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

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

Other equities research analysts also recently issued research reports about the company. Jefferies Financial Group set a $12.50 price target on Jack In The Box in a research report on Thursday, May 14th. UBS Group lowered their price target on Jack In The Box from $23.00 to $14.00 and set a “neutral” rating for the company in a research report on Thursday, May 14th. Weiss Ratings raised Jack In The Box from a “sell (e+)” rating to a “sell (d)” rating in a research report on Thursday, May 14th. Stifel Nicolaus boosted their price target on Jack In The Box from $10.00 to $15.00 and gave the company a “hold” rating in a research report on Thursday, May 14th. Finally, TD Cowen lowered their price target on Jack In The Box from $16.00 to $12.00 and set a “hold” rating for the company in a research report on Tuesday, April 14th. Three analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $15.84.

Jack In The Box Stock Up 7.7%

Shares of NASDAQ:JACK opened at $12.45 on Friday. The company has a market cap of $237.42 million, a P/E ratio of 6.73, a P/E/G ratio of 0.63 and a beta of 1.45. Jack In The Box has a 52 week low of $8.91 and a 52 week high of $25.34. The business has a fifty day simple moving average of $11.75 and a 200-day simple moving average of $16.30.

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

Insider Buying and Selling at Jack In The Box

In related news, Director Guillermo Diaz, Jr. bought 5,962 shares of the firm’s stock in a transaction dated Thursday, May 28th. The stock was bought at an average price of $11.51 per share, with a total value of $68,622.62. Following the completion of the transaction, the director directly owned 20,692 shares of the company’s stock, valued at approximately $238,164.92. This represents a 40.48% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Jack In The Box

Institutional investors and hedge funds have recently modified their holdings of the stock. US Bancorp DE boosted its position in shares of Jack In The Box by 96.7% in the third quarter. US Bancorp DE now owns 1,420 shares of the restaurant operator’s stock worth $28,000 after buying an additional 698 shares during the period. Allworth Financial LP boosted its position in shares of Jack In The Box by 322.6% in the fourth quarter. Allworth Financial LP now owns 1,475 shares of the restaurant operator’s stock worth $28,000 after buying an additional 1,126 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in shares of Jack In The Box by 3,604.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,852 shares of the restaurant operator’s stock worth $35,000 after buying an additional 1,802 shares during the period. Hantz Financial Services Inc. boosted its position in shares of 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 worth $46,000 after buying an additional 1,336 shares during the period. Finally, Russell Investments Group Ltd. boosted its holdings in Jack In The Box by 882.5% in 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 during the last quarter. Hedge funds and other 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.