Jack in the Box (NASDAQ:JACK) Stock Rating Lowered by StockNews.com

Jack in the Box (NASDAQ:JACK) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday.

Other equities research analysts also recently issued research reports about the stock. Loop Capital cut their target price on shares of Jack in the Box from $87.00 to $70.00 and set a “buy” rating for the company in a research report on Monday, October 14th. The Goldman Sachs Group cut their price objective 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. Bank of America boosted their target price on Jack in the Box from $72.00 to $73.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. TD Cowen reaffirmed a “hold” rating and issued a $50.00 target price on shares of Jack in the Box in a research report on Thursday, November 21st. Finally, Oppenheimer reduced their price target on Jack in the Box from $60.00 to $52.00 and set an “outperform” rating for the company in a report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $58.35.

Jack in the Box Stock Performance

Shares of NASDAQ JACK traded up $0.43 during mid-day trading on Wednesday, reaching $39.58. The company had a trading volume of 535,794 shares, compared to its average volume of 626,522. The company has a market capitalization of $745.33 million, a price-to-earnings ratio of -20.30, a PEG ratio of 1.49 and a beta of 1.94. The stock has a fifty day moving average of $44.30 and a two-hundred day moving average of $47.50. Jack in the Box has a 12-month low of $36.36 and a 12-month high of $81.01.

Insider Buying and Selling

In other news, SVP Sarah L. Super sold 1,688 shares of the firm’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $40.52, for a total value of $68,397.76. Following the sale, the senior vice president now directly owns 16,815 shares of the company’s stock, valued at approximately $681,343.80. This trade represents a 9.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold 2,343 shares of company stock worth $100,601 in the last quarter. 1.60% of the stock is currently owned by company insiders.

Institutional Trading of Jack in the Box

Several hedge funds have recently added to or reduced their stakes in JACK. DekaBank Deutsche Girozentrale bought a new position in Jack in the Box in the 3rd quarter worth approximately $41,000. GAMMA Investing LLC increased its position in Jack in the Box by 229.7% during the fourth quarter. GAMMA Investing LLC now owns 1,055 shares of the restaurant operator’s stock worth $44,000 after acquiring an additional 735 shares during the period. Point72 Asia Singapore Pte. Ltd. increased its position in Jack in the Box by 172.3% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,140 shares of the restaurant operator’s stock worth $100,000 after acquiring an additional 1,354 shares during the period. SG Americas Securities LLC acquired a new position in Jack in the Box during the 3rd quarter valued at $185,000. Finally, MML Investors Services LLC boosted its holdings in Jack in the Box by 20.3% in the 3rd quarter. MML Investors Services LLC now owns 4,852 shares of the restaurant operator’s stock valued at $226,000 after purchasing an additional 819 shares during the period. 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.