Shares of Jack In The Box Inc. (NASDAQ:JACK – Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $13.81 and traded as high as $13.88. Jack In The Box shares last traded at $13.25, with a volume of 514,000 shares trading hands.
Analyst Ratings Changes
A number of equities analysts recently commented on the company. Mizuho raised their target price on Jack In The Box from $13.00 to $16.00 and gave the company a “neutral” rating in a report on Thursday, August 13th. Royal Bank Of Canada boosted their price target on shares of Jack In The Box from $16.00 to $22.00 and gave the stock an “outperform” rating in a research note on Thursday, August 13th. Wall Street Zen raised shares of Jack In The Box from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Weiss Ratings reissued a “sell (d)” rating on shares of Jack In The Box in a research note on Tuesday, August 11th. Finally, UBS Group lifted their price objective on shares of Jack In The Box from $14.00 to $20.00 and gave the company a “neutral” rating in a report on Thursday, August 13th. Three research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $17.22.
Read Our Latest Stock Analysis on JACK
Jack In The Box Price Performance
The firm has a market capitalization of $254.13 million, a price-to-earnings ratio of 7.66, a PEG ratio of 0.79 and a beta of 1.38. The firm has a 50 day moving average price of $16.00 and a 200-day moving average price of $13.81.
Jack In The Box (NASDAQ:JACK – Get Free Report) last released its earnings results on Wednesday, August 12th. The restaurant operator reported $0.96 EPS for the quarter, topping 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 analysts’ expectations of $264.60 million. During the same period in the previous year, the firm posted $1.02 EPS. Jack In The Box’s revenue for the quarter was down 22.6% on a year-over-year basis. Equities research analysts predict that Jack In The Box Inc. will post 3.15 earnings per share for the current year.
Hedge Funds Weigh In On Jack In The Box
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Headlands Technologies LLC purchased a new stake in shares of Jack In The Box during the second quarter worth approximately $612,000. Nantahala Capital Management LLC purchased a new position in Jack In The Box in the second quarter worth approximately $27,330,099. Windward Management LP acquired a new position in Jack In The Box during the 2nd quarter worth approximately $2,883,807. Public Employees Retirement System of Ohio acquired a new position in Jack In The Box during the 2nd quarter worth approximately $48,000. Finally, Bank of America Corp DE acquired a new position in Jack In The Box during the 2nd quarter worth approximately $18,409,000. 99.79% of the stock is owned by institutional investors and hedge funds.
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.
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