Jack in the Box (NASDAQ:JACK) Upgraded to “Hold” at StockNews.com

Jack in the Box (NASDAQ:JACK) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Friday.

Other research analysts have also issued research reports about the stock. Truist Financial decreased their price target on shares of Jack in the Box from $70.00 to $57.00 and set a “buy” rating on the stock in a research note on Friday, November 22nd. Wedbush decreased their target price on Jack in the Box from $60.00 to $50.00 and set an “outperform” rating on the stock in a research report on Monday, November 18th. 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. Piper Sandler decreased their price objective on Jack in the Box from $56.00 to $53.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. Finally, UBS Group dropped their target price on Jack in the Box from $55.00 to $50.00 and set a “neutral” rating for the company in a report on Friday, October 4th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $60.38.

Jack in the Box Price Performance

JACK stock traded up $1.98 during midday trading on Friday, reaching $48.85. 338,325 shares of the company were exchanged, compared to its average volume of 518,255. The firm has a market capitalization of $919.85 million, a price-to-earnings ratio of -25.05, a price-to-earnings-growth ratio of 1.54 and a beta of 1.93. The business has a 50-day moving average price of $46.59 and a two-hundred day moving average price of $50.02. Jack in the Box has a one year low of $40.84 and a one year high of $86.20.

Institutional Trading of Jack in the Box

A number of hedge funds have recently made changes to their positions in the company. DekaBank Deutsche Girozentrale bought a new stake in shares of Jack in the Box in the third quarter worth $41,000. Point72 Asia Singapore Pte. Ltd. lifted its position in shares of Jack in the Box by 172.3% in the 3rd 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 during the period. SG Americas Securities LLC acquired a new position in shares of Jack in the Box in the 3rd quarter valued at about $185,000. MML Investors Services LLC boosted its holdings in 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 worth $226,000 after acquiring an additional 819 shares in the last quarter. Finally, Selway Asset Management bought a new stake in Jack in the Box during the third quarter worth $228,000. 99.79% of the stock is owned by institutional investors and hedge funds.

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.