Barclays Issues Pessimistic Forecast for Jack in the Box (NASDAQ:JACK) Stock Price

Jack in the Box (NASDAQ:JACK) had its price target dropped by stock analysts at Barclays from $44.00 to $40.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the restaurant operator’s stock. Barclays‘s target price suggests a potential upside of 17.82% from the stock’s current price.

Several other analysts also recently weighed in on JACK. UBS Group cut their price target on Jack in the Box from $50.00 to $44.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Royal Bank of Canada restated an “outperform” rating and set a $55.00 price target on shares of Jack in the Box in a report on Thursday, January 16th. Stifel Nicolaus lowered their price target on Jack in the Box from $52.00 to $40.00 and set a “hold” rating for the company in a research report on Friday, January 10th. Northcoast Research downgraded shares of Jack in the Box from a “buy” rating to a “neutral” rating in a research report on Thursday, November 14th. Finally, Morgan Stanley decreased their target price on shares of Jack in the Box from $53.00 to $45.00 and set an “equal weight” rating for the company in a report on Tuesday, January 21st. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $50.88.

Jack in the Box Trading Down 7.7 %

JACK opened at $33.95 on Wednesday. The stock has a fifty day simple moving average of $39.60 and a two-hundred day simple moving average of $44.61. The company has a market cap of $640.16 million, a price-to-earnings ratio of -17.41, a price-to-earnings-growth ratio of 1.29 and a beta of 1.94. Jack in the Box has a 12-month low of $32.69 and a 12-month high of $76.56.

Jack in the Box (NASDAQ:JACK) last posted its quarterly earnings data on Tuesday, February 25th. The restaurant operator reported $1.92 EPS for the quarter, topping the consensus estimate of $1.71 by $0.21. The business had revenue of $469.44 million for the quarter, compared to analyst estimates of $470.47 million. Jack in the Box had a negative net margin of 2.34% and a negative return on equity of 15.79%. On average, analysts predict that Jack in the Box will post 5.33 EPS for the current year.

Insider Activity

In other Jack in the Box news, SVP Sarah L. Super sold 1,688 shares of the firm’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $40.52, for a total value of $68,397.76. Following the transaction, the senior vice president now directly owns 16,815 shares of the company’s stock, valued at approximately $681,343.80. This trade represents a 9.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold 2,190 shares of company stock valued at $92,961 in the last ninety days. 1.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Jack in the Box

Several hedge funds and other institutional investors have recently made changes to their positions in JACK. DekaBank Deutsche Girozentrale bought a new stake in Jack in the Box during the third quarter valued at approximately $41,000. Quadrant Capital Group LLC raised its position in Jack in the Box by 96.7% in the fourth quarter. Quadrant Capital Group LLC now owns 899 shares of the restaurant operator’s stock worth $37,000 after acquiring an additional 442 shares during the period. Public Employees Retirement System of Ohio purchased a new position in shares of Jack in the Box during the 4th quarter worth $40,000. GAMMA Investing LLC grew its position in shares of Jack in the Box by 229.7% during the 4th quarter. GAMMA Investing LLC now owns 1,055 shares of the restaurant operator’s stock valued at $44,000 after acquiring an additional 735 shares during the period. Finally, KBC Group NV increased its stake in shares of Jack in the Box by 99.5% in the 4th quarter. KBC Group NV now owns 1,235 shares of the restaurant operator’s stock worth $51,000 after purchasing an additional 616 shares in the last quarter. Hedge funds and other institutional investors 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.