While Jack In The Box, Inc. has underperformed by -2.59%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, JACK fell by -41.91%, with highs and lows ranging from $99.56 to $53.71, whereas the simple moving average fell by -26.43% in the last 200 days.
On March 14, 2024, Wedbush Upgraded Jack In The Box, Inc. (NASDAQ: JACK) to Outperform. A report published by Northcoast on January 29, 2024, Upgraded its rating to ‘Buy’ for JACK. Deutsche Bank also rated JACK shares as ‘Hold’, setting a target price of $71 on the company’s shares in an initiating report dated October 19, 2023. BofA Securities Initiated an Buy rating on October 05, 2023, and assigned a price target of $85. Morgan Stanley resumed its ‘Equal-Weight’ rating for JACK, as published in its report on July 17, 2023. Piper Sandler’s report from June 14, 2023 suggests a price prediction of $93 for JACK shares, giving the stock a ‘Neutral’ rating. Oppenheimer also rated the stock as ‘Outperform’.
Analysis of Jack In The Box, Inc. (JACK)
The current dividend for JACK investors is set at $1.76 per share, indicating investors will get a return regardless of how the company performs over the next quarter. Further, the quarter-over-quarter decrease in sales is -7.51%, showing a negative trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Jack In The Box, Inc.’s future performance, with equity being one of the most critical indicators. Taking into account the quick ratio of the company, currently set at 0.43, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and JACK is recording an average volume of 457.70K. On a monthly basis, the volatility of the stock is set at 3.10%, whereas on a weekly basis, it is put at 2.88%, with a loss of -1.56% over the past seven days. Furthermore, long-term investors anticipate a median target price of $79.19, showing growth from the present price of $53.80, which can serve as yet another indication of whether JACK is worth investing in or should be passed over.
How Do You Analyze Jack In The Box, Inc. Shares?
Jack In The Box, Inc. (JACK) is based in the USA and is one of the most prominent companies operating in the Restaurants market. When comparing Jack In The Box, Inc. shares with other companies under Consumer Cyclical, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 9.46, there is a growth in quarterly earnings of -23.92%.
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 2.30%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 104.69% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
JACK shares are owned by institutional investors to the tune of 104.69% at present.
