Jack In The Box Inc. (NASDAQ:JACK) Stock Has Average Price Target of $16.83 According to Brokerages

Jack In The Box Inc. (NASDAQ:JACK) has been assigned a consensus recommendation of “Reduce” from the seventeen research firms that are currently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $16.83.

Several brokerages have recently commented on JACK. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $16.00 price objective on shares of Jack In The Box in a report on Thursday, August 13th. Morgan Stanley dropped their target price on shares of Jack In The Box from $15.00 to $14.00 and set an “equal weight” rating for the company in a report on Thursday, October 15th. Citigroup boosted their target price on Jack In The Box from $17.00 to $20.00 and gave the company a “neutral” rating in a research report on Thursday, August 13th. Wall Street Zen raised Jack In The Box from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Finally, UBS Group lifted their target price on Jack In The Box from $14.00 to $20.00 and gave the company a “neutral” rating in a research report on Thursday, August 13th.

Jack In The Box Price Performance

Shares of NASDAQ JACK opened at $11.03 on Friday. The company’s 50-day simple moving average is $14.08 and its 200-day simple moving average is $13.90. Jack In The Box has a 52-week low of $8.91 and a 52-week high of $23.86. The firm has a market cap of $211.56 million, a price-to-earnings ratio of 6.38, a price-to-earnings-growth ratio of 0.68 and a beta of 1.41.

Jack In The Box (NASDAQ:JACK) last posted its quarterly earnings data on Wednesday, August 12th. The restaurant operator reported $0.96 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $264.60 million. During the same period in the prior year, the company earned $1.02 EPS. The firm’s revenue was down 22.6% compared to the same quarter last year. Equities research analysts anticipate that Jack In The Box will post 3.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Legal & General Group Plc acquired a new stake in Jack In The Box during the 2nd quarter valued at $30,000. Public Employees Retirement System of Ohio purchased a new position in shares of Jack In The Box during the second quarter valued at approximately $48,000. Versant Capital Management Inc boosted its position in Jack In The Box by 106.7% during the second quarter. Versant Capital Management Inc now owns 6,107 shares of the restaurant operator’s stock worth $97,000 after acquiring an additional 3,152 shares during the last quarter. Bank of Nova Scotia purchased a new stake in Jack In The Box in the 1st quarter worth approximately $102,000. Finally, Cetera Investment Advisers raised its holdings in Jack In The Box by 8.6% in the 1st quarter. Cetera Investment Advisers now owns 25,027 shares of the restaurant operator’s stock valued at $242,000 after acquiring an additional 1,987 shares during the last quarter. Hedge funds and other 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.