Jack In The Box Inc. (NASDAQ:JACK) Given Average Recommendation of “Hold” by Brokerages

Shares of Jack In The Box Inc. (NASDAQ:JACK) have been given a consensus recommendation of “Hold” by the sixteen ratings firms that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $15.8438.

JACK has been the topic of several recent research reports. Royal Bank Of Canada lowered their price objective on Jack In The Box from $17.00 to $16.00 and set an “outperform” rating on the stock in a research report on Thursday, May 14th. Mizuho increased their price objective on Jack In The Box from $11.00 to $13.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. UBS Group lowered their price objective on Jack In The Box from $23.00 to $14.00 and set a “neutral” rating on the stock in a research report on Thursday, May 14th. Deutsche Bank Aktiengesellschaft set a $15.00 price objective on Jack In The Box in a research report on Thursday, May 14th. Finally, Citigroup lowered their price objective on Jack In The Box from $15.00 to $14.00 and set a “neutral” rating on the stock in a research report on Thursday, May 14th.

Jack In The Box Price Performance

JACK stock opened at $11.55 on Tuesday. The stock has a market capitalization of $220.26 million, a price-to-earnings ratio of 6.24, a PEG ratio of 0.63 and a beta of 1.45. The business’s fifty day moving average price is $11.80 and its two-hundred day moving average price is $16.43. Jack In The Box has a fifty-two week low of $8.91 and a fifty-two week high of $25.34.

Jack In The Box (NASDAQ:JACK) last posted its quarterly earnings data on Wednesday, May 13th. The restaurant operator reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.02. The firm had revenue of $254.26 million for the quarter, compared to analysts’ expectations of $256.55 million. Jack In The Box had a negative return on equity of 6.34% and a net margin of 2.82%.The company’s quarterly revenue was down 24.5% compared to the same quarter last year. During the same quarter last year, the business earned $1.20 EPS. Research analysts expect that Jack In The Box will post 3.44 EPS for the current year.

Institutional Trading of Jack In The Box

Large investors have recently modified their holdings of the stock. Allworth Financial LP grew its holdings in shares of Jack In The Box by 322.6% during the 4th quarter. Allworth Financial LP now owns 1,475 shares of the restaurant operator’s stock worth $28,000 after purchasing an additional 1,126 shares in the last quarter. US Bancorp DE grew its holdings 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 in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Jack In The Box by 3,604.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,852 shares of the restaurant operator’s stock worth $35,000 after purchasing an additional 1,802 shares in the last quarter. Hantz Financial Services Inc. grew its holdings in shares of 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 worth $46,000 after purchasing an additional 1,336 shares in the last quarter. Finally, Russell Investments Group Ltd. grew 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 purchasing an additional 2,824 shares in the last quarter. 99.79% of the stock is owned by institutional investors and hedge funds.

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.