Jack In The Box by 1.9% in the 4th quarter. JPMorgan Chase & Co. now owns 396,673 shares of the restaurant operator’s stock valued at $7,517,000 after buying an additional 7,346 shares in the last quarter. 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.