Analysts Set Jack In The Box Inc. (NASDAQ:JACK) Price Target at $24.33

Shares of Jack In The Box Inc. (NASDAQ:JACK) have been assigned an average rating of “Hold” from the twenty-one ratings firms that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have given a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $24.3333.

Several analysts recently weighed in on the company. Mizuho upgraded Jack In The Box to a “hold” rating in a research report on Tuesday, October 28th. Citigroup cut their target price on shares of Jack In The Box from $19.00 to $16.00 and set a “neutral” rating on the stock in a research report on Thursday, November 20th. Cowen set a $16.00 price target on Jack In The Box in a report on Thursday, November 20th. Truist Financial decreased their price objective on Jack In The Box from $19.00 to $16.00 and set a “hold” rating for the company in a report on Thursday, November 20th. Finally, Morgan Stanley set a $20.00 target price on shares of Jack In The Box in a research report on Tuesday, October 21st.

Jack In The Box Trading Down 0.2%

NASDAQ JACK opened at $18.95 on Friday. The firm’s 50 day simple moving average is $17.95 and its 200 day simple moving average is $18.87. The firm has a market capitalization of $358.16 million, a price-to-earnings ratio of -4.44, a P/E/G ratio of 0.95 and a beta of 1.13. Jack In The Box has a 1 year low of $13.99 and a 1 year high of $44.15.

Jack In The Box (NASDAQ:JACK) last announced its quarterly earnings data on Wednesday, November 19th. The restaurant operator reported $0.30 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.16). The firm had revenue of $326.19 million for the quarter, compared to analyst estimates of $324.23 million. Jack In The Box had a negative net margin of 5.51% and a negative return on equity of 9.23%. The firm’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.16 earnings per share. On average, equities research analysts forecast that Jack In The Box will post 5.33 earnings per share for the current year.

Insider Activity

In other news, SVP Carl Mount sold 1,393 shares of the company’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $19.00, for a total transaction of $26,467.00. Following the transaction, the senior vice president directly owned 19,300 shares of the company’s stock, valued at $366,700. This represents a 6.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Lance F. Tucker purchased 5,000 shares of Jack In The Box stock in a transaction that occurred on Monday, November 24th. The stock was acquired at an average cost of $17.29 per share, with a total value of $86,450.00. Following the transaction, the chief executive officer owned 84,555 shares in the company, valued at $1,461,955.95. This trade represents a 6.28% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders have sold 9,466 shares of company stock valued at $181,110. Corporate insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On Jack In The Box

Several hedge funds and other institutional investors have recently made changes to their positions in JACK. Invesco Ltd. lifted its position in Jack In The Box by 16.0% in the 1st quarter. Invesco Ltd. now owns 120,971 shares of the restaurant operator’s stock valued at $3,289,000 after acquiring an additional 16,667 shares in the last quarter. Bayforest Capital Ltd bought a new stake in Jack In The Box during the 1st quarter worth approximately $618,000. Magnetar Financial LLC purchased a new stake in shares of Jack In The Box in the first quarter worth approximately $222,000. Invenomic Capital Management LP lifted its holdings in shares of Jack In The Box by 43.5% in the first quarter. Invenomic Capital Management LP now owns 511,954 shares of the restaurant operator’s stock valued at $13,920,000 after purchasing an additional 155,197 shares in the last quarter. Finally, Jump Financial LLC purchased a new position in shares of Jack In The Box during the first quarter valued at approximately $1,420,000. 99.79% of the stock is owned by institutional investors.

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.