Jack In The Box Inc. (NASDAQ:JACK) Given Average Rating of “Hold” by Brokerages

Jack In The Box Inc. (NASDAQ:JACK) has been assigned an average rating of “Hold” from the twenty-one ratings firms that are covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have issued a buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $23.9048.

Several research analysts have recently weighed in on the company. Barclays cut their price target on Jack In The Box from $17.00 to $15.00 and set an “equal weight” rating for the company in a research note on Thursday, November 20th. Truist Financial dropped their price objective on shares of Jack In The Box from $19.00 to $16.00 and set a “hold” rating on the stock in a report on Thursday, November 20th. TD Cowen cut their target price on shares of Jack In The Box from $21.00 to $16.00 and set a “hold” rating for the company in a research report on Thursday, November 20th. Wall Street Zen downgraded shares of Jack In The Box from a “hold” rating to a “sell” rating in a research note on Saturday, November 22nd. Finally, Oppenheimer dropped their price target on shares of Jack In The Box from $28.00 to $24.00 and set an “outperform” rating on the stock in a research note on Thursday, November 20th.

Jack In The Box Stock Up 0.6%

Shares of JACK stock opened at $18.95 on Tuesday. The firm has a market cap of $358.16 million, a P/E ratio of -4.44, a PEG ratio of 0.94 and a beta of 1.13. The company has a 50 day moving average of $17.64 and a 200-day moving average of $18.89. Jack In The Box has a 12-month low of $13.99 and a 12-month high of $50.45.

Jack In The Box (NASDAQ:JACK) last posted 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). Jack In The Box had a negative net margin of 5.51% and a negative return on equity of 9.23%. The firm had revenue of $326.19 million during the quarter, compared to analysts’ expectations of $324.23 million. During the same quarter in the previous year, the company posted $1.16 EPS. Jack In The Box’s revenue for the quarter was down 6.6% on a year-over-year basis. As a group, equities analysts expect that Jack In The Box will post 5.33 EPS for the current year.

Insider Activity

In other news, SVP Richard D. Cook sold 1,787 shares of the firm’s stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $19.08, for a total value of $34,095.96. Following the completion of the transaction, the senior vice president directly owned 27,193 shares of the company’s stock, valued at $518,842.44. This trade represents a 6.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Steven Piano sold 1,491 shares of the business’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $19.08, for a total value of $28,448.28. Following the sale, the senior vice president owned 27,053 shares in the company, valued at approximately $516,171.24. The trade was a 5.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 7,808 shares of company stock valued at $148,449. 1.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Jack In The Box

A number of institutional investors and hedge funds have recently modified their holdings of the company. Callodine Capital Management LP grew its stake in Jack In The Box by 4.7% during the third quarter. Callodine Capital Management LP now owns 1,695,504 shares of the restaurant operator’s stock valued at $33,520,000 after acquiring an additional 75,572 shares in the last quarter. LSV Asset Management boosted its holdings in Jack In The Box by 12.0% in the 1st quarter. LSV Asset Management now owns 998,197 shares of the restaurant operator’s stock valued at $27,141,000 after purchasing an additional 106,993 shares during the period. Marshall Wace LLP grew its position in shares of 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 valued at $14,712,000 after purchasing an additional 490,071 shares in the last quarter. IPG Investment Advisors LLC raised its position in shares of Jack In The Box by 54.8% in the first quarter. IPG Investment Advisors LLC now owns 681,935 shares of the restaurant operator’s stock worth $18,840,000 after buying an additional 241,316 shares in the last quarter. Finally, Invenomic Capital Management LP raised its position 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 worth $13,920,000 after buying an additional 155,197 shares in the last quarter. 99.79% of the stock is owned by hedge funds and other institutional investors.

Jack In The Box Company Profile

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.