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

Jack in the Box (NASDAQ:JACK) had its target price reduced by stock analysts at Stifel Nicolaus from $52.00 to $40.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a “hold” rating on the restaurant operator’s stock. Stifel Nicolaus’ price target suggests a potential upside of 7.53% from the company’s current price.

JACK has been the subject of a number of other reports. UBS Group reduced their price objective on shares of Jack in the Box from $50.00 to $44.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. StockNews.com raised Jack in the Box from a “sell” rating to a “hold” rating in a report on Tuesday, January 7th. Wedbush dropped their price target on 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. Bank of America boosted their price objective 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. Finally, Loop Capital decreased their target price on 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. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Jack in the Box currently has an average rating of “Hold” and an average target price of $58.35.

Jack in the Box Price Performance

NASDAQ JACK opened at $37.20 on Friday. The company has a fifty day moving average price of $44.78 and a 200-day moving average price of $47.70. The firm has a market cap of $700.51 million, a price-to-earnings ratio of -19.08, a PEG ratio of 1.49 and a beta of 1.94. Jack in the Box has a 1 year low of $36.71 and a 1 year high of $81.01.

Insider Buying and Selling at Jack in the Box

In other news, SVP Sarah L. Super sold 1,688 shares of the firm’s stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $40.52, for a total value of $68,397.76. Following the completion of the transaction, the senior vice president now directly owns 16,815 shares of the company’s stock, valued at $681,343.80. This trade represents a 9.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 2,343 shares of company stock valued at $100,601 in the last 90 days. 1.60% of the stock is currently owned by company insiders.

Institutional Trading of Jack in the Box

A number of institutional investors have recently added to or reduced their stakes in JACK. Invenomic Capital Management LP purchased a new position in Jack in the Box during the 3rd quarter valued at about $11,802,000. Clearline Capital LP boosted its position in shares of Jack in the Box by 136.7% in the second quarter. Clearline Capital LP now owns 250,426 shares of the restaurant operator’s stock valued at $12,757,000 after acquiring an additional 144,631 shares during the period. Squarepoint Ops LLC grew its stake in Jack in the Box by 296.5% during the second quarter. Squarepoint Ops LLC now owns 135,146 shares of the restaurant operator’s stock valued at $6,884,000 after acquiring an additional 101,064 shares in the last quarter. Barclays PLC increased its holdings in Jack in the Box by 70.9% during the 3rd quarter. Barclays PLC now owns 216,117 shares of the restaurant operator’s stock worth $10,060,000 after acquiring an additional 89,649 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its stake in Jack in the Box by 13.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 712,416 shares of the restaurant operator’s stock worth $33,156,000 after purchasing an additional 85,461 shares in the last quarter. Hedge funds and other institutional investors own 99.79% of the company’s stock.

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.