Jack in the Box (NASDAQ:JACK) Earns Hold Rating from TD Cowen

Jack in the Box (NASDAQ:JACK)‘s stock had its “hold” rating reissued by equities research analysts at TD Cowen in a report issued on Thursday,Benzinga reports. They currently have a $50.00 price objective on the restaurant operator’s stock. TD Cowen’s price target would indicate a potential upside of 5.26% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on JACK. Bank of America boosted their target price on Jack in the Box from $72.00 to $73.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Loop Capital lowered their target price on shares of 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. Barclays cut their price target on shares of Jack in the Box from $57.00 to $46.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 22nd. Northcoast Research downgraded shares of Jack in the Box from a “buy” rating to a “neutral” rating in a research note on Thursday, November 14th. Finally, Wedbush cut 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. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Jack in the Box currently has an average rating of “Hold” and a consensus target price of $60.38.

Jack in the Box Price Performance

Jack in the Box stock opened at $47.50 on Thursday. The stock’s fifty day moving average is $46.34 and its two-hundred day moving average is $50.21. The stock has a market cap of $908.68 million, a PE ratio of -23.87, a P/E/G ratio of 1.06 and a beta of 1.93. Jack in the Box has a 1-year low of $40.84 and a 1-year high of $86.20.

Insider Buying and Selling at Jack in the Box

In other Jack in the Box news, CFO Brian M. Scott sold 696 shares of Jack in the Box stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $48.66, for a total value of $33,867.36. Following the sale, the chief financial officer now owns 13,201 shares of the company’s stock, valued at approximately $642,360.66. The trade was a 5.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Jack in the Box

Several hedge funds have recently modified their holdings of the business. Victory Capital Management Inc. increased its holdings in shares of Jack in the Box by 261.5% in the 2nd quarter. Victory Capital Management Inc. now owns 557,667 shares of the restaurant operator’s stock valued at $28,408,000 after purchasing an additional 403,423 shares in the last quarter. Invenomic Capital Management LP purchased a new position in Jack in the Box in the third quarter valued at about $11,802,000. Clearline Capital LP lifted its position in shares of Jack in the Box by 136.7% during the 2nd quarter. Clearline Capital LP now owns 250,426 shares of the restaurant operator’s stock valued at $12,757,000 after acquiring an additional 144,631 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of Jack in the Box by 26.2% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 626,955 shares of the restaurant operator’s stock worth $31,937,000 after acquiring an additional 130,214 shares in the last quarter. Finally, Squarepoint Ops LLC grew its holdings in shares of Jack in the Box by 296.5% in the 2nd quarter. Squarepoint Ops LLC now owns 135,146 shares of the restaurant operator’s stock worth $6,884,000 after acquiring an additional 101,064 shares during the period. 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.