Jack in the Box (NASDAQ:JACK) Rating Increased 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 Thursday.

A number of other research analysts have also weighed in on the company. Bank of America raised their price objective on Jack in the Box from $72.00 to $73.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Oppenheimer reissued an “outperform” rating and issued a $60.00 price objective on shares of Jack in the Box in a research note on Thursday. Northcoast Research downgraded shares of Jack in the Box from a “buy” rating to a “neutral” rating in a research note on Thursday, November 14th. UBS Group cut their price objective on shares of Jack in the Box from $55.00 to $50.00 and set a “neutral” rating on the stock in a report on Friday, October 4th. Finally, TD Cowen reaffirmed a “hold” rating and issued a $50.00 price target on shares of Jack in the Box in a report on Thursday. One equities research 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, Jack in the Box presently has an average rating of “Hold” and a consensus price target of $62.00.

Jack in the Box Stock Performance

JACK traded up $2.16 during trading on Thursday, reaching $47.76. The stock had a trading volume of 991,255 shares, compared to its average volume of 515,521. The stock has a market cap of $913.55 million, a PE ratio of -24.00, a PEG ratio of 1.06 and a beta of 1.93. Jack in the Box has a one year low of $40.84 and a one year high of $86.20. The business has a 50-day moving average of $46.28 and a 200-day moving average of $50.27.

Insider Activity

In other news, CFO Brian M. Scott sold 696 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $48.66, for a total value of $33,867.36. Following the completion of the transaction, the chief financial officer now owns 13,201 shares of the company’s stock, valued at $642,360.66. The trade was a 5.01 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Jack in the Box

Institutional investors and hedge funds have recently modified their holdings of the company. Barclays PLC grew its position in shares of 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 purchasing an additional 89,649 shares in the last quarter. MML Investors Services LLC boosted its position in shares of 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 worth $226,000 after acquiring an additional 819 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Jack in the Box during the 3rd quarter worth approximately $429,000. EP Wealth Advisors LLC bought a new position in Jack in the Box in the 3rd quarter valued at approximately $372,000. Finally, Stifel Financial Corp lifted its stake in Jack in the Box by 111.6% in the 3rd quarter. Stifel Financial Corp now owns 81,691 shares of the restaurant operator’s stock valued at $3,802,000 after purchasing an additional 43,086 shares during the last quarter. 99.79% of the stock is 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.