Jack in the Box (NASDAQ:JACK) Price Target Lowered to $72.00 at Wedbush

Jack in the Box (NASDAQ:JACK) had its target price cut by Wedbush from $95.00 to $72.00 in a report released on Friday, Benzinga reports. They currently have a neutral rating on the restaurant operator’s stock.

JACK has been the subject of several other reports. StockNews.com initiated coverage on shares of Jack in the Box in a research report on Thursday, October 5th. They issued a hold rating for the company. Royal Bank of Canada reissued an outperform rating and issued a $110.00 target price on shares of Jack in the Box in a research report on Thursday, August 10th. Barclays decreased their price objective on shares of Jack in the Box from $90.00 to $70.00 and set an equal weight rating for the company in a report on Monday, October 23rd. Loop Capital upped their price objective on shares of Jack in the Box from $125.00 to $133.00 in a report on Thursday, August 10th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Jack in the Box in a report on Thursday, October 19th. They set a hold rating and a $71.00 price objective for the company. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of Hold and a consensus price target of $91.00.

Jack in the Box Stock Performance

Shares of JACK opened at $68.44 on Friday. The company’s 50 day moving average price is $66.99 and its 200 day moving average price is $82.12. Jack in the Box has a 52 week low of $60.43 and a 52 week high of $99.56. The company has a market capitalization of $1.38 billion, a PE ratio of 9.26, a PEG ratio of 0.84 and a beta of 1.74.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in JACK. BlackRock Inc. raised its holdings in Jack in the Box by 36.3% in the 1st quarter. BlackRock Inc. now owns 3,284,343 shares of the restaurant operator’s stock valued at $306,789,000 after buying an additional 874,419 shares during the last quarter. Vanguard Group Inc. raised its holdings in Jack in the Box by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 2,337,186 shares of the restaurant operator’s stock valued at $173,116,000 after buying an additional 10,379 shares during the last quarter. Capital World Investors raised its holdings in Jack in the Box by 13.7% in the 2nd quarter. Capital World Investors now owns 1,428,885 shares of the restaurant operator’s stock valued at $139,359,000 after buying an additional 172,185 shares during the last quarter. Biglari Capital CORP. raised its holdings in Jack in the Box by 8.2% in the 1st quarter. Biglari Capital CORP. now owns 1,073,883 shares of the restaurant operator’s stock valued at $94,061,000 after buying an additional 81,139 shares during the last quarter. Finally, State Street Corp raised its holdings in Jack in the Box by 1.0% in the 3rd quarter. State Street Corp now owns 738,907 shares of the restaurant operator’s stock valued at $54,731,000 after buying an additional 6,960 shares during the last quarter. Institutional investors own 99.79% of the company’s stock.

About Jack in the Box

Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants. The company was founded in 1951 and is headquartered in San Diego, California.