Jack In The Box Inc. (NASDAQ:JACK) Receives Average Recommendation of “Hold” from Analysts

Shares of Jack In The Box Inc. (NASDAQ:JACK) have received a consensus rating of “Hold” from the eighteen research firms that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, thirteen have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $17.2188.

Several equities research analysts recently commented on JACK shares. Royal Bank Of Canada boosted their price target on Jack In The Box from $16.00 to $22.00 and gave the company an “outperform” rating in a research note on Thursday, August 13th. Jefferies Financial Group set a $12.50 price objective on Jack In The Box in a research report on Thursday, May 14th. Mizuho upped their target price on shares of Jack In The Box from $13.00 to $16.00 and gave the company a “neutral” rating in a research note on Thursday, August 13th. Sanford C. Bernstein set a $15.00 price objective on Jack In The Box in a research report on Thursday, May 14th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $16.00 price objective on shares of Jack In The Box in a report on Thursday, August 13th.

Jack In The Box Price Performance

NASDAQ:JACK opened at $16.14 on Thursday. The stock has a market cap of $309.57 million, a PE ratio of 9.33, a price-to-earnings-growth ratio of 0.96 and a beta of 1.38. The stock’s 50-day moving average is $16.29 and its two-hundred day moving average is $14.01. Jack In The Box has a fifty-two week low of $8.91 and a fifty-two week high of $23.86.

Jack In The Box (NASDAQ:JACK) last issued its earnings results on Wednesday, August 12th. The restaurant operator reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.08. Jack In The Box had a negative return on equity of 6.33% and a net margin of 2.84%.The firm had revenue of $257.66 million for the quarter, compared to the consensus estimate of $264.60 million. During the same quarter in the previous year, the company posted $1.02 earnings per share. The business’s quarterly revenue was down 22.6% compared to the same quarter last year. On average, equities research analysts anticipate that Jack In The Box will post 3.14 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Nantahala Capital Management LLC bought a new position in Jack In The Box in the second quarter valued at about $27,330,099. Biglari Capital CORP. bought a new stake in Jack In The Box in the second quarter valued at approximately $26,618,538. BlackRock Inc. acquired a new stake in Jack In The Box during the 2nd quarter worth $21,222,000. Bank of America Corp DE acquired a new stake in shares of Jack In The Box during the second quarter worth about $18,409,000. Finally, Marshall Wace LLP raised its holdings in Jack In The Box by 192.9% during the 3rd quarter. Marshall Wace LLP now owns 744,141 shares of the restaurant operator’s stock worth $14,712,000 after buying an additional 490,071 shares during the period. 99.79% of the stock is owned by institutional investors and hedge funds.

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.