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

Jack in the Box (NASDAQ:JACK) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Friday.

A number of other research analysts have also recently issued reports on JACK. Truist Financial lowered their price objective on Jack in the Box from $70.00 to $57.00 and set a “buy” rating for the company in a research note on Friday, November 22nd. Guggenheim decreased their target price on shares of Jack in the Box from $95.00 to $60.00 and set a “buy” rating for the company in a report on Wednesday, November 20th. Bank of America increased their price target on shares of Jack in the Box from $72.00 to $73.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Northcoast Research lowered shares of Jack in the Box from a “buy” rating to a “neutral” rating in a report on Thursday, November 14th. Finally, Royal Bank of Canada decreased their price target on Jack in the Box from $70.00 to $65.00 and set an “outperform” rating for the company in a research note on Thursday, November 21st. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $59.88.

Jack in the Box Stock Performance

Shares of NASDAQ JACK opened at $40.73 on Friday. The company has a 50 day simple moving average of $46.96 and a two-hundred day simple moving average of $49.16. Jack in the Box has a fifty-two week low of $38.12 and a fifty-two week high of $86.20. The company has a market capitalization of $766.99 million, a price-to-earnings ratio of -20.89, a P/E/G ratio of 1.59 and a beta of 1.92.

Institutional Trading of Jack in the Box

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Nisa Investment Advisors LLC increased its stake in Jack in the Box by 15,439.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 5,128 shares of the restaurant operator’s stock worth $261,000 after buying an additional 5,095 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Jack in the Box by 8.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 245,491 shares of the restaurant operator’s stock worth $12,505,000 after purchasing an additional 18,874 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Jack in the Box by 26.2% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 626,955 shares of the restaurant operator’s stock worth $31,937,000 after purchasing an additional 130,214 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Jack in the Box by 11.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,997 shares of the restaurant operator’s stock worth $255,000 after buying an additional 503 shares in the last quarter. Finally, Hussman Strategic Advisors Inc. bought a new position in shares of Jack in the Box during the second quarter worth $1,070,000. 99.79% of the stock is owned by hedge funds and other institutional investors.

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.