Jack in the Box (NASDAQ:JACK) Stock Rating Reaffirmed by TD Cowen

Jack in the Box (NASDAQ:JACK)‘s stock had its “hold” rating reaffirmed by equities researchers at TD Cowen in a report released on Thursday, Benzinga reports. They presently have a $57.00 target price on the restaurant operator’s stock. TD Cowen’s price objective would suggest a potential upside of 28.35% from the stock’s current price.

JACK has been the topic of several other reports. Deutsche Bank Aktiengesellschaft dropped their target price on Jack in the Box from $59.00 to $56.00 and set a “hold” rating on the stock in a research report on Wednesday, August 7th. The Goldman Sachs Group began coverage on Jack in the Box in a research report on Thursday, June 13th. They issued a “sell” rating and a $55.00 target price on the stock. Morgan Stanley dropped their target price on Jack in the Box from $70.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 16th. UBS Group dropped their target price on Jack in the Box from $60.00 to $55.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th. Finally, Loop Capital dropped their target price on Jack in the Box from $118.00 to $112.00 and set a “buy” rating on the stock in a research report on Wednesday, May 15th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Jack in the Box has a consensus rating of “Hold” and an average target price of $69.35.

Jack in the Box Price Performance

Jack in the Box stock opened at $44.41 on Thursday. Jack in the Box has a one year low of $40.84 and a one year high of $86.20. The stock has a market capitalization of $849.56 million, a PE ratio of 7.82, a price-to-earnings-growth ratio of 0.67 and a beta of 1.95. The business’s fifty day moving average is $51.58 and its 200 day moving average is $56.84.

Jack in the Box (NASDAQ:JACK) last released its quarterly earnings data on Tuesday, August 6th. The restaurant operator reported $1.65 EPS for the quarter, beating the consensus estimate of $1.51 by $0.14. Jack in the Box had a negative return on equity of 16.46% and a negative net margin of 2.30%. The company had revenue of $369.17 million for the quarter, compared to analysts’ expectations of $371.81 million. During the same period last year, the firm posted $1.45 earnings per share. Jack in the Box’s revenue was down 7.0% compared to the same quarter last year. As a group, sell-side analysts expect that Jack in the Box will post 6.22 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Brian M. Scott sold 696 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $48.66, for a total value of $33,867.36. Following the transaction, the chief financial officer now directly owns 13,201 shares of the company’s stock, valued at approximately $642,360.66. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CFO Brian M. Scott sold 696 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $48.66, for a total value of $33,867.36. Following the transaction, the chief financial officer now directly owns 13,201 shares of the company’s stock, valued at approximately $642,360.66. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Darin S. Harris sold 598 shares of the business’s stock in a transaction that occurred on Tuesday, June 25th. The stock was sold at an average price of $51.64, for a total value of $30,880.72. Following the completion of the transaction, the chief executive officer now directly owns 90,887 shares in the company, valued at $4,693,404.68. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,348 shares of company stock valued at $67,476. Corporate insiders own 1.60% of the company’s stock.

Institutional Trading of Jack in the Box

Hedge funds have recently modified their holdings of the company. Capstone Investment Advisors LLC purchased a new stake in shares of Jack in the Box during the 4th quarter worth approximately $1,313,000. GSA Capital Partners LLP raised its holdings in shares of Jack in the Box by 777.7% during the 4th quarter. GSA Capital Partners LLP now owns 33,809 shares of the restaurant operator’s stock worth $2,760,000 after acquiring an additional 29,957 shares in the last quarter. Trexquant Investment LP raised its holdings in shares of Jack in the Box by 840.9% during the 4th quarter. Trexquant Investment LP now owns 129,763 shares of the restaurant operator’s stock worth $10,593,000 after acquiring an additional 115,972 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in shares of Jack in the Box by 21.0% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 137,073 shares of the restaurant operator’s stock worth $9,387,000 after acquiring an additional 23,770 shares in the last quarter. Finally, Manning & Napier Advisors LLC purchased a new stake in shares of Jack in the Box during the 2nd quarter worth approximately $3,311,000. 99.79% of the stock is owned by hedge funds and other institutional investors.

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.