TD Securities Cuts Jack in the Box (NASDAQ:JACK) Price Target to $31.00

Jack in the Box (NASDAQ:JACK) had its price target decreased by equities research analysts at TD Securities from $40.00 to $31.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has a “hold” rating on the restaurant operator’s stock. TD Securities’ price objective suggests a potential upside of 26.48% from the company’s current price.

A number of other research analysts have also weighed in on the company. Morgan Stanley cut their price objective on Jack in the Box from $53.00 to $45.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 21st. Stifel Nicolaus set a $32.00 price target on Jack in the Box and gave the stock a “buy” rating in a report on Monday. StockNews.com upgraded shares of Jack in the Box from a “sell” rating to a “hold” rating in a research report on Thursday, February 27th. Sanford C. Bernstein set a $24.00 target price on shares of Jack in the Box in a research report on Tuesday, April 22nd. Finally, Oppenheimer decreased their price objective on shares of Jack in the Box from $60.00 to $52.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $44.00.

Jack in the Box Trading Up 2.3 %

Jack in the Box stock opened at $24.51 on Monday. The company has a fifty day simple moving average of $29.90 and a 200 day simple moving average of $38.89. The company has a market cap of $462.21 million, a P/E ratio of -12.57, a price-to-earnings-growth ratio of 1.29 and a beta of 1.81. Jack in the Box has a 1-year low of $22.01 and a 1-year high of $60.73.

Jack in the Box (NASDAQ:JACK) last announced its earnings results on Tuesday, February 25th. The restaurant operator reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $0.21. Jack in the Box had a negative return on equity of 15.79% and a negative net margin of 2.34%. The company had revenue of $469.44 million for the quarter, compared to analysts’ expectations of $470.47 million. On average, equities research analysts forecast that Jack in the Box will post 5.33 EPS for the current year.

Institutional Investors Weigh In On Jack in the Box

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC raised its stake in shares of Jack in the Box by 96.7% during the fourth quarter. Quadrant Capital Group LLC now owns 899 shares of the restaurant operator’s stock worth $37,000 after buying an additional 442 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Jack in the Box during the fourth quarter worth $40,000. GAMMA Investing LLC lifted its stake in shares of Jack in the Box by 229.7% in the fourth quarter. GAMMA Investing LLC now owns 1,055 shares of the restaurant operator’s stock worth $44,000 after acquiring an additional 735 shares during the period. KBC Group NV lifted its stake in Jack in the Box by 99.5% in the fourth quarter. KBC Group NV now owns 1,235 shares of the restaurant operator’s stock valued at $51,000 after buying an additional 616 shares during the period. Finally, PNC Financial Services Group Inc. grew its holdings in Jack in the Box by 168.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,558 shares of the restaurant operator’s stock worth $65,000 after buying an additional 978 shares in the last quarter. 99.79% of the stock is currently owned by institutional investors and hedge funds.

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.