TD Securities Reaffirms Hold Rating for Jack in the Box (NASDAQ:JACK)

Jack in the Box (NASDAQ:JACK)‘s stock had its “hold” rating reaffirmed by TD Securities in a report released on Wednesday,Benzinga reports. They presently have a $42.00 target price on the restaurant operator’s stock. TD Securities’ price target suggests a potential upside of 8.75% from the stock’s previous close.

Several other brokerages have also recently weighed in on JACK. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Jack in the Box from $51.00 to $46.00 and set a “hold” rating on the stock in a report on Thursday, November 21st. TD Cowen restated a “hold” rating and issued a $50.00 price objective on shares of Jack in the Box in a report on Thursday, November 21st. StockNews.com cut shares of Jack in the Box from a “hold” rating to a “sell” rating in a research report on Wednesday, January 15th. Truist Financial dropped their target price on Jack in the Box from $70.00 to $57.00 and set a “buy” rating on the stock in a report on Friday, November 22nd. Finally, Wedbush downgraded Jack in the Box from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $50.00 to $40.00 in a report on Friday, February 21st. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Jack in the Box currently has an average rating of “Hold” and a consensus target price of $49.56.

Jack in the Box Stock Up 1.8 %

Shares of JACK stock opened at $38.62 on Wednesday. Jack in the Box has a 52 week low of $32.69 and a 52 week high of $76.56. The firm has a 50 day moving average of $39.55 and a two-hundred day moving average of $44.52. The stock has a market capitalization of $728.22 million, a PE ratio of -19.81, a P/E/G ratio of 1.29 and a beta of 1.94.

Jack in the Box (NASDAQ:JACK) last released its earnings results on Tuesday, February 25th. The restaurant operator reported $1.92 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $469.44 million during the quarter, compared to analyst estimates of $470.47 million. Analysts expect that Jack in the Box will post 5.33 EPS for the current fiscal year.

Insider Buying and Selling at Jack in the Box

In related news, SVP Sarah L. Super sold 1,688 shares of Jack in the Box stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $40.52, for a total value of $68,397.76. Following the completion of the transaction, the senior vice president now directly owns 16,815 shares in the company, valued at approximately $681,343.80. This trade represents a 9.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 2,190 shares of company stock worth $92,961 in the last ninety days. 1.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Jack in the Box

Institutional investors have recently modified their holdings of the business. Jefferies Financial Group Inc. bought a new stake in shares of Jack in the Box in the 4th quarter worth $427,000. PVG Asset Management Corp purchased a new position in Jack in the Box in the 4th quarter worth about $238,000. Public Employees Retirement System of Ohio acquired a new stake in Jack in the Box during the 4th quarter worth about $40,000. Novem Group acquired a new stake in Jack in the Box during the 4th quarter worth about $212,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Jack in the Box by 16.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 34,676 shares of the restaurant operator’s stock valued at $1,444,000 after buying an additional 5,022 shares in the last quarter. 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.