Jack In The Box (NASDAQ:JACK) Price Target Raised to $24.00 at Citigroup

Jack In The Box (NASDAQ:JACK) had its price target increased by Citigroup from $23.00 to $24.00 in a research report sent to investors on Thursday,Benzinga reports. They currently have a neutral rating on the restaurant operator’s stock.

JACK has been the subject of several other reports. Mizuho set a $20.00 price target on Jack In The Box in a research report on Thursday, February 12th. Weiss Ratings reissued a “sell (e+)” rating on shares of Jack In The Box in a research report on Thursday, January 22nd. UBS Group increased their price target on shares of Jack In The Box from $17.00 to $21.00 and gave the company a “neutral” rating in a research note on Tuesday, January 6th. Truist Financial raised their price objective on Jack In The Box from $16.00 to $18.00 and gave the stock a “hold” rating in a report on Thursday, January 8th. Finally, Oppenheimer decreased their target price on Jack In The Box from $28.00 to $24.00 and set an “outperform” rating for the company in a research report on Thursday, November 20th. Five research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Jack In The Box presently has a consensus rating of “Hold” and an average target price of $26.10.

Jack In The Box Price Performance

Shares of JACK stock traded down $1.33 during trading on Thursday, hitting $16.69. 711,320 shares of the stock traded hands, compared to its average volume of 543,938. Jack In The Box has a 52-week low of $13.99 and a 52-week high of $41.09. The firm has a market capitalization of $318.72 million, a P/E ratio of -2.74, a price-to-earnings-growth ratio of 1.11 and a beta of 1.14. The firm’s fifty day moving average price is $20.80 and its 200-day moving average price is $19.15.

Jack In The Box (NASDAQ:JACK) last issued its quarterly earnings data on Wednesday, February 18th. The restaurant operator reported $1.00 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.10). The business had revenue of $349.52 million for the quarter, compared to analyst estimates of $355.73 million. Jack In The Box had a negative return on equity of 7.08% and a negative net margin of 8.69%.The firm’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.86 earnings per share. As a group, equities research analysts expect that Jack In The Box will post 5.33 earnings per share for the current year.

Insider Activity

In other news, CEO Lance F. Tucker bought 5,000 shares of the business’s stock in a transaction that occurred on Monday, November 24th. The stock was purchased at an average price of $17.29 per share, with a total value of $86,450.00. Following the purchase, the chief executive officer owned 84,555 shares of the company’s stock, valued at $1,461,955.95. This trade represents a 6.28% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Sarah L. Super sold 2,114 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $19.08, for a total transaction of $40,335.12. Following the sale, the executive vice president directly owned 32,640 shares in the company, valued at $622,771.20. This represents a 6.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 12,462 shares of company stock worth $247,352. 1.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Jack In The Box

Several institutional investors and hedge funds have recently modified their holdings of JACK. Invesco Ltd. raised its stake in Jack In The Box by 36.2% during the fourth quarter. Invesco Ltd. now owns 144,495 shares of the restaurant operator’s stock worth $2,738,000 after purchasing an additional 38,408 shares during the period. Susquehanna Portfolio Strategies LLC increased its holdings in shares of Jack In The Box by 19.4% during the 4th quarter. Susquehanna Portfolio Strategies LLC now owns 107,267 shares of the restaurant operator’s stock worth $2,033,000 after buying an additional 17,411 shares during the last quarter. Readystate Asset Management LP purchased a new position in shares of Jack In The Box in the 4th quarter worth $4,268,000. Inspire Investing LLC acquired a new position in Jack In The Box in the fourth quarter valued at $100,000. Finally, Janus Henderson Group PLC purchased a new stake in Jack In The Box during the fourth quarter valued at about $5,591,000. Hedge funds and other institutional investors own 99.79% of the company’s stock.

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.