Jack in the Box (NASDAQ:JACK) Price Target Cut to $25.00 by Analysts at Robert W. Baird

Jack in the Box (NASDAQ:JACK) had its target price cut by equities researchers at Robert W. Baird from $34.00 to $25.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a “neutral” rating on the restaurant operator’s stock. Robert W. Baird’s target price indicates a potential upside of 9.03% from the company’s previous close.

JACK has been the topic of a number of other research reports. Morgan Stanley dropped their price objective on Jack in the Box from $53.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 21st. Wedbush downgraded shares of Jack in the Box from an “outperform” rating to a “neutral” rating and cut their price objective for the stock from $50.00 to $40.00 in a research report on Friday, February 21st. TD Securities reissued a “hold” rating and set a $42.00 target price on shares of Jack in the Box in a research report on Wednesday, February 26th. StockNews.com upgraded shares of Jack in the Box from a “sell” rating to a “hold” rating in a research note on Thursday, February 27th. Finally, UBS Group reduced their price target on Jack in the Box from $50.00 to $44.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 7th. One 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 currently has an average rating of “Hold” and an average target price of $47.82.

Jack in the Box Stock Performance

NASDAQ:JACK opened at $22.93 on Monday. The firm has a 50-day simple moving average of $34.28 and a 200-day simple moving average of $40.90. Jack in the Box has a one year low of $22.34 and a one year high of $62.26. The firm has a market cap of $432.41 million, a P/E ratio of -11.76, a P/E/G ratio of 1.29 and a beta of 1.81.

Jack in the Box (NASDAQ:JACK) last issued its quarterly earnings data on Tuesday, February 25th. The restaurant operator reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.71 by $0.21. The company had revenue of $469.44 million during the quarter, compared to the consensus estimate of $470.47 million. Jack in the Box had a negative net margin of 2.34% and a negative return on equity of 15.79%. On average, research analysts predict that Jack in the Box will post 5.33 EPS for the current fiscal year.

Institutional Trading of Jack in the Box

Hedge funds and other institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC boosted its holdings in Jack in the Box by 1,034.0% in the first quarter. GAMMA Investing LLC now owns 11,964 shares of the restaurant operator’s stock valued at $325,000 after purchasing an additional 10,909 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Jack in the Box in the fourth quarter worth about $1,945,000. Jefferies Financial Group Inc. purchased a new stake in shares of Jack in the Box in the fourth quarter worth about $427,000. PVG Asset Management Corp acquired a new stake in Jack in the Box during the fourth quarter worth about $238,000. Finally, Public Employees Retirement System of Ohio purchased a new position in Jack in the Box during the fourth quarter valued at approximately $40,000. Institutional investors and hedge funds 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.