Jack In The Box Inc. (NASDAQ:JACK) Receives Average Rating of “Hold” from Brokerages

Jack In The Box Inc. (NASDAQ:JACK) has been assigned a consensus rating of “Hold” from the eighteen research firms that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $21.1765.

Several equities analysts have weighed in on JACK shares. Truist Financial boosted their target price on shares of Jack In The Box from $16.00 to $18.00 and gave the company a “hold” rating in a report on Thursday, January 8th. 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. Royal Bank Of Canada decreased their price objective on shares of Jack In The Box from $25.00 to $17.00 and set an “outperform” rating on the stock in a report on Friday, May 1st. Wall Street Zen upgraded shares of Jack In The Box from a “sell” rating to a “hold” rating in a report on Saturday, February 21st. Finally, Stifel Nicolaus decreased their price objective on shares of Jack In The Box from $18.00 to $10.00 and set a “hold” rating on the stock in a report on Tuesday, March 31st.

Hedge Funds Weigh In On Jack In The Box

Several large investors have recently made changes to their positions in JACK. Marshall Wace LLP lifted its holdings in shares of 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 acquiring an additional 490,071 shares during the last quarter. Windward Management LP acquired a new position in shares of Jack In The Box in the 4th quarter worth approximately $7,394,000. Janus Henderson Group PLC acquired a new position in shares of Jack In The Box in the 4th quarter worth approximately $5,591,000. Nantahala Capital Management LLC lifted its holdings in shares of Jack In The Box by 44.3% in the 4th quarter. Nantahala Capital Management LLC now owns 865,990 shares of the restaurant operator’s stock worth $16,411,000 after acquiring an additional 265,990 shares during the last quarter. Finally, Readystate Asset Management LP acquired a new position in shares of Jack In The Box in the 4th quarter worth approximately $4,268,000. 99.79% of the stock is currently owned by institutional investors and hedge funds.

Jack In The Box Price Performance

NASDAQ:JACK opened at $12.84 on Friday. The firm has a market capitalization of $244.47 million, a price-to-earnings ratio of -2.09, a PEG ratio of 0.67 and a beta of 1.45. The company’s 50-day moving average is $12.68 and its two-hundred day moving average is $16.92. Jack In The Box has a 1-year low of $8.91 and a 1-year high of $29.40.

Jack In The Box (NASDAQ:JACK) last posted its earnings results on Wednesday, February 18th. The restaurant operator reported $1.00 earnings per share for the quarter, missing the consensus estimate of $1.10 by ($0.10). The firm had revenue of $349.52 million during the quarter, compared to analyst estimates of $355.73 million. Jack In The Box had a negative net margin of 8.69% and a negative return on equity of 7.12%. The business’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.86 earnings per share. As a group, equities analysts anticipate that Jack In The Box will post 3.36 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.