Janus International Group (NYSE:JBI) Shares Gap Down - Here's Why

Janus International Group, Inc. (NYSE:JBI - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $7.35, but opened at $7.15. Janus International Group shares last traded at $7.21, with a volume of 183,857 shares trading hands.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Jefferies Financial Group lowered shares of Janus International Group from a "buy" rating to a "hold" rating and cut their price target for the company from $12.00 to $7.50 in a research report on Monday. UBS Group cut their price target on shares of Janus International Group from $12.00 to $8.50 and set a "neutral" rating for the company in a research report on Wednesday, October 30th. Wolfe Research lowered shares of Janus International Group from an "outperform" rating to a "peer perform" rating in a research report on Monday, August 12th. KeyCorp cut their price target on shares of Janus International Group from $13.00 to $11.00 and set an "overweight" rating for the company in a research report on Wednesday, October 30th. Finally, Benchmark lowered their price objective on shares of Janus International Group from $21.00 to $14.00 and set a "buy" rating for the company in a research note on Friday, August 9th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $10.25.

Janus International Group Trading Down 4.2 %

The stock has a market capitalization of $1.02 billion, a P/E ratio of 10.21 and a beta of 0.92. The firm's 50 day moving average price is $9.95 and its 200 day moving average price is $12.11. The company has a debt-to-equity ratio of 1.05, a current ratio of 2.82 and a quick ratio of 2.47.

Janus International Group (NYSE:JBI - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.09). Janus International Group had a net margin of 10.62% and a return on equity of 21.00%. The firm had revenue of $230.10 million for the quarter, compared to the consensus estimate of $248.21 million. During the same period last year, the company posted $0.27 earnings per share. The business's revenue was down 17.9% on a year-over-year basis. As a group, equities research analysts expect that Janus International Group, Inc. will post 0.84 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Janus International Group

A number of institutional investors have recently bought and sold shares of the stock. Atria Investments Inc raised its stake in Janus International Group by 13.4% in the third quarter. Atria Investments Inc now owns 13,889 shares of the company's stock worth $140,000 after buying an additional 1,643 shares in the last quarter. Verdence Capital Advisors LLC bought a new position in Janus International Group in the third quarter worth about $249,000. Principal Financial Group Inc. raised its stake in Janus International Group by 854.2% in the third quarter. Principal Financial Group Inc. now owns 182,876 shares of the company's stock worth $1,849,000 after buying an additional 163,711 shares in the last quarter. River Road Asset Management LLC bought a new position in Janus International Group in the third quarter worth about $8,256,000. Finally, Bernzott Capital Advisors raised its stake in Janus International Group by 32.7% in the third quarter. Bernzott Capital Advisors now owns 693,343 shares of the company's stock worth $7,010,000 after buying an additional 171,038 shares in the last quarter. 88.78% of the stock is owned by institutional investors.

Janus International Group Company Profile

Janus International Group, Inc manufacturers and supplies turn-key self-storage, and commercial and industrial building solutions in North America and internationally. The company offers roll up and swing doors, hallway systems, relocatable storage moveable additional storage structures units, and other solutions.