Jack in the Box (NASDAQ:JACK) Price Target Lowered to $57.00 at Truist Financial

Jack in the Box (NASDAQ:JACK) had its target price dropped by Truist Financial from $70.00 to $57.00 in a research report issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the restaurant operator’s stock. Truist Financial’s price objective indicates a potential upside of 20.00% from the stock’s previous close.

Other analysts have also issued research reports about the company. Royal Bank of Canada cut their price objective on Jack in the Box from $70.00 to $65.00 and set an “outperform” rating for the company in a report on Thursday. Piper Sandler reduced 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. Guggenheim lowered their price objective on shares of Jack in the Box from $95.00 to $60.00 and set a “buy” rating on the stock in a research note on Wednesday. Loop Capital cut 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 research report on Monday, October 14th. Finally, Wedbush decreased their price target on shares of 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 analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $60.38.

Jack in the Box Stock Down 0.6 %

Shares of Jack in the Box stock opened at $47.50 on Friday. 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 cap of $908.49 million, a price-to-earnings ratio of -24.36, a price-to-earnings-growth ratio of 1.49 and a beta of 1.93. The company’s 50 day moving average is $46.34 and its 200 day moving average is $50.18.

Insider Buying and Selling

In other news, CFO Brian M. Scott sold 696 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $48.66, for a total value of $33,867.36. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.60% of the stock is currently owned by company insiders.

Institutional Trading of Jack in the Box

A number of institutional investors and hedge funds have recently bought and sold shares of JACK. Barclays PLC boosted its holdings in shares of Jack in the Box by 70.9% during the 3rd quarter. Barclays PLC now owns 216,117 shares of the restaurant operator’s stock valued at $10,060,000 after purchasing an additional 89,649 shares during the last quarter. MML Investors Services LLC lifted its position in shares of 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 worth $226,000 after buying an additional 819 shares in the last quarter. XTX Topco Ltd bought a new position in Jack in the Box during the third quarter valued at approximately $429,000. EP Wealth Advisors LLC bought a new position in Jack in the Box during the third quarter valued at approximately $372,000. Finally, Stifel Financial Corp grew its holdings in Jack in the Box by 111.6% during the 3rd quarter. Stifel Financial Corp now owns 81,691 shares of the restaurant operator’s stock valued at $3,802,000 after buying an additional 43,086 shares in the last quarter. 99.79% of the stock is currently owned by institutional investors.

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.