UBS Group Lowers Jack in the Box (NASDAQ:JACK) Price Target to $44.00

Jack in the Box (NASDAQ:JACK) had its target price lowered by stock analysts at UBS Group from $50.00 to $44.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the restaurant operator’s stock. UBS Group’s price target would suggest a potential upside of 8.72% from the stock’s current price.

Several other brokerages also recently commented on JACK. Wedbush reduced their price target on shares of Jack in the Box from $60.00 to $50.00 and set an “outperform” rating for the company in a research report on Monday, November 18th. The Goldman Sachs Group reduced their target price on 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. TD Cowen reiterated a “hold” rating and set a $50.00 price target on shares of Jack in the Box in a report on Thursday, November 21st. Stifel Nicolaus reduced their price objective on Jack in the Box from $55.00 to $52.00 and set a “hold” rating for the company in a research note on Monday, December 9th. Finally, Oppenheimer lowered their target price on Jack in the Box from $60.00 to $52.00 and set an “outperform” rating on the stock in a research note on Tuesday. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $59.06.

Jack in the Box Price Performance

NASDAQ JACK opened at $40.47 on Tuesday. The company has a market capitalization of $762.09 million, a P/E ratio of -20.75, a PEG ratio of 1.49 and a beta of 1.94. Jack in the Box has a 12 month low of $38.12 and a 12 month high of $84.87. The company’s 50 day simple moving average is $45.74 and its 200 day simple moving average is $48.03.

Insider Activity at Jack in the Box

In related news, SVP Sarah L. Super sold 1,688 shares of the stock in a transaction dated Monday, December 23rd. The shares were 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 in the company, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 2,343 shares of company stock worth $100,601 in the last 90 days. 1.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Jack in the Box

Several large investors have recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale acquired a new position in shares of Jack in the Box in the third quarter valued at $41,000. GAMMA Investing LLC increased its holdings in Jack in the Box by 229.7% in the 4th quarter. GAMMA Investing LLC now owns 1,055 shares of the restaurant operator’s stock valued at $44,000 after buying an additional 735 shares during the period. Point72 Asia Singapore Pte. Ltd. lifted its holdings in shares of Jack in the Box by 172.3% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,140 shares of the restaurant operator’s stock worth $100,000 after acquiring an additional 1,354 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Jack in the Box during the 3rd quarter valued at about $185,000. Finally, MML Investors Services LLC increased its stake 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 valued at $226,000 after acquiring an additional 819 shares during the period. 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.