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

Jack In The Box Inc. (NASDAQ:JACK) has been assigned an average rating of “Reduce” from the seventeen brokerages that are covering the company, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $16.83.

Several equities research analysts have recently weighed in on JACK shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Jack In The Box in a research report on Tuesday, August 11th. Royal Bank Of Canada raised their target price on Jack In The Box from $16.00 to $22.00 and gave the company an “outperform” rating in a report on Thursday, August 13th. Mizuho boosted their price target on Jack In The Box from $13.00 to $16.00 and gave the stock a “neutral” rating in a research report on Thursday, August 13th. UBS Group boosted their price target on Jack In The Box from $14.00 to $20.00 and gave the stock a “neutral” rating in a research report on Thursday, August 13th. Finally, Morgan Stanley decreased their price target on 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.

Hedge Funds Weigh In On Jack In The Box

A number of institutional investors have recently added to or reduced their stakes in JACK. Callodine Capital Management LP lifted its stake in shares of Jack In The Box by 3.5% in the first quarter. Callodine Capital Management LP now owns 1,760,470 shares of the restaurant operator’s stock worth $17,024,000 after acquiring an additional 59,966 shares in the last quarter. Nantahala Capital Management LLC purchased a new position in Jack In The Box in the second quarter valued at about $27,330,099. Biglari Capital CORP. purchased a new position in Jack In The Box in the second quarter valued at about $26,618,538. BlackRock Inc. acquired a new stake in Jack In The Box during the 2nd quarter valued at approximately $21,222,000. Finally, Bank of America Corp DE acquired a new stake in Jack In The Box during the 2nd quarter valued at approximately $18,409,000. Institutional investors and hedge funds own 99.79% of the company’s stock.

Jack In The Box Trading Up 9.4%

Shares of JACK stock opened at $13.03 on Friday. The company has a market cap of $249.92 million, a PE ratio of 7.53, a P/E/G ratio of 0.74 and a beta of 1.41. The company’s fifty day simple moving average is $13.68 and its 200-day simple moving average is $14.74. Jack In The Box has a 52 week low of $8.91 and a 52 week high of $23.86.

Jack In The Box (NASDAQ:JACK) last announced its quarterly earnings results on Wednesday, August 12th. The restaurant operator reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.08. Jack In The Box had a net margin of 2.84% and a negative return on equity of 6.33%. The firm had revenue of $257.66 million during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. Equities research analysts expect that Jack In The Box will post 3.13 EPS for the current fiscal year.

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.