Jack in the Box Inc. (NASDAQ:JACK) Short Interest Update

Jack in the Box Inc. (NASDAQ:JACK) saw a significant growth in short interest in January. As of January 31st, there was short interest totalling 2,890,000 shares, a growth of 11.6% from the January 15th total of 2,590,000 shares. Approximately 16.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 609,200 shares, the short-interest ratio is presently 4.7 days.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on JACK shares. Wedbush decreased their price objective on Jack in the Box from $60.00 to $50.00 and set an “outperform” rating for the company in a report on Monday, November 18th. Northcoast Research downgraded Jack in the Box from a “buy” rating to a “neutral” rating in a report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft decreased their price objective on Jack in the Box from $51.00 to $46.00 and set a “hold” rating for the company in a report on Thursday, November 21st. Truist Financial decreased their price objective on Jack in the Box from $70.00 to $57.00 and set a “buy” rating for the company in a report on Friday, November 22nd. Finally, StockNews.com downgraded Jack in the Box from a “hold” rating to a “sell” rating in a report on Wednesday, January 15th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $54.50.

Insider Transactions at Jack in the Box

In other news, SVP Sarah L. Super sold 1,688 shares of the company’s 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 transaction, the senior vice president now directly owns 16,815 shares in the company, valued at approximately $681,343.80. This represents a 9.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last ninety days, insiders sold 2,190 shares of company stock worth $92,961. Corporate insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On Jack in the Box

Institutional investors and hedge funds have recently made changes to their positions in the stock. DekaBank Deutsche Girozentrale bought a new position in shares of Jack in the Box during the 3rd quarter worth about $41,000. Quadrant Capital Group LLC boosted its position in shares of Jack in the Box by 96.7% during the 4th quarter. Quadrant Capital Group LLC now owns 899 shares of the restaurant operator’s stock worth $37,000 after purchasing an additional 442 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Jack in the Box by 229.7% during the 4th quarter. GAMMA Investing LLC now owns 1,055 shares of the restaurant operator’s stock worth $44,000 after purchasing an additional 735 shares in the last quarter. KBC Group NV lifted its position in Jack in the Box by 99.5% in the 4th quarter. KBC Group NV now owns 1,235 shares of the restaurant operator’s stock valued at $51,000 after acquiring an additional 616 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in Jack in the Box by 168.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,558 shares of the restaurant operator’s stock valued at $65,000 after acquiring an additional 978 shares in the last quarter. Institutional investors own 99.79% of the company’s stock.

Jack in the Box Price Performance

Shares of JACK stock traded down $0.72 on Monday, reaching $39.18. 536,546 shares of the company were exchanged, compared to its average volume of 497,542. The company has a market cap of $738.93 million, a price-to-earnings ratio of -20.09, a PEG ratio of 1.40 and a beta of 1.94. The company has a 50-day moving average of $40.76 and a 200-day moving average of $45.37. Jack in the Box has a one year low of $36.36 and a one year high of $77.50.

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.