Jack In The Box (NASDAQ:JACK) Rating Increased to Neutral at Northcoast Research

Jack In The Box (NASDAQ:JACK) was upgraded by Northcoast Research from a “sell” rating to a “neutral” rating in a research note issued on Friday, MarketBeat Ratings reports.

Several other equities research analysts also recently issued reports on the stock. Cowen set a $16.00 price objective on shares of Jack In The Box in a research note on Thursday. The Goldman Sachs Group reduced their target price on shares of Jack In The Box from $17.00 to $15.00 and set a “sell” rating on the stock in a report on Thursday. Royal Bank Of Canada decreased their price target on shares of Jack In The Box from $22.00 to $16.00 and set an “outperform” rating for the company in a research report on Thursday. Zacks Research raised Jack In The Box from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 7th. Finally, Bank of America initiated coverage on Jack In The Box in a research note on Monday, October 13th. They set a “buy” rating and a $22.00 price objective on the stock. Five research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $24.25.

Jack In The Box Price Performance

Shares of NASDAQ:JACK opened at $15.50 on Friday. The business has a 50-day moving average of $17.66 and a two-hundred day moving average of $19.45. The firm has a market capitalization of $292.69 million, a PE ratio of -4.49 and a beta of 1.20. Jack In The Box has a 12 month low of $13.99 and a 12 month high of $50.45.

Jack In The Box (NASDAQ:JACK) last issued its earnings results on Wednesday, November 19th. The restaurant operator reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.16). The firm had revenue of $326.19 million for the quarter, compared to analysts’ expectations 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 firm’s revenue for the quarter was down 6.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.16 EPS. As a group, research analysts anticipate that Jack In The Box will post 5.33 earnings per share for the current year.

Institutional Trading of Jack In The Box

Hedge funds and other institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC raised its holdings in 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 acquiring an additional 836 shares in the last quarter. US Bancorp DE increased its position in shares of Jack In The Box by 96.7% in the 3rd 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 last quarter. Quent Capital LLC acquired a new stake in shares of Jack In The Box in the 3rd quarter valued at about $42,000. Hantz Financial Services Inc. lifted its position in shares of Jack In The Box by 136.0% during the third quarter. Hantz Financial Services Inc. now owns 2,318 shares of the restaurant operator’s stock worth $46,000 after purchasing an additional 1,336 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its stake in Jack In The Box by 7,023.3% in the first quarter. Caitong International Asset Management Co. Ltd now owns 2,137 shares of the restaurant operator’s stock worth $58,000 after purchasing an additional 2,107 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.