Jack in the Box (NASDAQ:JACK) Rating Lowered to “Sell” at StockNews.com

Jack in the Box (NASDAQ:JACKGet Free Report) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.

Several other equities analysts have also recently issued reports on the company. The Goldman Sachs Group reduced their price objective on Jack in the Box from $55.00 to $47.00 and set a “sell” rating on the stock in a research note on Monday, October 21st. Piper Sandler decreased their price target on shares of Jack in the Box from $56.00 to $53.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th. UBS Group dropped their price objective on shares of Jack in the Box from $50.00 to $44.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Wedbush decreased their target price on Jack in the Box from $60.00 to $50.00 and set an “outperform” rating for the company in a research note on Monday, November 18th. Finally, Royal Bank of Canada dropped their price target on Jack in the Box from $70.00 to $65.00 and set an “outperform” rating on the stock in a research report on Thursday, November 21st. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $57.76.

Check Out Our Latest Analysis on Jack in the Box

Jack in the Box Stock Performance

Shares of JACK stock opened at $39.52 on Wednesday. The company’s 50-day simple moving average is $44.08 and its 200-day simple moving average is $47.44. Jack in the Box has a one year low of $36.36 and a one year high of $81.01. The stock has a market capitalization of $744.16 million, a price-to-earnings ratio of -20.27, a PEG ratio of 1.22 and a beta of 1.94.

Insider Activity

In other Jack in the Box news, SVP Sarah L. Super sold 1,688 shares of the stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $40.52, for a total transaction 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 approximately $681,343.80. This trade represents a 9.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold 2,343 shares of company stock worth $100,601 over the last three months. Corporate insiders own 1.60% of the company’s stock.

Institutional Trading of Jack in the Box

Institutional investors have recently modified their holdings of the company. Envestnet Asset Management Inc. lifted its holdings in Jack in the Box by 6.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 98,975 shares of the restaurant operator’s stock valued at $5,042,000 after acquiring an additional 6,064 shares during the last quarter. Inspire Investing LLC raised its holdings in shares of Jack in the Box by 31.9% in the 2nd quarter. Inspire Investing LLC now owns 7,647 shares of the restaurant operator’s stock worth $390,000 after purchasing an additional 1,851 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in Jack in the Box during the second quarter valued at approximately $509,000. Sei Investments Co. boosted its holdings in Jack in the Box by 46.6% during the second quarter. Sei Investments Co. now owns 13,414 shares of the restaurant operator’s stock worth $683,000 after buying an additional 4,266 shares in the last quarter. Finally, Ensign Peak Advisors Inc grew its position in Jack in the Box by 70.2% in the second quarter. Ensign Peak Advisors Inc now owns 23,648 shares of the restaurant operator’s stock worth $1,205,000 after buying an additional 9,750 shares during the last quarter. Institutional investors and hedge funds own 99.79% of the company’s stock.

About Jack in the Box

(Get Free Report)

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.

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Analyst Recommendations for Jack in the Box (NASDAQ:JACK)

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