Jack in the Box (NASDAQ:JACK) PT Raised to $73.00

Jack in the Box (NASDAQ:JACK) had its target price lifted by investment analysts at Bank of America from $72.00 to $73.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the restaurant operator’s stock. Bank of America‘s price objective would suggest a potential upside of 57.09% from the company’s current price.

Several other equities research analysts have also weighed in on the company. Loop Capital reduced their price objective on Jack in the Box from $87.00 to $70.00 and set a “buy” rating for the company in a research note on Monday, October 14th. UBS Group decreased their price target on Jack in the Box from $55.00 to $50.00 and set a “neutral” rating for the company in a research report on Friday, October 4th. StockNews.com downgraded Jack in the Box from a “hold” rating to a “sell” rating in a report on Wednesday, August 7th. Truist Financial dropped their target price on shares of Jack in the Box from $83.00 to $70.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Finally, Wedbush cut their price target on shares of Jack in the Box from $68.00 to $60.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $64.25.

Jack in the Box Trading Up 4.4 %

Shares of Jack in the Box stock opened at $46.47 on Tuesday. Jack in the Box has a 52 week low of $40.84 and a 52 week high of $86.20. The stock has a market cap of $901.05 million, a PE ratio of 8.15, a price-to-earnings-growth ratio of 0.63 and a beta of 1.94. The company’s 50-day moving average price is $46.75 and its two-hundred day moving average price is $51.82.

Jack in the Box (NASDAQ:JACK) last announced its quarterly earnings data on Tuesday, August 6th. The restaurant operator reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.14. Jack in the Box had a negative net margin of 2.30% and a negative return on equity of 16.46%. The company had revenue of $369.17 million for the quarter, compared to analysts’ expectations of $371.81 million. During the same quarter in the previous year, the company posted $1.45 EPS. The business’s revenue was down 7.0% compared to the same quarter last year. On average, equities analysts predict that Jack in the Box will post 6.22 EPS for the current fiscal year.

Insider Transactions at Jack in the Box

In other Jack in the Box news, CFO Brian M. Scott sold 696 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $48.66, for a total value of $33,867.36. Following the completion of the sale, the chief financial officer now owns 13,201 shares of the company’s stock, valued at $642,360.66. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Jack in the Box

A number of institutional investors have recently modified their holdings of the company. PNC Financial Services Group Inc. lifted its position in shares of Jack in the Box by 9.9% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,993 shares of the restaurant operator’s stock worth $163,000 after purchasing an additional 179 shares during the last quarter. Illinois Municipal Retirement Fund grew its holdings in Jack in the Box by 2.5% in the 1st quarter. Illinois Municipal Retirement Fund now owns 11,378 shares of the restaurant operator’s stock valued at $779,000 after buying an additional 277 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in Jack in the Box by 3.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,733 shares of the restaurant operator’s stock worth $496,000 after buying an additional 358 shares during the period. EntryPoint Capital LLC lifted its holdings in shares of Jack in the Box by 73.2% during the first quarter. EntryPoint Capital LLC now owns 866 shares of the restaurant operator’s stock worth $59,000 after buying an additional 366 shares during the last quarter. Finally, Inspire Investing LLC boosted its holdings in Jack in the Box by 8.8% in the 1st quarter. Inspire Investing LLC now owns 5,796 shares of the restaurant operator’s stock valued at $397,000 after purchasing an additional 471 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.