Royal Bank of Canada Reaffirms Outperform Rating for Jack in the Box (NASDAQ:JACK)

Jack in the Box (NASDAQ:JACK)‘s stock had its “outperform” rating restated by Royal Bank of Canada in a note issued to investors on Thursday,Benzinga reports. They presently have a $55.00 price objective on the restaurant operator’s stock. Royal Bank of Canada’s target price indicates a potential upside of 42.27% from the company’s current price.

A number of other research firms have also commented on JACK. Northcoast Research lowered shares of Jack in the Box from a “buy” rating to a “neutral” rating in a research note on Thursday, November 14th. Loop Capital lowered their price target on Jack in the Box from $87.00 to $70.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Deutsche Bank Aktiengesellschaft decreased their price objective on Jack in the Box from $51.00 to $46.00 and set a “hold” rating for the company in a research report on Thursday, November 21st. Bank of America upped their target price on Jack in the Box from $72.00 to $73.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Finally, UBS Group decreased their price target on shares of Jack in the Box from $50.00 to $44.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $57.76.

Jack in the Box Trading Down 2.2 %

JACK stock opened at $38.66 on Thursday. Jack in the Box has a one year low of $36.36 and a one year high of $81.01. The firm has a 50-day moving average of $43.72 and a two-hundred day moving average of $47.31. The firm has a market capitalization of $728.01 million, a PE ratio of -19.83, a P/E/G ratio of 1.22 and a beta of 1.94.

Insider Transactions at Jack in the Box

In other Jack in the Box news, SVP Sarah L. Super sold 1,688 shares of the business’s stock in a transaction on Monday, December 23rd. The shares were 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 owns 16,815 shares of the company’s stock, valued at $681,343.80. The trade was a 9.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last three months, insiders sold 2,343 shares of company stock worth $100,601. 1.60% of the stock is owned by insiders.

Hedge Funds Weigh In On Jack in the Box

Institutional investors have recently made changes to their positions in the business. Inspire Investing LLC boosted its stake in Jack in the Box by 10.2% during the 4th quarter. Inspire Investing LLC now owns 10,688 shares of the restaurant operator’s stock valued at $445,000 after purchasing an additional 993 shares during the period. Janney Montgomery Scott LLC lifted its holdings in shares of Jack in the Box by 53.5% during the fourth quarter. Janney Montgomery Scott LLC now owns 13,873 shares of the restaurant operator’s stock worth $578,000 after buying an additional 4,838 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of Jack in the Box by 188.5% in the fourth quarter. SG Americas Securities LLC now owns 11,484 shares of the restaurant operator’s stock valued at $478,000 after acquiring an additional 7,504 shares during the period. West Oak Capital LLC grew its stake in shares of Jack in the Box by 30,452.9% in the fourth quarter. West Oak Capital LLC now owns 21,387 shares of the restaurant operator’s stock worth $891,000 after acquiring an additional 21,317 shares during the last quarter. Finally, GAMMA Investing LLC increased its position 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 worth $44,000 after acquiring an additional 735 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.