Jack in the Box (NASDAQ:JACK) PT Lowered to $75.00

Jack in the Box (NASDAQ:JACK) had its target price decreased by equities researchers at Morgan Stanley from $80.00 to $75.00 in a research report issued on Friday, Benzinga reports. The firm presently has an “equal weight” rating on the restaurant operator’s stock. Morgan Stanley’s price target points to a potential upside of 25.94% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the company. Robert W. Baird dropped their price target on Jack in the Box from $85.00 to $80.00 and set a “neutral” rating on the stock in a research note on Thursday, February 22nd. Oppenheimer restated an “outperform” rating and issued a $98.00 price target on shares of Jack in the Box in a research note on Thursday, February 22nd. StockNews.com upgraded Jack in the Box from a “sell” rating to a “hold” rating in a research note on Friday, March 1st. Barclays dropped their price target on Jack in the Box from $86.00 to $80.00 and set an “equal weight” rating on the stock in a research note on Friday, February 23rd. Finally, Northcoast Research upgraded Jack in the Box from a “neutral” rating to a “buy” rating and set a $95.00 price objective on the stock in a research report on Monday, January 29th. Ten investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $86.67.

Jack in the Box Trading Down 1.8 %

NASDAQ JACK opened at $59.55 on Friday. The company has a market cap of $1.17 billion, a PE ratio of 10.47, a PEG ratio of 0.73 and a beta of 1.76. Jack in the Box has a 12 month low of $59.29 and a 12 month high of $99.56. The stock has a 50 day moving average of $70.87 and a 200-day moving average of $72.27.

Jack in the Box (NASDAQ:JACK) last posted its quarterly earnings results on Wednesday, February 21st. The restaurant operator reported $1.95 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.95. Jack in the Box had a negative return on equity of 17.24% and a net margin of 7.03%. The business had revenue of $487.50 million for the quarter, compared to analysts’ expectations of $480.76 million. During the same quarter in the prior year, the business earned $2.01 EPS. The firm’s revenue for the quarter was down 7.5% on a year-over-year basis. As a group, sell-side analysts predict that Jack in the Box will post 6.39 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Michael W. Murphy sold 1,332 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $72.58, for a total value of $96,676.56. Following the transaction, the director now owns 71,035 shares in the company, valued at $5,155,720.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.60% of the stock is owned by company insiders.

Institutional Trading of Jack in the Box

Large investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. boosted its stake in Jack in the Box by 54.1% in the third quarter. Envestnet Asset Management Inc. now owns 71,105 shares of the restaurant operator’s stock valued at $4,911,000 after buying an additional 24,955 shares in the last quarter. IPG Investment Advisors LLC acquired a new stake in shares of Jack in the Box during the third quarter valued at about $2,222,000. LSV Asset Management boosted its stake in shares of Jack in the Box by 143.7% during the third quarter. LSV Asset Management now owns 571,393 shares of the restaurant operator’s stock valued at $39,460,000 after purchasing an additional 336,899 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Jack in the Box by 12.5% during the third quarter. Victory Capital Management Inc. now owns 132,402 shares of the restaurant operator’s stock valued at $9,144,000 after purchasing an additional 14,701 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Jack in the Box by 27.7% during the third quarter. Invesco Ltd. now owns 109,064 shares of the restaurant operator’s stock valued at $7,532,000 after purchasing an additional 23,673 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 Inc operates and franchises Jack in the Box and Del Taco quick-service restaurants in the United States. The company was founded in 1951 and is headquartered in San Diego, California.