Royal Bank Of Canada Lowers Jack In The Box (NASDAQ:JACK) Price Target to $17.00

Key Points

• Royal Bank Of Canada cut its price target on Jack In The Box from $25.00 to $17.00 while maintaining an "outperform" rating, a target that still implies roughly 37% upside from the prior close.
• Analyst consensus is a Hold with an average price target of $21.18; of covering analysts 4 rate Buy, 12 Hold and 2 Sell.
• Shares traded at $12.40 (down ~1.6%), and the company recently missed EPS (reported $1.00 vs. $1.10 expected), posting a negative net margin (-8.69%) and a 5.8% year‑over‑year revenue decline.

Jack In The Box (NASDAQ:JACK - Get Free Report) had its price target dropped by research analysts at Royal Bank Of Canada from $25.00 to $17.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has an "outperform" rating on the restaurant operator's stock. Royal Bank Of Canada's price objective points to a potential upside of 37.07% from the company's previous close.

Other equities analysts have also recently issued reports about the company. UBS Group boosted their target price on Jack In The Box from $17.00 to $21.00 and gave the stock a "neutral" rating in a research report on Tuesday, January 6th. Barclays boosted their target price on Jack In The Box from $15.00 to $20.00 and gave the stock an "equal weight" rating in a research report on Wednesday, January 7th. Piper Sandler boosted their target price on Jack In The Box from $17.00 to $23.00 and gave the stock a "neutral" rating in a research report on Thursday, February 19th. Mizuho reduced their target price on Jack In The Box from $18.00 to $11.00 and set a "neutral" rating for the company in a research report on Thursday, April 2nd. Finally, Weiss Ratings restated a "sell (e+)" rating on shares of Jack In The Box in a research report on Tuesday, April 21st. Four research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $21.18.

Jack In The Box Trading Down 1.6%

Shares of NASDAQ JACK traded down $0.20 during mid-day trading on Friday, hitting $12.40. The company had a trading volume of 135,949 shares, compared to its average volume of 731,616. The company has a market capitalization of $236.13 million, a price-to-earnings ratio of -2.03, a P/E/G ratio of 0.69 and a beta of 1.32. Jack In The Box has a 1 year low of $8.91 and a 1 year high of $29.40. The stock's 50-day moving average price is $12.76 and its 200-day moving average price is $16.99.

Jack In The Box (NASDAQ:JACK - Get Free Report) last posted its earnings results on Wednesday, February 18th. The restaurant operator reported $1.00 EPS for the quarter, missing the consensus estimate of $1.10 by ($0.10). Jack In The Box had a negative return on equity of 7.12% and a negative net margin of 8.69%.The business had revenue of $349.52 million for the quarter, compared to analysts' expectations of $355.73 million. During the same quarter in the previous year, the firm earned $1.86 earnings per share. Jack In The Box's quarterly revenue was down 5.8% compared to the same quarter last year. As a group, equities research analysts forecast that Jack In The Box will post 3.36 earnings per share for the current year.

Institutional Investors Weigh In On Jack In The Box

Several hedge funds have recently added to or reduced their stakes in the company. Callodine Capital Management LP lifted its stake in Jack In The Box by 0.3% during the fourth quarter. Callodine Capital Management LP now owns 1,700,504 shares of the restaurant operator's stock worth $32,225,000 after purchasing an additional 5,000 shares during the last quarter. Nantahala Capital Management LLC lifted its stake in Jack In The Box by 44.3% during the fourth quarter. Nantahala Capital Management LLC now owns 865,990 shares of the restaurant operator's stock worth $16,411,000 after purchasing an additional 265,990 shares during the last quarter. Marshall Wace LLP lifted its stake in shares of Jack In The Box by 192.9% in the 3rd quarter. Marshall Wace LLP now owns 744,141 shares of the restaurant operator's stock valued at $14,712,000 after acquiring an additional 490,071 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Jack In The Box by 18.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 639,060 shares of the restaurant operator's stock valued at $12,110,000 after acquiring an additional 97,326 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of Jack In The Box by 1.9% in the 4th quarter. JPMorgan Chase & Co. now owns 396,673 shares of the restaurant operator's stock valued at $7,517,000 after acquiring an additional 7,346 shares during the last quarter. 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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