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

Jack in the Box (NASDAQ:JACK) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Monday.

JACK has been the topic of a number of other research reports. UBS Group dropped their price objective on Jack in the Box from $55.00 to $50.00 and set a “neutral” rating on the stock in a research note on Friday, October 4th. Piper Sandler dropped their price target on shares of Jack in the Box from $56.00 to $53.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. Stifel Nicolaus reduced their price objective on shares of Jack in the Box from $55.00 to $52.00 and set a “hold” rating for the company in a research report on Monday, December 9th. Loop Capital lowered their price objective on shares of Jack in the Box from $87.00 to $70.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Finally, Royal Bank of Canada cut their target price on shares of Jack in the Box from $70.00 to $65.00 and set an “outperform” rating for the company in a research note on Thursday, November 21st. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $59.88.

Jack in the Box Trading Down 0.2 %

NASDAQ:JACK traded down $0.08 during midday trading on Monday, hitting $42.30. 441,473 shares of the stock were exchanged, compared to its average volume of 524,116. The company has a market capitalization of $796.55 million, a price-to-earnings ratio of -21.69, a P/E/G ratio of 1.49 and a beta of 1.92. Jack in the Box has a one year low of $38.12 and a one year high of $86.20. The business has a 50-day moving average price of $46.40 and a two-hundred day moving average price of $48.51.

Insider Activity at Jack in the Box

In other Jack in the Box news, SVP Sarah L. Super sold 1,688 shares of Jack in the Box 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 sale, the senior vice president now owns 16,815 shares of the company’s stock, valued at $681,343.80. This trade represents a 9.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Over the last ninety days, insiders have sold 2,343 shares of company stock valued at $100,601. Company insiders own 1.60% of the company’s stock.

Institutional Trading of Jack in the Box

A number of institutional investors have recently bought and sold shares of JACK. Aigen Investment Management LP lifted its holdings in shares of Jack in the Box by 238.5% during the 3rd quarter. Aigen Investment Management LP now owns 21,869 shares of the restaurant operator’s stock valued at $1,018,000 after buying an additional 15,409 shares during the last quarter. Barclays PLC grew its position in Jack in the Box by 70.9% in the third quarter. Barclays PLC now owns 216,117 shares of the restaurant operator’s stock worth $10,060,000 after acquiring an additional 89,649 shares in the last quarter. Biglari Sardar raised its holdings in shares of Jack in the Box by 14.2% during the 3rd quarter. Biglari Sardar now owns 96,717 shares of the restaurant operator’s stock valued at $4,501,000 after purchasing an additional 12,000 shares in the last quarter. Access Investment Management LLC acquired a new stake in shares of Jack in the Box in the 3rd quarter valued at $1,475,000. Finally, Bank of New York Mellon Corp boosted its holdings in Jack in the Box by 8.3% in the second quarter. Bank of New York Mellon Corp now owns 245,491 shares of the restaurant operator’s stock worth $12,505,000 after purchasing an additional 18,874 shares in the last quarter. 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.