Jack in the Box (NASDAQ:JACK) Given New $35.00 Price Target at Stifel Nicolaus

Jack in the Box (NASDAQ:JACK) had its price objective dropped by stock analysts at Stifel Nicolaus from $40.00 to $35.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a “hold” rating on the restaurant operator’s stock. Stifel Nicolaus’ price objective indicates a potential upside of 18.72% from the stock’s current price.

A number of other equities research analysts have also issued reports on JACK. Morgan Stanley cut their target price on Jack in the Box from $53.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 21st. StockNews.com upgraded shares of Jack in the Box from a “sell” rating to a “hold” rating in a research report on Thursday, February 27th. Truist Financial reduced their target price on Jack in the Box from $57.00 to $51.00 and set a “buy” rating for the company in a report on Wednesday, February 26th. TD Securities reaffirmed a “hold” rating and set a $42.00 target price on shares of Jack in the Box in a research note on Wednesday, February 26th. Finally, Barclays reduced their price target on shares of Jack in the Box from $44.00 to $40.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Jack in the Box presently has a consensus rating of “Hold” and an average target price of $49.25.

Jack in the Box Trading Down 4.1 %

Shares of NASDAQ:JACK opened at $29.48 on Monday. The firm’s 50 day moving average is $37.57 and its two-hundred day moving average is $42.48. The firm has a market capitalization of $555.93 million, a P/E ratio of -15.12, a PEG ratio of 1.29 and a beta of 1.95. Jack in the Box has a 52 week low of $29.29 and a 52 week high of $70.81.

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

Institutional Investors Weigh In On Jack in the Box

A number of hedge funds have recently bought and sold shares of JACK. Invenomic Capital Management LP acquired a new position in shares of Jack in the Box during the 3rd quarter worth about $11,802,000. Raymond James Financial Inc. bought a new position in Jack in the Box in the 4th quarter worth approximately $7,655,000. IPG Investment Advisors LLC lifted its holdings in shares of Jack in the Box by 59.2% during the fourth quarter. IPG Investment Advisors LLC now owns 440,619 shares of the restaurant operator’s stock worth $18,347,000 after buying an additional 163,834 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Jack in the Box by 178.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 196,740 shares of the restaurant operator’s stock valued at $8,192,000 after acquiring an additional 126,101 shares during the period. Finally, Woodline Partners LP acquired a new stake in shares of Jack in the Box in the fourth quarter worth $4,249,000. 99.79% of the stock is currently owned by institutional investors.

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.