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

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

Other equities analysts have also issued research reports about the stock. Northcoast Research lowered shares of Jack in the Box from a “buy” rating to a “neutral” rating in a report on Thursday, November 14th. Piper Sandler dropped their price objective on shares of 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. Guggenheim reiterated a “buy” rating and set a $55.00 price objective on shares of Jack in the Box in a report on Thursday. Stifel Nicolaus dropped their price objective on shares of Jack in the Box from $52.00 to $40.00 and set a “hold” rating on the stock in a report on Friday, January 10th. Finally, TD Cowen reiterated a “hold” rating and set a $50.00 price objective on shares of Jack in the Box in a report on Thursday, November 21st. One analyst has rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $49.56.

Jack in the Box Stock Down 0.5 %

JACK stock opened at $38.44 on Thursday. The firm has a market cap of $724.82 million, a price-to-earnings ratio of -19.71, a PEG ratio of 1.29 and a beta of 1.94. Jack in the Box has a 12-month low of $32.69 and a 12-month high of $76.56. The company’s fifty day simple moving average is $39.51 and its 200 day simple moving average is $44.42.

Jack in the Box (NASDAQ:JACK) last released its earnings results on Tuesday, February 25th. The restaurant operator reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $0.21. The business had revenue of $469.44 million for the quarter, compared to analyst estimates of $470.47 million. Jack in the Box had a negative net margin of 2.34% and a negative return on equity of 15.79%. Research analysts expect that Jack in the Box will post 5.33 earnings per share for the current year.

Insiders Place Their Bets

In other Jack in the Box news, SVP Sarah L. Super sold 1,688 shares of the company’s stock in a transaction dated 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last ninety days, insiders sold 2,190 shares of company stock valued at $92,961. Corporate insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On Jack in the Box

Institutional investors have recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale bought a new stake in Jack in the Box in the 3rd quarter worth about $41,000. Quadrant Capital Group LLC grew its position in Jack in the Box by 96.7% in the 4th quarter. Quadrant Capital Group LLC now owns 899 shares of the restaurant operator’s stock worth $37,000 after purchasing an additional 442 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in Jack in the Box in the 4th quarter worth about $40,000. GAMMA Investing LLC grew its position in Jack in the Box by 229.7% in the 4th quarter. GAMMA Investing LLC now owns 1,055 shares of the restaurant operator’s stock worth $44,000 after purchasing an additional 735 shares in the last quarter. Finally, KBC Group NV grew its position in shares of Jack in the Box by 99.5% during the 4th quarter. KBC Group NV now owns 1,235 shares of the restaurant operator’s stock valued at $51,000 after acquiring an additional 616 shares during the period. 99.79% of the stock is owned by 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.