Morgan Stanley Trims Jack in the Box (NASDAQ:JACK) Target Price to $75.00

Jack in the Box (NASDAQ:JACK) had its price target cut by equities research analysts at Morgan Stanley from $80.00 to $75.00 in a report issued on Friday, Benzinga reports. The firm currently has an “equal weight” rating on the restaurant operator’s stock. Morgan Stanley’s target price indicates a potential upside of 26.43% from the stock’s current price.

Several other research analysts also recently issued reports on JACK. Oppenheimer reissued an “outperform” rating and set a $98.00 price objective on shares of Jack in the Box in a research report on Thursday, February 22nd. TD Cowen reiterated a “hold” rating and set a $82.00 price target on shares of Jack in the Box in a report on Wednesday. Robert W. Baird lowered their price objective on shares of Jack in the Box from $85.00 to $80.00 and set a “neutral” rating for the company in a research note on Thursday, February 22nd. Royal Bank of Canada upped their price target on shares of Jack in the Box from $78.00 to $82.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. Finally, Barclays decreased their price target on shares of Jack in the Box from $86.00 to $80.00 and set an “equal weight” rating for the company in a research report on Friday, February 23rd. Ten analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $86.67.

Jack in the Box Stock Down 2.2 %

Jack in the Box stock traded down $1.31 during mid-day trading on Friday, reaching $59.32. 172,035 shares of the company’s stock were exchanged, compared to its average volume of 411,108. The company has a market cap of $1.17 billion, a P/E ratio of 10.43, a P/E/G ratio of 0.74 and a beta of 1.76. Jack in the Box has a twelve month low of $59.30 and a twelve month high of $99.56. The company has a fifty day moving average of $71.26 and a 200-day moving average of $72.32.

Jack in the Box (NASDAQ:JACK) last announced its quarterly earnings data on Wednesday, February 21st. The restaurant operator reported $1.95 EPS for the quarter, meeting analysts’ consensus estimates of $1.95. Jack in the Box had a net margin of 7.03% and a negative return on equity of 17.24%. The company had revenue of $487.50 million for the quarter, compared to the consensus estimate of $480.76 million. During the same period in the prior year, the firm posted $2.01 EPS. The company’s quarterly revenue was down 7.5% compared to the same quarter last year. Equities research analysts expect that Jack in the Box will post 6.39 earnings per share for the current fiscal year.

Insider Transactions at Jack in the Box

In related news, Director Michael W. Murphy sold 1,332 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $72.58, for a total transaction of $96,676.56. Following the completion of the transaction, the director now owns 71,035 shares in the company, valued at approximately $5,155,720.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Ancora Advisors LLC acquired a new position in Jack in the Box during the 1st quarter valued at about $25,000. Advisors Asset Management Inc. boosted its stake in Jack in the Box by 102.6% during the 4th quarter. Advisors Asset Management Inc. now owns 468 shares of the restaurant operator’s stock valued at $32,000 after purchasing an additional 237 shares during the period. Tower Research Capital LLC TRC boosted its stake in Jack in the Box by 45.8% during the 1st quarter. Tower Research Capital LLC TRC now owns 621 shares of the restaurant operator’s stock valued at $54,000 after purchasing an additional 195 shares during the period. Householder Group Estate & Retirement Specialist LLC acquired a new position in Jack in the Box during the 3rd quarter valued at about $66,000. Finally, Lazard Asset Management LLC boosted its stake in Jack in the Box by 211.9% during the 2nd quarter. Lazard Asset Management LLC now owns 1,341 shares of the restaurant operator’s stock valued at $130,000 after purchasing an additional 911 shares during the period. 99.79% of the stock is owned by institutional investors and hedge funds.

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.