Jack In The Box Inc. (NASDAQ:JACK) Stock Has Consensus Target Price of $16.83 According to Analysts

Key Points

• Analysts have a consensus “Reduce” rating on Jack In The Box, with 12 hold, three sell and two buy recommendations. The average 12-month price target is $16.83.
• Recent analyst actions were mixed: Citigroup and RBC raised their targets to $20 and $22, respectively, while Morgan Stanley cut its target to $14 and Zacks downgraded the stock to “strong sell.”
• Jack In The Box reported quarterly EPS of $0.96, beating estimates of $0.88, but revenue fell 22.6% year over year to $257.66 million. The stock opened at $11.41, below its 50- and 200-day moving averages.

Jack In The Box Inc. (NASDAQ:JACK - Get Free Report) has received an average rating of "Reduce" from the seventeen research firms that are presently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $16.83.

A number of equities analysts have recently issued reports on the stock. Citigroup raised their target price on shares of Jack In The Box from $17.00 to $20.00 and gave the stock a "neutral" rating in a research report on Thursday, August 13th. Weiss Ratings reiterated a "sell (d)" rating on shares of Jack In The Box in a research report on Tuesday, August 11th. Morgan Stanley reduced their price target on shares of Jack In The Box from $15.00 to $14.00 and set an "equal weight" rating for the company in a research report on Thursday, October 15th. Royal Bank Of Canada increased their price target on shares of Jack In The Box from $16.00 to $22.00 and gave the stock an "outperform" rating in a research note on Thursday, August 13th. Finally, Zacks Research downgraded shares of Jack In The Box from a "hold" rating to a "strong sell" rating in a research report on Monday, September 28th.

Institutional Trading of Jack In The Box

Several institutional investors and hedge funds have recently added to or reduced their stakes in JACK. Manning & Napier Advisors LLC grew its stake in shares of Jack In The Box by 0.4% in the 1st quarter. Manning & Napier Advisors LLC now owns 376,343 shares of the restaurant operator's stock valued at $3,639,000 after purchasing an additional 1,677 shares during the last quarter. Legal & General Group Plc acquired a new position in shares of Jack In The Box in the second quarter valued at approximately $30,000. Cetera Investment Advisers increased its holdings in shares of Jack In The Box by 8.6% in the first quarter. Cetera Investment Advisers now owns 25,027 shares of the restaurant operator's stock valued at $242,000 after purchasing an additional 1,987 shares during the period. Public Employees Retirement System of Ohio acquired a new position in shares of Jack In The Box in the second quarter valued at approximately $48,000. Finally, Versant Capital Management Inc raised its stake in shares of Jack In The Box by 106.7% during the second quarter. Versant Capital Management Inc now owns 6,107 shares of the restaurant operator's stock worth $97,000 after purchasing an additional 3,152 shares during the last quarter. 99.79% of the stock is owned by hedge funds and other institutional investors.

Jack In The Box Stock Up 3.2%

Shares of NASDAQ:JACK opened at $11.41 on Friday. Jack In The Box has a fifty-two week low of $8.91 and a fifty-two week high of $23.86. The firm's 50 day moving average price is $14.20 and its 200 day moving average price is $13.90. The stock has a market cap of $218.84 million, a price-to-earnings ratio of 6.60, a price-to-earnings-growth ratio of 0.68 and a beta of 1.41.

Jack In The Box (NASDAQ:JACK - Get Free Report) last issued its earnings results on Wednesday, August 12th. The restaurant operator reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.08. Jack In The Box had a negative return on equity of 6.33% and a net margin of 2.84%. The business had revenue of $257.66 million for the quarter, compared to analyst estimates of $264.60 million. During the same quarter last year, the company earned $1.02 EPS. The business's quarterly revenue was down 22.6% on a year-over-year basis. On average, equities analysts anticipate that Jack In The Box will post 3.16 EPS for the current 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.

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