Jack in the Box (NASDAQ:JACK) Price Target Lowered to $40.00 at Stifel Nicolaus

Jack in the Box (NASDAQ:JACK) had its price objective lowered by stock analysts at Stifel Nicolaus from $52.00 to $40.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a “hold” rating on the restaurant operator’s stock. Stifel Nicolaus’ target price indicates a potential upside of 5.74% from the stock’s current price.

JACK has been the subject of a number of other research reports. The Goldman Sachs Group cut their target price on shares of Jack in the Box from $55.00 to $47.00 and set a “sell” rating for the company in a research report on Monday, October 21st. Barclays raised their price objective on shares of Jack in the Box from $46.00 to $50.00 and gave the stock an “equal weight” rating in a report on Thursday, November 21st. TD Cowen reissued a “hold” rating and set a $50.00 target price on shares of Jack in the Box in a report on Thursday, November 21st. Truist Financial cut their price target on Jack in the Box from $70.00 to $57.00 and set a “buy” rating for the company in a report on Friday, November 22nd. Finally, Oppenheimer decreased their price objective on Jack in the Box from $60.00 to $52.00 and set an “outperform” rating on the stock in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $58.35.

Jack in the Box Trading Down 0.8 %

Shares of JACK stock traded down $0.30 on Friday, hitting $37.83. 139,160 shares of the stock were exchanged, compared to its average volume of 591,539. The firm’s 50 day moving average is $45.04 and its two-hundred day moving average is $47.81. Jack in the Box has a one year low of $37.01 and a one year high of $81.01. The firm has a market capitalization of $712.38 million, a PE ratio of -19.40, a P/E/G ratio of 1.49 and a beta of 1.94.

Insider Transactions at Jack in the Box

In other Jack in the Box news, SVP Sarah L. Super sold 1,688 shares of the stock in a transaction that occurred 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 2,343 shares of company stock valued at $100,601 in the last quarter. Insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Jack in the Box

A number of hedge funds have recently made changes to their positions in JACK. Headlands Technologies LLC grew its holdings in Jack in the Box by 347.7% in the 2nd quarter. Headlands Technologies LLC now owns 6,349 shares of the restaurant operator’s stock worth $323,000 after acquiring an additional 4,931 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Jack in the Box by 6.5% during the second quarter. Envestnet Asset Management Inc. now owns 98,975 shares of the restaurant operator’s stock valued at $5,042,000 after purchasing an additional 6,064 shares in the last quarter. Inspire Investing LLC increased its position in Jack in the Box by 31.9% during the 2nd quarter. Inspire Investing LLC now owns 7,647 shares of the restaurant operator’s stock valued at $390,000 after buying an additional 1,851 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in shares of Jack in the Box during the second quarter valued at $509,000. Finally, Sei Investments Co. raised its holdings in Jack in the Box by 46.6% in the second quarter. Sei Investments Co. now owns 13,414 shares of the restaurant operator’s stock worth $683,000 after buying an additional 4,266 shares during the last quarter. 99.79% of the stock is currently owned by institutional investors.

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.