Jack In The Box (NASDAQ:JACK) Given New $15.00 Price Target at Barclays

Jack In The Box (NASDAQ:JACK) had its price objective cut by equities research analysts at Barclays from $23.00 to $15.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has an “equal weight” rating on the restaurant operator’s stock. Barclays‘s price target suggests a potential upside of 34.80% from the stock’s previous close.

Several other equities research analysts have also recently commented on JACK. The Goldman Sachs Group upped their price target on Jack In The Box from $15.00 to $17.00 and gave the stock a “sell” rating in a research note on Wednesday, January 28th. Morgan Stanley dropped their price objective on shares of Jack In The Box from $19.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 21st. Mizuho raised their target price on shares of Jack In The Box from $11.00 to $13.00 and gave the stock a “neutral” rating in a research note on Thursday. Zacks Research raised shares of Jack In The Box from a “strong sell” rating to a “hold” rating in a report on Monday, January 19th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Jack In The Box in a research note on Tuesday, April 21st. Four research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $20.82.

Jack In The Box Stock Performance

Shares of JACK opened at $11.13 on Thursday. Jack In The Box has a fifty-two week low of $8.91 and a fifty-two week high of $25.34. The company has a market capitalization of $211.88 million, a price-to-earnings ratio of -1.84, a price-to-earnings-growth ratio of 0.76 and a beta of 1.45. The firm has a 50-day simple moving average of $12.28 and a 200-day simple moving average of $16.74.

Jack In The Box (NASDAQ:JACK) last issued its quarterly earnings results on Wednesday, May 13th. The restaurant operator reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.02. The firm had revenue of $254.26 million for the quarter, compared to analysts’ expectations of $256.55 million. Jack In The Box had a negative return on equity of 7.12% and a negative net margin of 8.69%.The firm’s revenue for the quarter was down 24.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.20 EPS. Equities research analysts forecast that Jack In The Box will post 3.36 EPS for the current year.

Institutional Investors Weigh In On Jack In The Box

A number of hedge funds and other institutional investors have recently bought and sold shares of JACK. Cetera Investment Advisers boosted its position in shares of Jack In The Box by 8.6% during the 1st quarter. Cetera Investment Advisers now owns 25,027 shares of the restaurant operator’s stock worth $242,000 after purchasing an additional 1,987 shares in the last quarter. Manning & Napier Advisors LLC lifted its stake in shares of Jack In The Box by 0.4% in the first quarter. Manning & Napier Advisors LLC now owns 376,343 shares of the restaurant operator’s stock valued at $3,639,000 after purchasing an additional 1,677 shares during the period. Invesco Ltd. lifted its stake in shares of Jack In The Box by 36.2% in the fourth quarter. Invesco Ltd. now owns 144,495 shares of the restaurant operator’s stock valued at $2,738,000 after purchasing an additional 38,408 shares during the period. Susquehanna Portfolio Strategies LLC raised its stake in shares of Jack In The Box by 19.4% during the 4th quarter. Susquehanna Portfolio Strategies LLC now owns 107,267 shares of the restaurant operator’s stock worth $2,033,000 after buying an additional 17,411 shares during the last quarter. Finally, Readystate Asset Management LP acquired a new stake in Jack In The Box in the 4th quarter valued at about $4,268,000. Institutional investors and hedge funds 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.