Jack in the Box (NASDAQ:JACK) Upgraded 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 Tuesday.

A number of other brokerages also recently commented on JACK. Royal Bank of Canada dropped 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 report on Thursday, November 21st. Barclays lifted their price target on Jack in the Box from $46.00 to $50.00 and gave the stock an “equal weight” rating in a report on Thursday, November 21st. Oppenheimer reissued an “outperform” rating and set a $60.00 target price on shares of Jack in the Box in a research report on Thursday, November 21st. Loop Capital lowered their price target on Jack in the Box from $87.00 to $70.00 and set a “buy” rating for the company in a report on Monday, October 14th. Finally, Northcoast Research cut shares of Jack in the Box from a “buy” rating to a “neutral” rating in a report on Thursday, November 14th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $59.06.

Jack in the Box Stock Performance

Shares of Jack in the Box stock opened at $38.13 on Tuesday. The business has a 50-day simple moving average of $45.27 and a 200-day simple moving average of $47.88. The company has a market cap of $718.03 million, a PE ratio of -19.55, a P/E/G ratio of 1.49 and a beta of 1.94. Jack in the Box has a one year low of $37.01 and a one year high of $83.75.

Insider Buying and Selling

In other Jack in the Box news, SVP Sarah L. Super sold 1,688 shares of the firm’s stock in a transaction on Monday, December 23rd. The stock was 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 owns 16,815 shares of the company’s stock, valued at approximately $681,343.80. This trade represents a 9.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 2,343 shares of company stock valued at $100,601 over the last three months. 1.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in JACK. DekaBank Deutsche Girozentrale purchased a new stake in shares of Jack in the Box during the 3rd quarter worth approximately $41,000. GAMMA Investing LLC raised its holdings in Jack in the Box by 229.7% during the fourth quarter. GAMMA Investing LLC now owns 1,055 shares of the restaurant operator’s stock worth $44,000 after purchasing an additional 735 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its position in Jack in the Box by 172.3% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,140 shares of the restaurant operator’s stock worth $100,000 after purchasing an additional 1,354 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Jack in the Box in the third quarter valued at $185,000. Finally, MML Investors Services LLC increased its position in shares of Jack in the Box by 20.3% in the third quarter. MML Investors Services LLC now owns 4,852 shares of the restaurant operator’s stock valued at $226,000 after buying an additional 819 shares in the last quarter. 99.79% of the stock is currently owned by institutional investors and hedge funds.

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.