Jack in the Box (NASDAQ:JACK) Given New $25.00 Price Target at Robert W. Baird

Jack in the Box (NASDAQ:JACK) had its price objective dropped by equities research analysts at Robert W. Baird from $34.00 to $25.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a “neutral” rating on the restaurant operator’s stock. Robert W. Baird’s price target would indicate a potential upside of 2.67% from the company’s current price.

Several other equities research analysts have also recently issued reports on the company. Royal Bank of Canada cut their target price on Jack in the Box from $55.00 to $45.00 and set an “outperform” rating for the company in a research note on Wednesday, February 26th. Morgan Stanley cut their price objective on Jack in the Box from $53.00 to $45.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 21st. TD Securities reaffirmed a “hold” rating and issued a $42.00 target price on shares of Jack in the Box in a research report on Wednesday, February 26th. Oppenheimer lowered their target price on shares of 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. Finally, Wedbush downgraded shares of Jack in the Box from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $50.00 to $40.00 in a research note on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Jack in the Box has an average rating of “Hold” and an average target price of $47.82.

Jack in the Box Stock Performance

NASDAQ JACK opened at $24.35 on Monday. The stock’s fifty day moving average is $35.26 and its two-hundred day moving average is $41.32. The firm has a market capitalization of $459.19 million, a P/E ratio of -12.49, a price-to-earnings-growth ratio of 1.29 and a beta of 1.81. Jack in the Box has a fifty-two week low of $23.21 and a fifty-two week high of $62.26.

Jack in the Box (NASDAQ:JACK) last posted its quarterly earnings results on Tuesday, February 25th. The restaurant operator reported $1.92 EPS for the quarter, topping the consensus estimate of $1.71 by $0.21. The business had revenue of $469.44 million for the quarter, compared to analyst estimates 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, sell-side analysts forecast that Jack in the Box will post 5.33 EPS for the current year.

Hedge Funds Weigh In On Jack in the Box

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. raised its holdings in Jack in the Box by 12.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 436,361 shares of the restaurant operator’s stock valued at $18,170,000 after acquiring an additional 47,851 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Jack in the Box in the 4th quarter valued at $7,655,000. Barclays PLC lifted its position in shares of Jack in the Box by 70.9% during the 3rd quarter. Barclays PLC now owns 216,117 shares of the restaurant operator’s stock worth $10,060,000 after purchasing an additional 89,649 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Jack in the Box during the fourth quarter worth $666,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in Jack in the Box by 3.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 738,297 shares of the restaurant operator’s stock valued at $30,244,000 after buying an additional 25,881 shares during the last quarter. Hedge funds and other 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.