Jack In The Box Inc. (NASDAQ:JACK) Stock Now Rated "Hold" by Sell-Side Brokerages

Key Points

• Jack In The Box holds a consensus “Hold” rating among 18 analysts, with two sells, 13 holds and three buys. The average 12-month price target is $17.22.
• The company beat quarterly earnings expectations, reporting $0.96 EPS versus the $0.88 consensus, but revenue of $257.66 million missed estimates and declined 22.6% year over year.
• Institutional investors own 99.79% of the stock, with several major funds—including BlackRock and Biglari Capital—initiating positions during the second quarter.

Jack In The Box Inc. (NASDAQ:JACK - Get Free Report) has been assigned an average rating of "Hold" from the eighteen research firms that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $17.22.

A number of equities analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $16.00 price target on shares of Jack In The Box in a research note on Thursday, August 13th. Citigroup boosted their target price on Jack In The Box from $17.00 to $20.00 and gave the company a "neutral" rating in a research report on Thursday, August 13th. Mizuho upped their target price on Jack In The Box from $13.00 to $16.00 and gave the company a "neutral" rating in a research note on Thursday, August 13th. Weiss Ratings reiterated a "sell (d)" rating on shares of Jack In The Box in a report on Tuesday, August 11th. Finally, UBS Group boosted their price objective on Jack In The Box from $14.00 to $20.00 and gave the company a "neutral" rating in a report on Thursday, August 13th.

Jack In The Box Stock Performance

Shares of Jack In The Box stock opened at $13.45 on Monday. The stock has a market cap of $257.97 million, a price-to-earnings ratio of 7.77, a price-to-earnings-growth ratio of 0.80 and a beta of 1.38. The stock has a 50 day moving average price of $15.77 and a 200-day moving average price of $13.74. Jack In The Box has a one year low of $8.91 and a one year high of $23.86.

Jack In The Box (NASDAQ:JACK - Get Free Report) last released its quarterly earnings results on Wednesday, August 12th. The restaurant operator reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.08. The company had revenue of $257.66 million for the quarter, compared to analyst estimates of $264.60 million. Jack In The Box had a negative return on equity of 6.33% and a net margin of 2.84%.Jack In The Box's quarterly revenue was down 22.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.02 EPS. Sell-side analysts predict that Jack In The Box will post 3.15 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Biglari Sardar purchased a new stake in Jack In The Box in the 2nd quarter valued at about $3,171,755. Bank of New York Mellon Corp bought a new stake in shares of Jack In The Box during the second quarter valued at approximately $1,709,000. Biglari Capital CORP. bought a new stake in shares of Jack In The Box during the second quarter valued at approximately $26,618,538. BlackRock Inc. purchased a new stake in shares of Jack In The Box in the second quarter valued at approximately $21,222,000. Finally, Windward Management LP purchased a new stake in shares of Jack In The Box in the second quarter valued at approximately $2,883,807. 99.79% of the stock is currently owned by institutional investors.

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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