Jack In The Box (NASDAQ:JACK) Price Target Cut to $17.00 by Analysts at Royal Bank Of Canada

Jack In The Box (NASDAQ:JACK) had its price target lowered by Royal Bank Of Canada from $25.00 to $17.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has an outperform rating on the restaurant operator’s stock.

JACK has been the topic of a number of other reports. Citigroup decreased their price objective on shares of Jack In The Box from $24.00 to $15.00 and set a “neutral” rating on the stock in a research note on Wednesday. Stifel Nicolaus reduced their target price on Jack In The Box from $18.00 to $10.00 and set a “hold” rating on the stock in a report on Tuesday, March 31st. Morgan Stanley decreased their price target on Jack In The Box from $19.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 21st. UBS Group boosted their price target on Jack In The Box from $17.00 to $21.00 and gave the stock a “neutral” rating in a report on Tuesday, January 6th. Finally, TD Cowen dropped their price objective on Jack In The Box from $16.00 to $12.00 and set a “hold” rating for the company in a research report on Tuesday, April 14th. Four equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Jack In The Box currently has an average rating of “Hold” and an average target price of $21.18.

Jack In The Box Price Performance

JACK traded down $0.32 on Friday, hitting $12.28. 496,277 shares of the stock were exchanged, compared to its average volume of 719,674. The firm has a market capitalization of $233.81 million, a price-to-earnings ratio of -2.00, a PEG ratio of 0.70 and a beta of 1.45. Jack In The Box has a 12 month low of $8.91 and a 12 month high of $29.40. The business has a 50-day moving average of $12.76 and a two-hundred day moving average of $16.99.

Jack In The Box (NASDAQ:JACK) last released its 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 the consensus estimate of $355.73 million. During the same period in the prior year, the business earned $1.86 earnings per share. Jack In The Box’s quarterly revenue was down 5.8% compared to the same quarter last year. Equities research analysts expect that Jack In The Box will post 3.36 earnings per share for the current fiscal year.

Institutional Trading of Jack In The Box

A number of hedge funds and other institutional investors have recently modified their holdings of JACK. Allworth Financial LP increased its holdings in shares of Jack In The Box by 322.6% during the fourth quarter. Allworth Financial LP now owns 1,475 shares of the restaurant operator’s stock worth $28,000 after buying an additional 1,126 shares in the last quarter. US Bancorp DE grew its position in 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 during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Jack In The Box by 3,604.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,852 shares of the restaurant operator’s stock worth $35,000 after acquiring an additional 1,802 shares during the last quarter. Quent Capital LLC acquired a new position in Jack In The Box in the 3rd quarter worth about $42,000. Finally, Hantz Financial Services Inc. increased its holdings in Jack In The Box by 136.0% in the 3rd quarter. Hantz Financial Services Inc. now owns 2,318 shares of the restaurant operator’s stock worth $46,000 after purchasing an additional 1,336 shares in the last quarter. 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.