Is It Right Time to Be Bullish on Jack in the Box Inc. (NASDAQ:JACK), Netflix Inc. (NASDAQ:NFLX)?

The shares of Jack in the Box Inc. (NASDAQ:JACK) has been pegged with a rating of Market Perform by Cowen in its latest research note that was published on March 25, 2020. The Services company has also assigned a $37 price target. Cowen wasn’t the only research firm that published a report of Jack in the Box Inc., with other equities research analysts also giving their opinion on the stock. The stock had earned Neutral rating from Robert W. Baird Markets when it published its report on February 21, 2020. That day the Robert W. Baird set price target on the stock to $90. The stock was given Outperform rating by Cowen in its report released on February 11, 2020, the day when the price target on the stock was placed at 102. Telsey Advisory Group was of a view that JACK is Outperform in its latest report on August 22, 2019. Wedbush thinks that JACK is worth Outperform rating. This was contained in the firm’s report on August 09, 2019 in which the stock’s price target was also moved to 105.

Amongst the analysts that rated the stock, 2 have recommended investors to sell it, 9 believe it has the potential for further growth, thus rating it as Hold while 8 advised investors to purchase the stock. The consensus currently stands at a Overweight while its average price target is $70.06. The price of the stock the last time has raised by 123.02% from its 52-Week high price while it is -59.74% than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 38.74.

The shares of the company added by 15.92% during the trading session on Wednesday, reaching a low of $32.49 while ending the day at $37.49. During the trading session, a total of 2.9 million shares were traded which represents a -304.26% decline from the average session volume which is 716200.0 shares. JACK had ended its last session trading at $32.34. Jack in the Box Inc. currently has a market cap of $668.07 million, while its P/E ratio stands at 14.10, while its P/E earnings growth sits at 1.46, with a beta of 1.48. JACK 52-week low price stands at $16.81 while its 52-week high price is $93.12.

The company in its last quarterly report recorded $1.17 earnings per share which is below the predicted by most analysts. The Jack in the Box Inc. generated 38.29 million in revenue during the last quarter. In the second quarter last year, the firm recorded $0.95 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 15.38%. Jack in the Box Inc. has the potential to record 4.21 EPS for the current fiscal year, according to equities analysts.

Investment analysts at Robert W. Baird published a research note on March 23, 2020 where it informed investors and clients that Netflix Inc. (NASDAQ:NFLX) is now rated as Outperform. Their price target on the stock stands at $415. Imperial Capital also rated NFLX as Reiterated on March 04, 2020, with its price target of $438 suggesting that NFLX could surge by 6.2% from its current share price. Even though the stock has been trading at $357.32/share, analysts expect it to down by -4.18% to reach $365.03/share. It started the day trading at $362.00 and traded between $339.17 and $342.39 throughout the trading session.

A look at its technical shows that NFLX’s 50-day SMA is 356.05 while its 200-day SMA stands at 322.42. The stock has a high of $393.52 for the year while the low is $252.28. The stock, however, witnessed a rise in its short on 03/13/20. Compared to previous close which recorded 19.04 M shorted shares, the short percentage went lower by -2.86%, as 18.50M JACK shares were shorted. At the moment, only 4.41% of Netflix Inc. shares were sold short. The company’s P/E ratio currently sits at 88.91, while the P/B ratio is 19.80. The company’s average trading volume currently stands at 7.55M shares, which means that the short-interest ratio is just 2.52 days. Over the past seven days, the company moved, with its shift of 8.53%. Looking further, the stock has raised 2.79% over the past 90 days while it gained 34.49% over the last six months.

The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The Capital Research & Management Co…. bought more NFLX shares, increasing its portfolio by 7.69% during the last quarter. This move now sees The Capital Research & Management Co…. purchasing 2,713,207 shares in the last quarter, thus it now holds 38,002,047 shares of NFLX, with a total valuation of $14,023,895,404. The Vanguard Group, Inc. meanwhile bought more NFLX shares in the recently filed quarter, changing its stake to $12,045,973,946 worth of shares.

Similarly, T. Rowe Price Associates, Inc. (I… increased its Netflix Inc. shares by 19.45% during the recently filed quarter. After buying 20,118,871 shares in the last quarter, the firm now controls 3,275,690 shares of Netflix Inc. which are valued at $7,424,466,965. In the same vein, Fidelity Management & Research Co… increased its Netflix Inc. shares by during the most recent reported quarter. The firm sold 1,626,563 shares during the quarter which increased its stakes to 19,846,449 shares and is now valued at $7,323,935,074. Following these latest developments, around 1.63% of Netflix Inc. stocks are owned by institutional investors and hedge funds.