Jack In The Box Inc. (NASDAQ:JACK) Receives Consensus Rating of "Hold" from Brokerages

Key Points

• Jack In The Box has a consensus “Hold” rating from 18 analysts: 13 recommend holding, three recommend buying, and two recommend selling. The average 12-month price target is $17.22.
• Recent analyst views were mixed, with price-target increases from Mizuho, RBC, and Citigroup, while Goldman Sachs cut its target to $12 and maintained a “sell” rating; Guggenheim also downgraded the stock to “neutral.”
• The company beat quarterly EPS expectations at $0.96 versus $0.88, but revenue fell 22.6% year over year to $257.66 million, below estimates. Shares opened at $15.86, and institutional investors own 99.79% of the stock.

Jack In The Box Inc. (NASDAQ:JACK - Get Free Report) has received a consensus rating of "Hold" from the eighteen ratings firms that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, thirteen have given a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $17.2188.

A number of research analysts have recently commented on JACK shares. Mizuho boosted their price target on shares of Jack In The Box from $13.00 to $16.00 and gave the company a "neutral" rating in a research report on Thursday, August 13th. Royal Bank Of Canada increased their price objective on Jack In The Box from $16.00 to $22.00 and gave the stock an "outperform" rating in a research report on Thursday, August 13th. Citigroup lifted their price objective on Jack In The Box from $17.00 to $20.00 and gave the company a "neutral" rating in a research note on Thursday, August 13th. The Goldman Sachs Group reduced their target price on Jack In The Box from $17.00 to $12.00 and set a "sell" rating for the company in a research report on Friday, May 15th. Finally, Guggenheim lowered Jack In The Box from a "buy" rating to a "neutral" rating in a research note on Thursday, May 28th.

Jack In The Box Trading Up 1.5%

Shares of Jack In The Box stock opened at $15.86 on Thursday. The company's 50-day moving average price is $16.21 and its 200-day moving average price is $14.12. Jack In The Box has a 12-month low of $8.91 and a 12-month high of $23.86. The company has a market cap of $304.19 million, a price-to-earnings ratio of 9.17, a PEG ratio of 0.93 and a beta of 1.38.

Jack In The Box (NASDAQ:JACK - Get Free Report) last issued its quarterly earnings data on Wednesday, August 12th. The restaurant operator reported $0.96 EPS for the quarter, beating the consensus estimate of $0.88 by $0.08. The company had revenue of $257.66 million during the quarter, compared to analysts' expectations of $264.60 million. Jack In The Box had a net margin of 2.84% and a negative return on equity of 6.33%. Jack In The Box's revenue for the quarter was down 22.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.02 earnings per share. On average, sell-side analysts predict that Jack In The Box will post 3.14 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Allworth Financial LP increased its position in shares of Jack In The Box by 322.6% in the fourth quarter. Allworth Financial LP now owns 1,475 shares of the restaurant operator's stock worth $28,000 after purchasing an additional 1,126 shares during the last quarter. US Bancorp DE lifted its position in Jack In The Box by 96.7% during the third quarter. US Bancorp DE now owns 1,420 shares of the restaurant operator's stock valued at $28,000 after purchasing an additional 698 shares during the last quarter. Legal & General Group Plc bought a new stake in Jack In The Box during the second quarter valued at approximately $30,000. Northwestern Mutual Wealth Management Co. grew its stake in Jack In The Box by 3,604.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,852 shares of the restaurant operator's stock worth $35,000 after buying an additional 1,802 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in Jack In The Box in the 2nd quarter worth approximately $48,000. Hedge funds and other institutional investors own 99.79% of the company's stock.

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.

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