Truist Financial Has Lowered Expectations for Jack in the Box (NASDAQ:JACK) Stock Price

Jack in the Box (NASDAQ:JACK) had its price objective decreased by Truist Financial from $57.00 to $51.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the restaurant operator’s stock. Truist Financial’s price target would suggest a potential upside of 32.06% from the company’s previous close.

Several other brokerages also recently commented on JACK. UBS Group dropped their price objective on shares of Jack in the Box from $50.00 to $44.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. Stifel Nicolaus dropped their price objective on shares of Jack in the Box from $52.00 to $40.00 and set a “hold” rating for the company in a research note on Friday, January 10th. Royal Bank of Canada reissued an “outperform” rating and issued a $55.00 price objective on shares of Jack in the Box in a research note on Thursday, January 16th. Morgan Stanley dropped their price target on shares of Jack in the Box from $53.00 to $45.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 21st. Finally, Wedbush downgraded shares of Jack in the Box from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $50.00 to $40.00 in a research note on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Jack in the Box currently has a consensus rating of “Hold” and an average price target of $49.56.

Jack in the Box Trading Up 1.8 %

Shares of Jack in the Box stock opened at $38.62 on Wednesday. The company has a market cap of $728.22 million, a PE ratio of -19.81, a price-to-earnings-growth ratio of 1.29 and a beta of 1.94. The company has a 50 day moving average of $39.55 and a 200-day moving average of $44.52. Jack in the Box has a 1-year low of $32.69 and a 1-year high of $76.56.

Jack in the Box (NASDAQ:JACK) last issued its quarterly earnings data on Tuesday, February 25th. The restaurant operator reported $1.92 EPS for the quarter, beating the consensus estimate of $1.71 by $0.21. The business had revenue of $469.44 million during the quarter, compared to the consensus estimate of $470.47 million. Jack in the Box had a negative net margin of 2.34% and a negative return on equity of 15.79%. Research analysts forecast that Jack in the Box will post 5.33 earnings per share for the current year.

Insider Transactions at Jack in the Box

In other news, SVP Sarah L. Super sold 1,688 shares of the stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $40.52, for a total transaction of $68,397.76. Following the completion of the sale, the senior vice president now directly owns 16,815 shares in the company, valued at $681,343.80. This represents a 9.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders sold a total of 2,190 shares of company stock worth $92,961 over the last three months. 1.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Jack in the Box

Large investors have recently bought and sold shares of the stock. Aigen Investment Management LP grew its holdings in Jack in the Box by 238.5% in the third quarter. Aigen Investment Management LP now owns 21,869 shares of the restaurant operator’s stock worth $1,018,000 after purchasing an additional 15,409 shares during the period. Barclays PLC grew its holdings in Jack in the Box by 70.9% in the third quarter. Barclays PLC now owns 216,117 shares of the restaurant operator’s stock worth $10,060,000 after purchasing an additional 89,649 shares during the period. Biglari Sardar grew its holdings in Jack in the Box by 14.2% in the third quarter. Biglari Sardar now owns 96,717 shares of the restaurant operator’s stock worth $4,501,000 after purchasing an additional 12,000 shares during the period. Access Investment Management LLC acquired a new stake in Jack in the Box in the third quarter worth $1,475,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in Jack in the Box by 3.6% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 738,297 shares of the restaurant operator’s stock worth $30,244,000 after purchasing an additional 25,881 shares during the period. 99.79% of the stock is currently owned by institutional investors and hedge funds.

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.