Jack In The Box Inc. (NASDAQ:JACK) Receives $15.84 Consensus Target Price from Analysts

Shares of Jack In The Box Inc. (NASDAQ:JACK) have earned an average recommendation of “Hold” from the seventeen ratings firms that are currently covering the firm, Marketbeat.com 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 target price among brokers that have issued ratings on the stock in the last year is $15.8438.

A number of analysts have commented on JACK shares. Jefferies Financial Group set a $12.50 price objective on shares of Jack In The Box in a research note on Thursday, May 14th. Citigroup cut their price target on shares of Jack In The Box from $15.00 to $14.00 and set a “neutral” rating on the stock in a report on Thursday, May 14th. TD Cowen reduced their price target on shares of 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. The Goldman Sachs Group decreased their price objective on shares of Jack In The Box from $17.00 to $12.00 and set a “sell” rating for the company in a research note on Friday, May 15th. Finally, Stifel Nicolaus lifted their price objective on shares of Jack In The Box from $10.00 to $15.00 and gave the stock a “hold” rating in a research report on Thursday, May 14th.

Insider Buying and Selling

In related news, Director Guillermo Diaz, Jr. purchased 5,962 shares of the stock in a transaction dated Thursday, May 28th. The shares were acquired at an average cost of $11.51 per share, for a total transaction of $68,622.62. Following the acquisition, the director directly owned 20,692 shares in the company, valued at approximately $238,164.92. The trade was a 40.48% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On Jack In The Box

Institutional investors have recently made changes to their positions in the business. Marshall Wace LLP raised its holdings in Jack In The Box by 192.9% during the 3rd quarter. Marshall Wace LLP now owns 744,141 shares of the restaurant operator’s stock worth $14,712,000 after purchasing an additional 490,071 shares during the last quarter. Windward Management LP bought a new position in shares of Jack In The Box in the 4th quarter valued at about $7,394,000. Janus Henderson Group PLC acquired a new stake in shares of Jack In The Box during the 4th quarter worth approximately $5,591,000. Nantahala Capital Management LLC raised its stake in shares of Jack In The Box by 44.3% during the fourth quarter. Nantahala Capital Management LLC now owns 865,990 shares of the restaurant operator’s stock worth $16,411,000 after buying an additional 265,990 shares during the last quarter. Finally, Readystate Asset Management LP bought a new stake in shares of Jack In The Box during the fourth quarter worth approximately $4,268,000. 99.79% of the stock is currently owned by institutional investors.

Jack In The Box Stock Performance

JACK stock opened at $14.98 on Wednesday. The company has a market capitalization of $285.67 million, a P/E ratio of 8.10, a PEG ratio of 0.81 and a beta of 1.38. Jack In The Box has a twelve month low of $8.91 and a twelve month high of $25.34. The firm has a 50 day simple moving average of $13.25 and a 200-day simple moving average of $15.20.

Jack In The Box (NASDAQ:JACK) last announced its quarterly earnings results on Wednesday, May 13th. The restaurant operator reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. The company had revenue of $254.26 million during the quarter, compared to analyst estimates 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 firm’s quarterly revenue was down 24.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.20 EPS. On average, research analysts predict that Jack In The Box will post 3.46 EPS for the current 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.