Jack in the Box (NASDAQ:JACK) Raised to Hold at StockNews.com

Jack in the Box (NASDAQ:JACK) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.

Several other research analysts also recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Jack in the Box from $51.00 to $46.00 and set a “hold” rating for the company in a research report on Thursday, November 21st. Truist Financial decreased their target price on Jack in the Box from $70.00 to $57.00 and set a “buy” rating on the stock in a research report on Friday, November 22nd. UBS Group reduced their price objective on Jack in the Box from $55.00 to $50.00 and set a “neutral” rating for the company in a research note on Friday, October 4th. TD Cowen reaffirmed a “hold” rating and set a $50.00 target price on shares of Jack in the Box in a research note on Thursday, November 21st. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $60.00 target price on shares of Jack in the Box in a report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $59.06.

Jack in the Box Stock Performance

Shares of NASDAQ JACK opened at $38.13 on Tuesday. The firm has a fifty day moving average of $45.27 and a 200 day moving average of $47.88. The firm has a market cap of $718.03 million, a PE ratio of -19.55, a PEG ratio of 1.49 and a beta of 1.94. Jack in the Box has a one year low of $37.01 and a one year high of $83.75.

Insider Buying and Selling at Jack in the Box

In other news, SVP Sarah L. Super sold 1,688 shares of the firm’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $40.52, for a total transaction of $68,397.76. Following the completion of the transaction, the senior vice president now directly owns 16,815 shares in the company, valued at $681,343.80. This trade represents a 9.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have sold 2,343 shares of company stock valued at $100,601 over the last 90 days. 1.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Jack in the Box

Institutional investors and hedge funds have recently modified their holdings of the company. DekaBank Deutsche Girozentrale acquired a new position in Jack in the Box in the 3rd quarter valued at about $41,000. GAMMA Investing LLC boosted its stake in shares of Jack in the Box by 229.7% in the fourth quarter. GAMMA Investing LLC now owns 1,055 shares of the restaurant operator’s stock valued at $44,000 after purchasing an additional 735 shares during the period. Point72 Asia Singapore Pte. Ltd. grew its holdings in shares of Jack in the Box by 172.3% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,140 shares of the restaurant operator’s stock valued at $100,000 after purchasing an additional 1,354 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Jack in the Box during the 3rd quarter worth approximately $185,000. Finally, MML Investors Services LLC lifted its holdings in Jack in the Box by 20.3% during the 3rd quarter. MML Investors Services LLC now owns 4,852 shares of the restaurant operator’s stock worth $226,000 after buying an additional 819 shares in the last quarter. Hedge funds and other institutional investors 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.