Jack In The Box Inc. (NASDAQ:JACK) Receives Consensus Rating of “Hold” from Analysts

Jack In The Box Inc. (NASDAQ:JACK) has earned a consensus rating of “Hold” from the seventeen brokerages that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $15.8438.

Several equities analysts have recently weighed in on the stock. The Goldman Sachs Group dropped their price objective on shares of Jack In The Box from $17.00 to $12.00 and set a “sell” rating on the stock in a report on Friday, May 15th. Guggenheim downgraded Jack In The Box from a “buy” rating to a “neutral” rating in a research note on Thursday, May 28th. Mizuho boosted their target price on Jack In The Box from $11.00 to $13.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. UBS Group dropped their price target on Jack In The Box from $23.00 to $14.00 and set a “neutral” rating on the stock in a research note on Thursday, May 14th. Finally, Deutsche Bank Aktiengesellschaft set a $15.00 price target on Jack In The Box in a report on Thursday, May 14th.

Insider Activity

In other Jack In The Box news, Director Guillermo Diaz, Jr. bought 5,962 shares of Jack In The Box stock in a transaction dated Thursday, May 28th. The stock was bought at an average cost of $11.51 per share, for a total transaction of $68,622.62. Following the purchase, the director owned 20,692 shares of the company’s stock, valued at $238,164.92. The trade was a 40.48% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Jack In The Box

Large investors have recently added to or reduced their stakes in the business. Royal Bank of Canada increased its holdings in Jack In The Box by 5.9% in the first quarter. Royal Bank of Canada now owns 12,035 shares of the restaurant operator’s stock valued at $327,000 after purchasing an additional 671 shares during the period. US Bancorp DE lifted its holdings in 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 buying an additional 698 shares during the period. Allworth Financial LP grew its position in shares of Jack In The Box by 322.6% in the 4th quarter. Allworth Financial LP now owns 1,475 shares of the restaurant operator’s stock valued at $28,000 after buying an additional 1,126 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of Jack In The Box by 43.4% in the 4th quarter. Russell Investments Group Ltd. now owns 4,507 shares of the restaurant operator’s stock valued at $85,000 after buying an additional 1,363 shares during the last quarter. Finally, Manning & Napier Advisors LLC increased its stake in shares of Jack In The Box by 0.4% in the first quarter. Manning & Napier Advisors LLC now owns 376,343 shares of the restaurant operator’s stock valued at $3,639,000 after buying an additional 1,677 shares during the period. Institutional investors own 99.79% of the company’s stock.

Jack In The Box Stock Up 0.5%

NASDAQ:JACK opened at $15.20 on Wednesday. Jack In The Box has a twelve month low of $8.91 and a twelve month high of $25.34. The company has a fifty day moving average of $13.15 and a 200-day moving average of $15.29. The firm has a market capitalization of $289.86 million, a P/E ratio of 8.22, a P/E/G ratio of 0.82 and a beta of 1.38.

Jack In The Box (NASDAQ:JACK) last issued its earnings results on Wednesday, May 13th. The restaurant operator reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.02. The business had revenue of $254.26 million for the quarter, compared to analyst estimates of $256.55 million. Jack In The Box had a net margin of 2.82% and a negative return on equity of 6.34%. Jack In The Box’s revenue was down 24.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.20 earnings per share. On average, analysts anticipate that Jack In The Box will post 3.46 EPS for the current fiscal year.

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.