Jack In The Box, Inc. (JACK): A Great Stock For Handling Current Market Conditions?

Currently, there are 19.73M common shares owned by the public and among those 18.60M shares have been available to trade.

The company’s stock has a 5-day price change of -4.60% and -10.84% over the past three months. JACK shares are trading -39.53% year to date (YTD), with the 12-month market performance down to -38.41% lower. It has a 12-month low price of $46.10 and touched a high of $86.20 over the same period. JACK has an average intraday trading volume of 522.02K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -5.82%, -6.14%, and -23.58% respectively.

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Institutional ownership of Jack In The Box, Inc. (NASDAQ: JACK) shares accounts for 106.58% of the company’s 19.73M shares outstanding.

It has a market capitalization of $944.26M and a beta (3y monthly) value of 1.97. The earnings-per-share (ttm) stands at -$2.02. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.61% over the week and 4.52% over the month.

Earnings per share for the fiscal year are expected to increase by 2.85%, and 8.51% over the next financial year. EPS should shrink at an annualized rate of 8.32% over the next five years, compared to 14.89% over the past 5-year period.

Looking at the support for the JACK, a number of firms have released research notes about the stock. Goldman stated their Sell rating for the stock in a research note on June 13, 2024, with the firm’s price target at $55. RBC Capital Mkts coverage for the Jack In The Box, Inc. (JACK) stock in a research note released on May 16, 2024 offered a Outperform rating with a price target of $75. Wedbush was of a view on March 14, 2024 that the stock is Outperform, while Northcoast gave the stock Buy rating on January 29, 2024, issuing a price target of $95. Deutsche Bank on their part issued Hold rating on October 19, 2023.

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