Jack in the Box (NASDAQ:JACK) Upgraded to Hold at StockNews.com

Jack in the Box (NASDAQ:JACK) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Tuesday.

JACK has been the topic of a number of other research reports. Wedbush cut their price objective on shares of Jack in the Box from $60.00 to $50.00 and set an “outperform” rating on the stock in a report on Monday, November 18th. Truist Financial reduced 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 report on Friday, November 22nd. Piper Sandler dropped their target price on Jack in the Box from $56.00 to $53.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. TD Cowen reissued a “hold” rating and issued a $50.00 target price on shares of Jack in the Box in a research note on Thursday, November 21st. Finally, Bank of America lifted their price target on Jack in the Box from $72.00 to $73.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $59.88.

Jack in the Box Trading Down 0.0 %

JACK opened at $40.47 on Tuesday. Jack in the Box has a 12-month low of $38.12 and a 12-month high of $84.87. The company has a market cap of $762.09 million, a price-to-earnings ratio of -20.75, a price-to-earnings-growth ratio of 1.49 and a beta of 1.94. The stock has a fifty day simple moving average of $45.74 and a two-hundred day simple moving average of $48.03.

Insider Buying and Selling at Jack in the Box

In related 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 value of $68,397.76. Following the completion of the sale, the senior vice president now directly owns 16,815 shares of the company’s stock, valued at approximately $681,343.80. This represents a 9.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last ninety days, insiders sold 2,343 shares of company stock valued at $100,601. Insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Jack in the Box

Hedge funds have recently modified their holdings of the company. DekaBank Deutsche Girozentrale bought a new stake in shares of Jack in the Box during the 3rd quarter valued at $41,000. GAMMA Investing LLC raised its holdings 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 valued at $44,000 after acquiring an additional 735 shares during the period. Point72 Asia Singapore Pte. Ltd. lifted its position in shares of Jack in the Box by 172.3% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,140 shares of the restaurant operator’s stock valued at $100,000 after acquiring an additional 1,354 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Jack in the Box in the third quarter worth about $185,000. Finally, MML Investors Services LLC raised its stake in Jack in the Box by 20.3% during 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. 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.