Jack in the Box (NASDAQ:JACK) Cut to “Neutral” at Northcoast Research

Jack in the Box (NASDAQ:JACK) was downgraded by research analysts at Northcoast Research from a “buy” rating to a “neutral” rating in a research note issued to investors on Thursday, MarketBeat.com reports.

Other research analysts also recently issued research reports about the company. Loop Capital decreased their price objective on Jack in the Box from $87.00 to $70.00 and set a “buy” rating on the stock in a report on Monday, October 14th. StockNews.com downgraded Jack in the Box from a “hold” rating to a “sell” rating in a report on Wednesday, August 7th. Barclays decreased their price objective on Jack in the Box from $57.00 to $46.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 22nd. UBS Group decreased their price objective on Jack in the Box from $55.00 to $50.00 and set a “neutral” rating on the stock in a report on Friday, October 4th. Finally, Oppenheimer decreased their price objective on Jack in the Box from $75.00 to $70.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $63.44.

Jack in the Box Stock Down 3.6 %

NASDAQ JACK opened at $44.76 on Thursday. The stock’s 50-day simple moving average is $46.00 and its two-hundred day simple moving average is $50.52. Jack in the Box has a twelve month low of $40.84 and a twelve month high of $86.20. The company has a market capitalization of $856.08 million, a price-to-earnings ratio of -22.49, a PEG ratio of 0.70 and a beta of 1.93.

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 transaction of $33,867.36. Following the sale, the chief financial officer now directly 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.60% of the company’s stock.

Institutional Trading of Jack in the Box

Hedge funds have recently made changes to their positions in the stock. EntryPoint Capital LLC boosted its position in shares of Jack in the Box by 73.2% in the 1st quarter. EntryPoint Capital LLC now owns 866 shares of the restaurant operator’s stock worth $59,000 after purchasing an additional 366 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new position in Jack in the Box in the 3rd quarter worth approximately $41,000. Headlands Technologies LLC purchased a new position in Jack in the Box in the 1st quarter worth approximately $97,000. Point72 Asia Singapore Pte. Ltd. raised its holdings in 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 acquiring an additional 1,354 shares during the last quarter. Finally, MQS Management LLC purchased a new position in Jack in the Box in the 1st quarter worth approximately $260,000. 99.79% of the stock is owned by institutional investors.

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.