Jack In The Box Inc. (NASDAQ:JACK) Receives $15.84 Consensus Target Price from Analysts

Shares of Jack In The Box Inc. (NASDAQ:JACK) have been given a consensus rating of “Hold” by the seventeen analysts that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $15.8438.

A number of research firms recently commented on JACK. Guggenheim lowered shares of Jack In The Box from a “buy” rating to a “neutral” rating in a research report on Thursday. UBS Group decreased their target price on shares of Jack In The Box from $23.00 to $14.00 and set a “neutral” rating on the stock in a report on Thursday, May 14th. Sanford C. Bernstein set a $15.00 target price on shares of Jack In The Box in a report on Thursday, May 14th. Deutsche Bank Aktiengesellschaft set a $15.00 target price on shares of Jack In The Box in a report on Thursday, May 14th. Finally, Stifel Nicolaus raised their target price on shares of Jack In The Box from $10.00 to $15.00 and gave the company a “hold” rating in a report on Thursday, May 14th.

Insider Buying and Selling

In related news, Director Guillermo Diaz, Jr. purchased 5,962 shares of Jack In The Box stock in a transaction dated Thursday, May 28th. The shares were bought at an average cost of $11.51 per share, for a total transaction of $68,622.62. Following the purchase, the director owned 20,692 shares in the company, valued at approximately $238,164.92. This trade represents a 40.48% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Jack In The Box

Large investors have recently modified their holdings of the business. Bank of America Corp DE grew its position in shares of Jack In The Box by 21.2% in the 1st quarter. Bank of America Corp DE now owns 622,779 shares of the restaurant operator’s stock valued at $6,022,000 after buying an additional 108,865 shares during the last quarter. Seven Six Capital Management LLC boosted its stake in shares of Jack In The Box by 53.0% in the 1st quarter. Seven Six Capital Management LLC now owns 181,150 shares of the restaurant operator’s stock valued at $1,752,000 after purchasing an additional 62,750 shares during the last quarter. Quantinno Capital Management LP boosted its stake in shares of Jack In The Box by 112.8% in the 1st quarter. Quantinno Capital Management LP now owns 80,678 shares of the restaurant operator’s stock valued at $780,000 after purchasing an additional 42,763 shares during the last quarter. Callodine Capital Management LP boosted its stake in shares of Jack In The Box by 3.5% in the 1st quarter. Callodine Capital Management LP now owns 1,760,470 shares of the restaurant operator’s stock valued at $17,024,000 after purchasing an additional 59,966 shares during the last quarter. Finally, Bank of Nova Scotia bought a new stake in shares of Jack In The Box in the 1st quarter valued at $102,000. Institutional investors own 99.79% of the company’s stock.

Jack In The Box Trading Up 7.7%

Shares of JACK opened at $12.45 on Tuesday. Jack In The Box has a 12 month low of $8.91 and a 12 month high of $25.34. The firm has a fifty day simple moving average of $11.75 and a 200 day simple moving average of $16.30. The stock has a market capitalization of $237.42 million, a price-to-earnings ratio of 6.73, a PEG ratio of 0.68 and a beta of 1.45.

Jack In The Box (NASDAQ:JACK) last posted its earnings results on Wednesday, May 13th. The restaurant operator reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.02. The company had revenue of $254.26 million during the quarter, compared to analysts’ expectations of $256.55 million. Jack In The Box had a net margin of 2.82% and a negative return on equity of 6.34%. Jack In The Box’s quarterly revenue was down 24.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.20 EPS. As a group, research analysts predict that Jack In The Box will post 3.41 earnings per share for the current fiscal year.

Jack In The Box Company Profile

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.