Jack In The Box (NASDAQ:JACK) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Jack In The Box (NASDAQ:JACK) from a sell rating to a hold rating in a report published on Saturday.

JACK has been the topic of several other reports. Oppenheimer dropped their price target on Jack In The Box from $28.00 to $24.00 and set an “outperform” rating on the stock in a research report on Thursday, November 20th. Stifel Nicolaus lowered their target price on Jack In The Box from $20.00 to $18.00 and set a “hold” rating on the stock in a research note on Thursday, November 20th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $25.00 target price on shares of Jack In The Box in a report on Tuesday, December 9th. The Goldman Sachs Group raised their price target on shares of Jack In The Box from $15.00 to $17.00 and gave the stock a “sell” rating in a report on Wednesday, January 28th. Finally, Zacks Research raised shares of Jack In The Box from a “strong sell” rating to a “hold” rating in a research report on Monday, January 19th. Five analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Jack In The Box currently has a consensus rating of “Hold” and an average price target of $25.37.

Jack In The Box Trading Up 1.5%

JACK stock opened at $17.07 on Friday. The firm has a 50-day moving average of $20.66 and a two-hundred day moving average of $19.12. The firm has a market capitalization of $325.01 million, a PE ratio of -2.78, a P/E/G ratio of 0.87 and a beta of 1.14. Jack In The Box has a one year low of $13.99 and a one year high of $41.09.

Jack In The Box (NASDAQ:JACK) last issued its quarterly 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 net margin of 8.69% and a negative return on equity of 7.12%. The firm had revenue of $349.52 million during the quarter, compared to analysts’ expectations of $355.73 million. During the same quarter last year, the company posted $1.86 EPS. The firm’s revenue was down 5.8% compared to the same quarter last year. On average, equities research analysts anticipate that Jack In The Box will post 5.33 earnings per share for the current year.

Insider Transactions at Jack In The Box

In other Jack In The Box news, EVP Sarah L. Super sold 2,114 shares of the business’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $19.08, for a total value of $40,335.12. Following the completion of the sale, the executive vice president directly owned 32,640 shares of the company’s stock, valued at $622,771.20. The trade was a 6.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Richard D. Cook sold 1,787 shares of the stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $19.08, for a total transaction of $34,095.96. Following the transaction, the senior vice president owned 27,193 shares in the company, valued at approximately $518,842.44. This trade represents a 6.17% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 11,069 shares of company stock worth $220,885. 1.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Jack In The Box

A number of large investors have recently bought and sold shares of JACK. GAMMA Investing LLC increased its position in Jack In The Box by 165.5% during the third quarter. GAMMA Investing LLC now owns 1,341 shares of the restaurant operator’s stock worth $27,000 after buying an additional 836 shares during the last quarter. US Bancorp DE boosted its stake in shares of Jack In The Box by 96.7% during the 3rd quarter. US Bancorp DE now owns 1,420 shares of the restaurant operator’s stock worth $28,000 after acquiring an additional 698 shares in the last quarter. Allworth Financial LP increased its holdings in shares of 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 valued at $28,000 after acquiring an additional 1,126 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Jack In The Box by 3,604.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,852 shares of the restaurant operator’s stock valued at $35,000 after acquiring an additional 1,802 shares in the last quarter. Finally, Quent Capital LLC acquired a new stake in Jack In The Box in the 3rd quarter worth approximately $42,000. 99.79% of the stock is currently owned by institutional investors.

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.