Oppenheimer Reaffirms Outperform Rating for Jack in the Box (NASDAQ:JACK)

Jack in the Box (NASDAQ:JACK)‘s stock had its “outperform” rating reissued by Oppenheimer in a research note issued on Thursday,Benzinga reports. They presently have a $60.00 price objective on the restaurant operator’s stock. Oppenheimer’s price target suggests a potential upside of 26.32% from the company’s current price.

JACK has been the topic of a number of other research reports. Guggenheim decreased their price objective on Jack in the Box from $95.00 to $60.00 and set a “buy” rating on the stock in a research note on Wednesday. Piper Sandler lowered 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. Royal Bank of Canada reduced their price objective on shares of Jack in the Box from $70.00 to $65.00 and set an “outperform” rating on the stock in a research note on Thursday. Truist Financial lowered their target price on shares of Jack in the Box from $83.00 to $70.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Finally, UBS Group decreased their price objective on 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. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $60.38.

Jack in the Box Price Performance

Shares of NASDAQ JACK opened at $47.50 on Thursday. Jack in the Box has a 12-month low of $40.84 and a 12-month high of $86.20. The company has a market capitalization of $908.68 million, a PE ratio of -23.87, a price-to-earnings-growth ratio of 1.06 and a beta of 1.93. The firm’s 50-day moving average is $46.34 and its two-hundred day moving average is $50.21.

Insider Activity at Jack in the Box

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

Hedge Funds Weigh In On Jack in the Box

Hedge funds and other institutional investors have recently made changes to their positions in the business. UniSuper Management Pty Ltd acquired a new stake in Jack in the Box in the 1st quarter valued at $425,000. CANADA LIFE ASSURANCE Co boosted its position in shares of Jack in the Box by 4.5% in the first quarter. CANADA LIFE ASSURANCE Co now owns 18,486 shares of the restaurant operator’s stock worth $1,265,000 after buying an additional 790 shares during the period. EntryPoint Capital LLC grew its stake in shares of Jack in the Box by 73.2% in the first quarter. EntryPoint Capital LLC now owns 866 shares of the restaurant operator’s stock valued at $59,000 after buying an additional 366 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Jack in the Box by 4.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 15,914 shares of the restaurant operator’s stock valued at $1,090,000 after buying an additional 644 shares during the period. Finally, Manning & Napier Advisors LLC acquired a new position in Jack in the Box during the 2nd quarter worth approximately $3,311,000. Institutional investors and hedge funds 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.