Stifel Nicolaus Cuts Jack In The Box (NASDAQ:JACK) Price Target to $18.00

Jack In The Box (NASDAQ:JACK) had its price objective cut by Stifel Nicolaus from $20.00 to $18.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “hold” rating on the restaurant operator’s stock. Stifel Nicolaus’ price target would suggest a potential upside of 25.17% from the stock’s current price.

A number of other equities research analysts also recently weighed in on the company. Mizuho upgraded Jack In The Box to a “hold” rating in a report on Tuesday, October 28th. Royal Bank Of Canada decreased their price objective on shares of Jack In The Box from $30.00 to $22.00 and set an “outperform” rating for the company in a report on Thursday, August 7th. Truist Financial lowered their target price on shares of Jack In The Box from $22.00 to $19.00 and set a “hold” rating for the company in a research note on Thursday, August 7th. Zacks Research upgraded shares of Jack In The Box from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 7th. Finally, Barclays decreased their price target on shares of Jack In The Box from $19.00 to $17.00 and set an “equal weight” rating for the company in a report on Wednesday, October 22nd. Five equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $26.68.

Jack In The Box Stock Performance

JACK opened at $14.38 on Thursday. The company has a market capitalization of $271.54 million, a P/E ratio of -4.17 and a beta of 1.20. The company has a 50-day moving average of $17.71 and a 200-day moving average of $19.48. Jack In The Box has a 1-year low of $13.99 and a 1-year high of $50.45.

Jack In The Box (NASDAQ:JACK) last issued its quarterly earnings results 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 company had revenue of $326.19 million for the quarter, compared to the consensus estimate of $324.23 million. Jack In The Box had a negative return on equity of 11.31% and a negative net margin of 4.34%.The business’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.16 EPS. As a group, sell-side analysts expect that Jack In The Box will post 5.33 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of JACK. Callodine Capital Management LP increased its stake in shares of Jack In The Box by 4.7% in 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 purchasing an additional 75,572 shares during the period. LSV Asset Management grew 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 worth $27,141,000 after buying an additional 106,993 shares in the last quarter. Marshall Wace LLP grew its holdings in Jack In The Box by 192.9% in the 3rd quarter. Marshall Wace LLP now owns 744,141 shares of the restaurant operator’s stock worth $14,712,000 after buying an additional 490,071 shares in the last quarter. IPG Investment Advisors LLC increased its position in Jack In The Box by 54.8% in the 1st quarter. IPG Investment Advisors LLC now owns 681,935 shares of the restaurant operator’s stock valued at $18,840,000 after acquiring an additional 241,316 shares during the period. Finally, Invenomic Capital Management LP raised its stake in Jack In The Box by 43.5% during the 1st quarter. Invenomic Capital Management LP now owns 511,954 shares of the restaurant operator’s stock valued at $13,920,000 after acquiring an additional 155,197 shares in the last quarter. Institutional investors own 99.79% of the company’s stock.

About Jack In The Box

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.