Jack in the Box (NASDAQ:JACK) Rating Lowered to Sell at Northcoast Research

Jack in the Box (NASDAQ:JACK) was downgraded by equities research analysts at Northcoast Research from a “neutral” rating to a “sell” rating in a note issued to investors on Monday, Marketbeat.com reports. They currently have a $20.00 price target on the restaurant operator’s stock. Northcoast Research’s target price would indicate a potential downside of 9.05% from the company’s current price.

Other research analysts have also issued research reports about the company. Stifel Nicolaus set a $32.00 price objective on Jack in the Box and gave the stock a “buy” rating in a report on Monday, April 28th. Sanford C. Bernstein set a $24.00 price target on shares of Jack in the Box in a research note on Tuesday, April 22nd. Royal Bank of Canada cut their price target on shares of Jack in the Box from $45.00 to $30.00 and set an “outperform” rating for the company in a report on Thursday, April 24th. UBS Group decreased their price objective on shares of Jack in the Box from $44.00 to $27.00 and set a “neutral” rating on the stock in a report on Thursday, May 15th. Finally, Truist Financial dropped their target price on shares of 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. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $41.32.

Jack in the Box Price Performance

Shares of Jack in the Box stock opened at $21.99 on Monday. The stock has a market capitalization of $415.15 million, a price-to-earnings ratio of -11.28, a PEG ratio of 1.29 and a beta of 1.35. Jack in the Box has a 12 month low of $21.45 and a 12 month high of $60.73. The firm’s fifty day simple moving average is $26.25 and its 200-day simple moving average is $36.41.

Jack in the Box (NASDAQ:JACK) last released its earnings results on Wednesday, May 14th. The restaurant operator reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.07. The business had revenue of $336.70 million for the quarter, compared to analyst estimates of $345.81 million. Jack in the Box had a negative return on equity of 15.79% and a negative net margin of 2.34%. The company’s revenue for the quarter was down 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.46 earnings per share. Analysts anticipate that Jack in the Box will post 5.33 earnings per share for the current year.

Hedge Funds Weigh In On Jack in the Box

Institutional investors and hedge funds have recently modified their holdings of the company. Quadrant Capital Group LLC lifted its holdings in shares of Jack in the Box by 96.7% during the 4th 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 acquired a new position in Jack in the Box in the 4th quarter worth $40,000. KBC Group NV boosted its holdings in Jack in the Box by 99.5% in the fourth quarter. KBC Group NV now owns 1,235 shares of the restaurant operator’s stock valued at $51,000 after purchasing an additional 616 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Jack in the Box by 168.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,558 shares of the restaurant operator’s stock valued at $65,000 after buying an additional 978 shares during the last quarter. Finally, Signaturefd LLC grew its holdings in Jack in the Box by 1,973.4% during the 1st quarter. Signaturefd LLC now owns 1,638 shares of the restaurant operator’s stock worth $45,000 after acquiring an additional 1,559 shares in the last quarter. Hedge funds and other institutional investors own 99.79% of the company’s stock.

About Jack in the Box

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.