Jack In The Box (NASDAQ:JACK) Rating Downgrade

Telsey Advisory lowered Jack In The Box (NASDAQ:JACK)’s Stock to “Market Perform” rating from “Outperform”. The ratings change was revealed in an analyst note today. The firm currently has $118.0 target price on the stock.

In spite of this stock rating downgrade NASDAQ:JACK is now trading 5.67% higher at $107.67 as of 10:07 PM New York time. Jack In The Box shares have [From2] 0% over the past 200 days, while the S&P500 has risen 6.00% over the same time period.

Out of 13 analysts covering Jack In The Box, 10 rate it a Buy, 6 indicate a Hold while 0 suggest a Sell. The highest target is $105 and the lowest is $85 according to Thomson/First Call. The 12-month mean target is $92.38, which means downside potential of 14.20% over the current price.

Institutional Ownership

Falcon Point Capital Llc had the biggest stake with ownership of 186,204 shares as of q2 2015 for 2.67% of the stock exposure. Tiger Legatus Capital Management Llc is another notably bullish investment manager who is possessing 75,000 shares of Jack In The Box or 2.34% of their stock exposure. In addition, Brant Point Investment Management Llc have 1.15% of their stock exposure invested in the company for 136,795 shares. The Pennsylvania-based fund Emerald Advisers Inc Pa revealed it had acquired a stake worth about 1.15% of the investment manager’s stock portfolio in Jack In The Box. The Pennsylvania-based fund Emerald Mutual Fund Advisers Trust is also positive about the stock, possessing 268,244 shares or 1.09% of their stock exposure.

Jack In The Box (NASDAQ:JACK) Profile

Jack in the Box Inc. operates and franchises Jack in the Box quick-service restaurants (QSRs) and Qdoba Mexican Eats (Qdoba) fast-casual restaurants. The Company operates in two segments: Jack in the Box and Qdoba restaurant operations. Qdoba is a fast-casual Mexican food brand in the United States, offering food items including burritos, tacos, salads, and quesadillas.

Jack In The Box (NASDAQ:JACK) traded up 5.67% on 18 May, hitting $107.67. A total of 5.83 million shares of the company’s stock traded hands. This is up from average of 625,348 shares. Jack In The Box has a 52 week low of $73.40 and a 52 week high of $113.3. The company has a market cap of $3.49 billion and a P/E ratio of 25.15.

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The post Jack In The Box (NASDAQ:JACK) Downgraded by Analysts at Telsey Advisory to “Market Perform” from “Outperform” Rating With $118.0 Target Price per Share appeared first on Octafinance.