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

Jack in the Box (NASDAQ:JACK)‘s stock had its “hold” rating reiterated by equities research analysts at TD Cowen in a report issued on Thursday,Benzinga reports. They presently have a $50.00 price target on the restaurant operator’s stock. TD Cowen’s price objective points to a potential upside of 9.65% from the company’s previous close.

Several other equities analysts have also recently issued reports on JACK. 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. Northcoast Research cut Jack in the Box from a “buy” rating to a “neutral” rating in a report on Thursday, November 14th. Loop Capital reduced their price objective on Jack in the Box from $87.00 to $70.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Oppenheimer cut their target price on Jack in the Box from $70.00 to $60.00 and set an “outperform” rating on the stock in a research report on Friday, November 15th. Finally, UBS Group decreased their price target on Jack in the Box from $55.00 to $50.00 and set a “neutral” rating for the company in a research report on Friday, October 4th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Jack in the Box presently has an average rating of “Hold” and an average target price of $62.65.

Jack in the Box Stock Down 0.9 %

Shares of JACK stock opened at $45.60 on Thursday. The stock has a 50-day simple moving average of $46.18 and a 200 day simple moving average of $50.28. Jack in the Box has a fifty-two week low of $40.84 and a fifty-two week high of $86.20. The stock has a market capitalization of $872.33 million, a P/E ratio of -22.91, a P/E/G ratio of 1.06 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 shares were sold at an average price of $48.66, for a total value of $33,867.36. Following the completion of the sale, the chief financial officer now directly owns 13,201 shares in the company, valued at $642,360.66. The trade was a 5.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of JACK. Allspring Global Investments Holdings LLC boosted its holdings in Jack in the Box by 13.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 712,416 shares of the restaurant operator’s stock worth $33,156,000 after purchasing an additional 85,461 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Jack in the Box by 261.5% in the second quarter. Victory Capital Management Inc. now owns 557,667 shares of the restaurant operator’s stock worth $28,408,000 after buying an additional 403,423 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Jack in the Box by 2.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 388,510 shares of the restaurant operator’s stock worth $18,081,000 after buying an additional 8,038 shares during the last quarter. Clearline Capital LP boosted its stake in shares of Jack in the Box by 4.1% during the 3rd quarter. Clearline Capital LP now owns 260,730 shares of the restaurant operator’s stock worth $12,134,000 after acquiring an additional 10,304 shares in the last quarter. Finally, Invenomic Capital Management LP bought a new position in shares of Jack in the Box in the 3rd quarter valued at approximately $11,802,000. Institutional investors and hedge funds 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.