Jack in the Box (NASDAQ:JACK) Stock Rating Lowered by StockNews.com

Jack in the Box (NASDAQ:JACK) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Wednesday.

A number of other brokerages also recently issued reports on JACK. Loop Capital decreased their price target on shares of Jack in the Box from $118.00 to $112.00 and set a “buy” rating for the company in a research note on Wednesday, May 15th. Barclays decreased their price target on shares of Jack in the Box from $80.00 to $60.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 15th. TD Cowen decreased their price target on shares of Jack in the Box from $59.00 to $57.00 and set a “hold” rating for the company in a research note on Wednesday. Royal Bank of Canada decreased their price target on shares of Jack in the Box from $75.00 to $70.00 and set an “outperform” rating for the company in a research note on Wednesday. Finally, UBS Group decreased their price target on shares of Jack in the Box from $60.00 to $55.00 and set a “neutral” rating for the company in a research note on Wednesday. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $71.61.

Jack in the Box Stock Down 3.1 %

Shares of JACK traded down $1.65 during trading on Wednesday, reaching $51.38. 1,397,573 shares of the company traded hands, compared to its average volume of 490,333. Jack in the Box has a twelve month low of $46.10 and a twelve month high of $96.82. The stock has a market cap of $996.26 million, a PE ratio of 9.05, a price-to-earnings-growth ratio of 0.76 and a beta of 1.91. The stock has a 50-day simple moving average of $53.31 and a 200-day simple moving average of $61.76.

Jack in the Box (NASDAQ:JACK) last announced its quarterly earnings data on Tuesday, August 6th. The restaurant operator reported $1.65 earnings per share for the quarter, beating analysts’ consensus estimates of $1.51 by $0.14. The firm had revenue of $369.17 million during the quarter, compared to analysts’ expectations of $371.81 million. Jack in the Box had a net margin of 7.07% and a negative return on equity of 16.97%. The business’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.45 earnings per share. On average, equities research analysts predict that Jack in the Box will post 6.29 EPS for the current year.

Insider Transactions at Jack in the Box

In related news, CEO Darin S. Harris sold 598 shares of the stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $51.64, for a total value of $30,880.72. Following the sale, the chief executive officer now directly owns 90,887 shares of the company’s stock, valued at approximately $4,693,404.68. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders have sold a total of 800 shares of company stock valued at $41,514 in the last ninety days. 1.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JACK. PNC Financial Services Group Inc. increased its position in Jack in the Box by 9.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,993 shares of the restaurant operator’s stock worth $163,000 after purchasing an additional 179 shares in the last quarter. Quadrant Capital Group LLC increased its position in Jack in the Box by 21.8% during the 4th quarter. Quadrant Capital Group LLC now owns 1,541 shares of the restaurant operator’s stock worth $126,000 after purchasing an additional 276 shares in the last quarter. Illinois Municipal Retirement Fund increased its position in Jack in the Box by 2.5% during the 1st quarter. Illinois Municipal Retirement Fund now owns 11,378 shares of the restaurant operator’s stock worth $779,000 after purchasing an additional 277 shares in the last quarter. EntryPoint Capital LLC grew its position in Jack in the Box by 73.2% in the first quarter. EntryPoint Capital LLC now owns 866 shares of the restaurant operator’s stock valued at $59,000 after acquiring an additional 366 shares in the last quarter. Finally, Inspire Investing LLC grew its position in Jack in the Box by 8.8% in the first quarter. Inspire Investing LLC now owns 5,796 shares of the restaurant operator’s stock valued at $397,000 after acquiring an additional 471 shares in the last quarter. 99.79% of the stock is currently owned by hedge funds and other institutional investors.

About Jack in the Box

Jack in the Box Inc operates and franchises Jack in the Box and Del Taco quick-service restaurants in the United States. The company was founded in 1951 and is headquartered in San Diego, California.