TD Securities Has Lowered Expectations for Jack in the Box (NASDAQ:JACK) Stock Price

Jack in the Box (NASDAQ:JACK - Get Free Report) had its price target cut by stock analysts at TD Securities from $40.00 to $31.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has a "hold" rating on the restaurant operator's stock. TD Securities' price target would suggest a potential upside of 26.48% from the company's previous close.

Several other brokerages have also commented on JACK. StockNews.com raised Jack in the Box from a "sell" rating to a "hold" rating in a research note on Thursday, February 27th. Stifel Nicolaus set a $32.00 price objective on shares of Jack in the Box and gave the company a "buy" rating in a research note on Monday. Guggenheim reiterated a "buy" rating and set a $55.00 price objective on shares of Jack in the Box in a research note on Thursday, February 27th. Robert W. Baird dropped their target price on Jack in the Box from $34.00 to $25.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. Finally, Barclays dropped their target price on Jack in the Box from $40.00 to $24.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $44.00.

Jack in the Box Stock Performance

Shares of JACK stock opened at $24.51 on Monday. The company has a market capitalization of $462.21 million, a P/E ratio of -12.57, a PEG ratio of 1.29 and a beta of 1.81. The stock has a 50 day moving average price of $29.90 and a two-hundred day moving average price of $38.89. Jack in the Box has a fifty-two week low of $22.01 and a fifty-two week high of $60.73.

Jack in the Box (NASDAQ:JACK - Get Free Report) last issued its 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. Jack in the Box had a negative net margin of 2.34% and a negative return on equity of 15.79%. The firm had revenue of $469.44 million during the quarter, compared to analyst estimates of $470.47 million. As a group, equities analysts predict 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

A number of hedge funds have recently added to or reduced their stakes in the stock. Sei Investments Co. lifted its position in shares of Jack in the Box by 2.0% in the fourth quarter. Sei Investments Co. now owns 20,626 shares of the restaurant operator's stock valued at $859,000 after acquiring an additional 413 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of Jack in the Box by 96.7% in the fourth quarter. Quadrant Capital Group LLC now owns 899 shares of the restaurant operator's stock valued at $37,000 after purchasing an additional 442 shares in the last quarter. KBC Group NV increased its position in Jack in the Box by 99.5% during the fourth quarter. KBC Group NV now owns 1,235 shares of the restaurant operator's stock worth $51,000 after purchasing an additional 616 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Jack in the Box by 229.7% in the fourth quarter. GAMMA Investing LLC now owns 1,055 shares of the restaurant operator's stock valued at $44,000 after purchasing an additional 735 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new stake in Jack in the Box during the fourth quarter valued at approximately $40,000. 99.79% of the stock is currently owned by institutional investors.

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.

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