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

Jack in the Box (NASDAQ:JACK) had its price objective decreased by equities researchers at Stifel Nicolaus from $40.00 to $35.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has a “hold” rating on the restaurant operator’s stock. Stifel Nicolaus’ price target suggests a potential upside of 21.36% from the stock’s previous close.

A number of other research firms have also recently weighed in on JACK. Barclays lowered their price objective 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. Oppenheimer dropped their price objective on Jack in the Box from $60.00 to $52.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. StockNews.com raised Jack in the Box from a “sell” rating to a “hold” rating in a research note on Thursday, February 27th. Truist Financial lowered 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. Finally, Royal Bank of Canada reduced their price target on shares of Jack in the Box from $55.00 to $45.00 and set an “outperform” rating on the stock 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 assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $49.25.

Jack in the Box Stock Performance

JACK opened at $28.84 on Monday. The stock has a market capitalization of $543.86 million, a PE ratio of -14.79, a P/E/G ratio of 1.29 and a beta of 1.95. Jack in the Box has a one year low of $28.82 and a one year high of $70.81. The business’s 50 day moving average price is $37.21 and its 200 day moving average price is $42.25.

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Quadrant Capital Group LLC grew its holdings in shares of Jack in the Box by 96.7% during the fourth quarter. Quadrant Capital Group LLC now owns 899 shares of the restaurant operator’s stock worth $37,000 after purchasing an additional 442 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in Jack in the Box during the 4th quarter worth approximately $40,000. GAMMA Investing LLC increased its position in Jack in the Box by 229.7% during the fourth quarter. GAMMA Investing LLC now owns 1,055 shares of the restaurant operator’s stock worth $44,000 after buying an additional 735 shares during the period. KBC Group NV boosted its holdings in shares of 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 acquiring an additional 616 shares during the period. Finally, PNC Financial Services Group Inc. grew its position in shares of Jack in the Box by 168.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,558 shares of the restaurant operator’s stock worth $65,000 after acquiring an additional 978 shares during the last quarter. Institutional investors and hedge funds 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.