Jack in the Box (NASDAQ:JACK) Downgraded by Northcoast Research to “Neutral”

Jack in the Box (NASDAQ:JACK) was downgraded by analysts at Northcoast Research from a “buy” rating to a “neutral” rating in a research report issued on Thursday,Briefing.com Automated Import reports.

A number of other equities analysts have also recently commented on the company. Piper Sandler lowered their price target on Jack in the Box from $56.00 to $53.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th. The Goldman Sachs Group lowered their target price on Jack in the Box from $55.00 to $47.00 and set a “sell” rating for the company in a report on Monday, October 21st. UBS Group lowered their target price on Jack in the Box from $55.00 to $50.00 and set a “neutral” rating for the company in a report on Friday, October 4th. StockNews.com cut Jack in the Box from a “hold” rating to a “sell” rating in a report on Wednesday, August 7th. Finally, Loop Capital lowered their target price on Jack in the Box from $87.00 to $70.00 and set a “buy” rating for the company in a report on Monday, October 14th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Jack in the Box presently has a consensus rating of “Hold” and a consensus price target of $64.06.

Jack in the Box Stock Performance

NASDAQ:JACK opened at $45.08 on Thursday. Jack in the Box has a fifty-two week low of $40.84 and a fifty-two week high of $86.20. The company has a market cap of $862.38 million, a price-to-earnings ratio of -22.65, a PEG ratio of 0.72 and a beta of 1.93. The stock has a fifty day moving average price of $46.02 and a 200-day moving average price of $50.64.

Insider Activity at Jack in the Box

In related news, CFO Brian M. Scott sold 696 shares of the company’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $48.66, for a total transaction of $33,867.36. Following the sale, the chief financial officer now owns 13,201 shares in the company, valued at $642,360.66. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Jack in the Box

Several institutional investors and hedge funds have recently made changes to their positions in the business. DekaBank Deutsche Girozentrale bought a new position in Jack in the Box in the third quarter worth approximately $41,000. EntryPoint Capital LLC boosted its holdings in Jack in the Box by 73.2% in the first quarter. EntryPoint Capital LLC now owns 866 shares of the restaurant operator’s stock worth $59,000 after acquiring an additional 366 shares in the last quarter. Headlands Technologies LLC bought a new position in Jack in the Box in the first quarter worth approximately $97,000. SG Americas Securities LLC bought a new position in Jack in the Box in the third quarter worth approximately $185,000. Finally, Selway Asset Management bought a new position in Jack in the Box in the third quarter worth approximately $228,000. Institutional investors own 99.79% of the company’s stock.

Jack in the Box Company Profile

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.