Jack In The Box (NASDAQ:JACK) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Jack In The Box (NASDAQ:JACK) issued its quarterly earnings data on Wednesday. The restaurant operator reported $0.76 EPS for the quarter, topping the consensus estimate of $0.74 by $0.02, FiscalAI reports. Jack In The Box had a negative net margin of 8.69% and a negative return on equity of 7.12%. The firm had revenue of $254.26 million for the quarter, compared to analyst estimates of $256.55 million.

Jack In The Box Trading Down 5.7%

JACK traded down $0.78 during trading hours on Wednesday, hitting $12.79. 1,440,957 shares of the company’s stock were exchanged, compared to its average volume of 740,781. Jack In The Box has a 12-month low of $8.91 and a 12-month high of $25.95. The firm has a 50 day moving average of $12.34 and a 200 day moving average of $16.78. The firm has a market cap of $243.52 million, a P/E ratio of -2.08, a price-to-earnings-growth ratio of 0.75 and a beta of 1.45.

Analysts Set New Price Targets

Several brokerages have recently commented on JACK. Mizuho decreased their price objective on shares of Jack In The Box from $18.00 to $11.00 and set a “neutral” rating on the stock in a report on Thursday, April 2nd. Weiss Ratings restated a “sell (e+)” rating on shares of Jack In The Box in a report on Tuesday, April 21st. Citigroup decreased their price objective on shares of Jack In The Box from $24.00 to $15.00 and set a “neutral” rating on the stock in a report on Wednesday, April 29th. Piper Sandler upped their price objective on shares of Jack In The Box from $17.00 to $23.00 and gave the stock a “neutral” rating in a report on Thursday, February 19th. Finally, TD Cowen decreased their price objective on shares of Jack In The Box from $16.00 to $12.00 and set a “hold” rating on the stock in a report on Tuesday, April 14th. Four investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Jack In The Box currently has a consensus rating of “Hold” and an average price target of $21.18.

Institutional Investors Weigh In On Jack In The Box

Several large investors have recently added to or reduced their stakes in JACK. Marshall Wace LLP increased its stake in 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 worth $14,712,000 after buying an additional 490,071 shares during the period. Windward Management LP purchased a new stake in Jack In The Box during the 4th quarter worth approximately $7,394,000. Janus Henderson Group PLC purchased a new stake in Jack In The Box during the 4th quarter worth approximately $5,591,000. Nantahala Capital Management LLC increased its stake in Jack In The Box by 44.3% during the 4th quarter. Nantahala Capital Management LLC now owns 865,990 shares of the restaurant operator’s stock worth $16,411,000 after buying an additional 265,990 shares during the period. Finally, Readystate Asset Management LP purchased a new stake in Jack In The Box during the 4th quarter worth approximately $4,268,000. 99.79% of the stock is owned by hedge funds and other 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.