Jack In The Box Inc. (NASDAQ:JACK) Given Average Rating of "Hold" by Analysts

Key Points

• Analysts maintain a “Hold” consensus on Jack In The Box, with 12 hold, three buy and two sell ratings. The average 12-month price target is $15.84, with several firms recently lowering their targets.
• Jack In The Box shares opened at $17.58, up 1.2%, with a market value of approximately $335 million. The stock has traded between $8.91 and $23.86 over the past year.
• The company exceeded quarterly EPS estimates, reporting $0.76 versus expectations of $0.74, but revenue fell 24.5% year over year to $254.26 million. Director Guillermo Diaz Jr. also bought 5,962 shares at an average price of $11.51.

Shares of Jack In The Box Inc. (NASDAQ:JACK - Get Free Report) have been assigned an average rating of "Hold" from the seventeen ratings firms that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $15.8438.

JACK has been the subject of several research analyst reports. Oppenheimer cut their price objective on Jack In The Box from $27.00 to $22.00 and set an "outperform" rating for the company in a research report on Thursday, May 14th. Sanford C. Bernstein set a $15.00 price objective on Jack In The Box in a research note on Thursday, May 14th. Royal Bank Of Canada decreased their target price on Jack In The Box from $17.00 to $16.00 and set an "outperform" rating on the stock in a report on Thursday, May 14th. UBS Group lowered their target price on Jack In The Box from $23.00 to $14.00 and set a "neutral" rating for the company in a research note on Thursday, May 14th. Finally, TD Cowen cut their price target on Jack In The Box from $16.00 to $12.00 and set a "hold" rating for the company in a report on Tuesday, April 14th.

Jack In The Box Trading Up 1.2%

NASDAQ JACK opened at $17.58 on Friday. The firm has a market cap of $335.25 million, a price-to-earnings ratio of 9.50, a PEG ratio of 0.97 and a beta of 1.38. The company has a 50 day moving average of $14.54 and a 200-day moving average of $14.71. Jack In The Box has a 1-year low of $8.91 and a 1-year high of $23.86.

Jack In The Box (NASDAQ:JACK - Get Free Report) last posted its earnings results on Wednesday, May 13th. The restaurant operator reported $0.76 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.74 by $0.02. The company had revenue of $254.26 million during the quarter, compared to analysts' expectations of $256.55 million. Jack In The Box had a net margin of 2.82% and a negative return on equity of 6.34%. Jack In The Box's quarterly revenue was down 24.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.20 earnings per share. On average, analysts forecast that Jack In The Box will post 3.42 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Guillermo Diaz, Jr. acquired 5,962 shares of the stock in a transaction on Thursday, May 28th. The stock was purchased at an average price of $11.51 per share, for a total transaction of $68,622.62. Following the transaction, the director owned 20,692 shares of the company's stock, valued at $238,164.92. The trade was a 40.48% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.40% of the stock is currently owned by corporate insiders.

Institutional Trading of Jack In The Box

Several hedge funds have recently modified their holdings of JACK. US Bancorp DE increased its holdings in shares of Jack In The Box by 96.7% in 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 in the last quarter. Allworth Financial LP lifted its holdings in Jack In The Box by 322.6% during the 4th quarter. Allworth Financial LP now owns 1,475 shares of the restaurant operator's stock worth $28,000 after buying an additional 1,126 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in Jack In The Box by 3,604.0% during 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. Russell Investments Group Ltd. boosted its position in Jack In The Box by 882.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 3,144 shares of the restaurant operator's stock valued at $62,000 after buying an additional 2,824 shares during the last quarter. Finally, Inspire Investing LLC bought a new position in Jack In The Box in the 4th quarter valued at $100,000. 99.79% of the stock is 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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