Jack in the Box (NASDAQ:JACK) Price Target Lowered to $52.00 at Oppenheimer

Jack in the Box (NASDAQ:JACK) had its price objective cut by Oppenheimer from $60.00 to $52.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the restaurant operator’s stock. Oppenheimer’s price target suggests a potential upside of 36.38% from the stock’s previous close.

Several other analysts have also issued reports on the stock. Piper Sandler cut their price target on shares of Jack in the Box from $56.00 to $53.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. The Goldman Sachs Group reduced their price target on Jack in the Box from $55.00 to $47.00 and set a “sell” rating on the stock in a research report on Monday, October 21st. Royal Bank of Canada decreased their price target on Jack in the Box from $70.00 to $65.00 and set an “outperform” rating on the stock in a research note on Thursday, November 21st. StockNews.com raised Jack in the Box from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Jack in the Box from $51.00 to $46.00 and set a “hold” rating on the stock in a research note on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $59.06.

Jack in the Box Stock Performance

Shares of Jack in the Box stock opened at $38.13 on Tuesday. Jack in the Box has a 52-week low of $37.01 and a 52-week high of $83.75. The company has a fifty day moving average of $45.27 and a 200-day moving average of $47.88. The stock has a market capitalization of $718.03 million, a price-to-earnings ratio of -19.55, a price-to-earnings-growth ratio of 1.49 and a beta of 1.94.

Insider Buying and Selling

In other news, SVP Sarah L. Super sold 1,688 shares of Jack in the Box stock in a transaction that occurred 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 trade represents a 9.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 2,343 shares of company stock valued at $100,601 over the last quarter. Corporate insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company grew its stake in shares of Jack in the Box by 3.8% in the second quarter. The Manufacturers Life Insurance Company now owns 9,733 shares of the restaurant operator’s stock worth $496,000 after acquiring an additional 358 shares during the last quarter. GAMMA Investing LLC grew its position in 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 valued at $44,000 after purchasing an additional 735 shares during the last quarter. MML Investors Services LLC increased its stake in Jack in the Box by 20.3% during the 3rd quarter. MML Investors Services LLC now owns 4,852 shares of the restaurant operator’s stock valued at $226,000 after purchasing an additional 819 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new position in Jack in the Box in the third quarter worth about $41,000. Finally, Point72 Asia Singapore Pte. Ltd. lifted its stake in shares of Jack in the Box by 172.3% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,140 shares of the restaurant operator’s stock worth $100,000 after buying an additional 1,354 shares in the last quarter. Hedge funds and other institutional investors 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.