Jack In The Box (NASDAQ:JACK) Price Target Lowered to $16.00 at Truist Financial

Jack In The Box (NASDAQ:JACK) had its price objective cut by Truist Financial from $19.00 to $16.00 in a report published on Thursday morning,Benzinga reports. They currently have a hold rating on the restaurant operator’s stock.

Other equities research analysts have also recently issued reports about the company. Weiss Ratings restated a “sell (e+)” rating on shares of Jack In The Box in a research note on Wednesday, October 8th. Oppenheimer reduced their target price on shares of Jack In The Box from $44.00 to $28.00 and set an “outperform” rating for the company in a report on Thursday, August 7th. TD Cowen lowered their price target on shares of Jack In The Box from $21.00 to $16.00 and set a “hold” rating on the stock in a report on Thursday. Morgan Stanley set a $20.00 price objective on shares of Jack In The Box in a research report on Tuesday, October 21st. Finally, Mizuho raised shares of Jack In The Box to a “hold” rating in a research report on Tuesday, October 28th. Five analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $23.90.

Jack In The Box Stock Up 3.1%

Shares of NASDAQ JACK traded up $0.48 during midday trading on Thursday, reaching $15.98. 195,957 shares of the company’s stock traded hands, compared to its average volume of 1,040,776. The stock’s 50 day simple moving average is $17.66 and its 200-day simple moving average is $19.45. Jack In The Box has a one year low of $13.99 and a one year high of $50.45. The company has a market cap of $301.79 million, a price-to-earnings ratio of -4.62 and a beta of 1.20.

Jack In The Box (NASDAQ:JACK) last issued its quarterly earnings data on Wednesday, November 19th. The restaurant operator reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.16). The business had revenue of $326.19 million during 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 quarterly revenue was down 6.6% on a year-over-year basis. During the same period last year, the firm earned $1.16 EPS. Equities analysts predict that Jack In The Box will post 5.33 EPS for the current fiscal year.

Institutional Trading of Jack In The Box

Several large investors have recently added to or reduced their stakes in JACK. GAMMA Investing LLC increased its holdings in shares of Jack In The Box by 165.5% in the third quarter. GAMMA Investing LLC now owns 1,341 shares of the restaurant operator’s stock valued at $27,000 after purchasing an additional 836 shares during the period. US Bancorp DE lifted its holdings in shares of Jack In The Box by 96.7% during the third quarter. US Bancorp DE now owns 1,420 shares of the restaurant operator’s stock worth $28,000 after purchasing an additional 698 shares during the period. Quent Capital LLC purchased a new stake in Jack In The Box in the third quarter valued at approximately $42,000. Hantz Financial Services Inc. increased its holdings in Jack In The Box by 136.0% in the 3rd quarter. Hantz Financial Services Inc. now owns 2,318 shares of the restaurant operator’s stock worth $46,000 after buying an additional 1,336 shares during the period. Finally, Caitong International Asset Management Co. Ltd raised its position in Jack In The Box by 7,023.3% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 2,137 shares of the restaurant operator’s stock worth $58,000 after buying an additional 2,107 shares during the last quarter. Hedge funds and other institutional investors own 99.79% of the company’s stock.

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.