Jack In The Box (NASDAQ:JACK) Price Target Raised to $20.00

Jack In The Box (NASDAQ:JACK) had its target price raised by Barclays from $15.00 to $20.00 in a report published on Wednesday,Benzinga reports. The firm currently has an equal weight rating on the restaurant operator’s stock.

Other analysts also recently issued reports about the stock. Oppenheimer decreased their price objective on shares of Jack In The Box from $28.00 to $24.00 and set an “outperform” rating for the company in a report on Thursday, November 20th. Northcoast Research upgraded Jack In The Box from a “sell” rating to a “neutral” rating in a research note on Friday, November 21st. Truist Financial dropped their target price on shares of Jack In The Box from $19.00 to $16.00 and set a “hold” rating on the stock in a research report on Thursday, November 20th. TD Cowen cut their target price on shares of Jack In The Box from $21.00 to $16.00 and set a “hold” rating for the company in a research note on Thursday, November 20th. Finally, Sanford C. Bernstein set a $20.00 price objective on Jack In The Box in a research report on Wednesday. Five analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $24.71.

Jack In The Box Stock Performance

Shares of NASDAQ:JACK opened at $22.98 on Wednesday. The stock has a market capitalization of $434.32 million, a price-to-earnings ratio of -5.38, a price-to-earnings-growth ratio of 1.12 and a beta of 1.13. The company’s fifty day moving average is $18.45 and its two-hundred day moving average is $19.01. Jack In The Box has a 1-year low of $13.99 and a 1-year high of $44.15.

Jack In The Box (NASDAQ:JACK) last posted its quarterly earnings data on Wednesday, November 19th. The restaurant operator reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.16). The company had revenue of $326.19 million during the quarter, compared to the consensus estimate of $324.23 million. Jack In The Box had a negative net margin of 5.51% and a negative return on equity of 9.23%. The company’s revenue was down 6.6% on a year-over-year basis. During the same quarter last year, the business earned $1.16 earnings per share. Sell-side analysts expect that Jack In The Box will post 5.33 EPS for the current fiscal year.

Insider Activity

In related news, EVP Sarah L. Super sold 2,114 shares of the company’s stock in a transaction 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 owned 32,640 shares in the company, valued at $622,771.20. This represents a 6.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Carl Mount sold 1,393 shares of the stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $19.00, for a total value of $26,467.00. Following the transaction, the senior vice president owned 19,300 shares of the company’s stock, valued at approximately $366,700. This trade represents a 6.73% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 9,466 shares of company stock valued at $181,110. Insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On Jack In The Box

A number of institutional investors have recently made changes to their positions in the company. Royal Bank of Canada grew its holdings in shares of Jack In The Box by 5.9% during the 1st quarter. Royal Bank of Canada now owns 12,035 shares of the restaurant operator’s stock worth $327,000 after purchasing an additional 671 shares in the last quarter. US Bancorp DE increased its stake in shares of Jack In The Box by 96.7% in the third quarter. US Bancorp DE now owns 1,420 shares of the restaurant operator’s stock valued at $28,000 after buying an additional 698 shares during the period. GAMMA Investing LLC raised its holdings in Jack In The Box by 165.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,341 shares of the restaurant operator’s stock worth $27,000 after purchasing an additional 836 shares during the last quarter. Hantz Financial Services Inc. lifted its holdings in Jack In The Box by 136.0% in the third quarter. Hantz Financial Services Inc. now owns 2,318 shares of the restaurant operator’s stock valued at $46,000 after buying an additional 1,336 shares during the period. Finally, Quent Capital LLC acquired a new stake in Jack In The Box during the third quarter worth approximately $42,000. 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.