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

Jack in the Box (NASDAQ:JACK)‘s stock had its “outperform” rating reiterated by investment analysts at Oppenheimer in a report issued on Thursday,Benzinga reports. They presently have a $60.00 price objective on the restaurant operator’s stock. Oppenheimer’s target price points to a potential upside of 26.64% from the stock’s current price.

Several other analysts have also weighed in on the company. Guggenheim cut their price objective on Jack in the Box from $95.00 to $60.00 and set a “buy” rating for the company in a report on Wednesday. UBS Group lowered 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 research note on Friday, October 4th. The Goldman Sachs Group reduced their target price on shares of Jack in the Box from $55.00 to $47.00 and set a “sell” rating for the company in a report on Monday, October 21st. Royal Bank of Canada dropped their price target on Jack in the Box from $70.00 to $65.00 and set an “outperform” rating on the stock in a report on Thursday. Finally, Northcoast Research lowered Jack in the Box from a “buy” rating to a “neutral” rating in a research note on Thursday, November 14th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Jack in the Box currently has an average rating of “Hold” and a consensus target price of $62.59.

Jack in the Box Price Performance

JACK stock traded up $1.78 on Thursday, reaching $47.38. The company’s stock had a trading volume of 278,344 shares, compared to its average volume of 510,888. The firm has a fifty day moving average of $46.18 and a two-hundred day moving average of $50.28. The company has a market capitalization of $906.38 million, a P/E ratio of -23.60, a price-to-earnings-growth ratio of 1.06 and a beta of 1.93. Jack in the Box has a 52 week low of $40.84 and a 52 week high of $86.20.

Insider Activity

In related news, CFO Brian M. Scott sold 696 shares of the firm’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 value of $33,867.36. Following the completion of the transaction, the chief financial officer now owns 13,201 shares in the company, valued at $642,360.66. This trade represents a 5.01 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.60% of the company’s stock.

Institutional Trading of Jack in the Box

Several institutional investors have recently added to or reduced their stakes in JACK. UniSuper Management Pty Ltd acquired a new position in shares of Jack in the Box in the 1st quarter valued at about $425,000. CANADA LIFE ASSURANCE Co lifted its stake in 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 valued at $1,265,000 after buying an additional 790 shares during the period. EntryPoint Capital LLC grew its position in shares of Jack in the Box by 73.2% during the 1st quarter. EntryPoint Capital LLC now owns 866 shares of the restaurant operator’s stock worth $59,000 after buying an additional 366 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of Jack in the Box by 4.2% in 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 acquiring an additional 644 shares in the last quarter. Finally, Manning & Napier Advisors LLC bought a new position in Jack in the Box during the second quarter worth $3,311,000. 99.79% of the stock is currently 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.