Jack in the Box (NASDAQ:JACK) PT Lowered to $46.00

Jack in the Box (NASDAQ:JACK) had its target price decreased by analysts at Barclays from $57.00 to $46.00 in a report released on Tuesday, Benzinga reports. The firm presently has an “equal weight” rating on the restaurant operator’s stock. Barclays‘s price target indicates a potential upside of 4.19% from the stock’s current price.

Several other research analysts also recently issued reports on JACK. Morgan Stanley reduced their price target on shares of Jack in the Box from $70.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 16th. Truist Financial cut their price objective on shares of Jack in the Box from $83.00 to $70.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Bank of America decreased their price target on shares of Jack in the Box from $77.00 to $72.00 and set a “buy” rating for the company in a research note on Monday, August 19th. UBS Group dropped their target price on Jack in the Box from $55.00 to $50.00 and set a “neutral” rating on the stock in a report on Friday, October 4th. Finally, TD Cowen decreased their price objective on shares of Jack in the Box from $57.00 to $50.00 and set a “hold” rating for the company in a research report on Wednesday, October 16th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $64.19.

Jack in the Box Stock Performance

Shares of Jack in the Box stock traded down $1.31 on Tuesday, reaching $44.15. 114,310 shares of the company were exchanged, compared to its average volume of 501,893. The firm has a market cap of $856.07 million, a price-to-earnings ratio of 7.77, a P/E/G ratio of 0.63 and a beta of 1.94. The company’s 50-day moving average is $46.98 and its two-hundred day moving average is $51.94. Jack in the Box has a 1-year low of $40.84 and a 1-year high of $86.20.

Jack in the Box (NASDAQ:JACK) last released its quarterly earnings results on Tuesday, August 6th. The restaurant operator reported $1.65 earnings per share for the quarter, beating analysts’ consensus estimates of $1.51 by $0.14. The business had revenue of $369.17 million during the quarter, compared to analyst estimates of $371.81 million. Jack in the Box had a negative return on equity of 16.46% and a negative net margin of 2.30%. Jack in the Box’s revenue for the quarter was down 7.0% on a year-over-year basis. During the same quarter last year, the company posted $1.45 EPS. As a group, sell-side analysts forecast that Jack in the Box will post 6.22 earnings per share for the current year.

Insider Buying and Selling at Jack in the Box

In other news, CFO Brian M. Scott sold 696 shares of Jack in the Box stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $48.66, for a total value of $33,867.36. Following the completion of the sale, the chief financial officer now directly owns 13,201 shares of the company’s stock, valued at approximately $642,360.66. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. EntryPoint Capital LLC grew its stake in shares of Jack in the Box by 73.2% during the 1st quarter. EntryPoint Capital LLC now owns 866 shares of the restaurant operator’s stock worth $59,000 after purchasing an additional 366 shares during the period. Headlands Technologies LLC purchased a new position in Jack in the Box during the first quarter worth approximately $97,000. PNC Financial Services Group Inc. boosted its holdings in Jack in the Box by 9.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,993 shares of the restaurant operator’s stock valued at $163,000 after acquiring an additional 179 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Jack in the Box during the 3rd quarter worth about $185,000. Finally, Selway Asset Management purchased a new stake in Jack in the Box during the third quarter worth approximately $228,000. Institutional investors and hedge funds own 99.79% of the company’s stock.

Jack in the Box Company Profile

Jack in the Box Inc operates and franchises Jack in the Box and Del Taco quick-service restaurants in the United States. The company was founded in 1951 and is headquartered in San Diego, California.