Jack in the Box (NASDAQ:JACK) Lowered to Sell Rating by StockNews.com

Jack in the Box (NASDAQ:JACK) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Wednesday.

A number of other equities analysts also recently commented on the stock. Barclays raised their price objective on shares of Jack in the Box from $46.00 to $50.00 and gave the stock an “equal weight” rating in a report on Thursday, November 21st. Loop Capital cut their price target on shares of 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. UBS Group lowered their price objective on Jack in the Box from $50.00 to $44.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 7th. Guggenheim dropped their target price on Jack in the Box from $95.00 to $60.00 and set a “buy” rating for the company in a report on Wednesday, November 20th. Finally, Bank of America boosted their price target on Jack in the Box from $72.00 to $73.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Two investment analysts have 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. Based on data from MarketBeat.com, Jack in the Box presently has a consensus rating of “Hold” and an average target price of $58.35.

Jack in the Box Price Performance

Shares of NASDAQ JACK traded up $0.43 during trading hours on Wednesday, reaching $39.58. The stock had a trading volume of 535,794 shares, compared to its average volume of 626,522. The company has a market cap of $745.33 million, a price-to-earnings ratio of -20.30, a PEG ratio of 1.49 and a beta of 1.94. Jack in the Box has a twelve month low of $36.36 and a twelve month high of $81.01. The business’s fifty day moving average is $44.30 and its two-hundred day moving average is $47.50.

Insider Buying and Selling

In other news, SVP Sarah L. Super sold 1,688 shares of Jack in the Box stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $40.52, for a total value of $68,397.76. Following the completion of the sale, the senior vice president now directly owns 16,815 shares of the company’s stock, valued at approximately $681,343.80. This trade represents a 9.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 2,343 shares of company stock worth $100,601 in the last quarter. Insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Jack in the Box

Several large investors have recently made changes to their positions in the company. Aigen Investment Management LP increased its position in Jack in the Box by 238.5% in the third quarter. Aigen Investment Management LP now owns 21,869 shares of the restaurant operator’s stock worth $1,018,000 after purchasing an additional 15,409 shares during the period. Barclays PLC boosted its stake in shares of Jack in the Box by 70.9% in 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. Biglari Sardar grew its position in shares of Jack in the Box by 14.2% during the 3rd quarter. Biglari Sardar now owns 96,717 shares of the restaurant operator’s stock worth $4,501,000 after buying an additional 12,000 shares during the period. Access Investment Management LLC bought a new stake in shares of Jack in the Box during the third quarter worth approximately $1,475,000. Finally, Stifel Financial Corp raised its stake in shares of Jack in the Box by 111.6% during the third quarter. Stifel Financial Corp now owns 81,691 shares of the restaurant operator’s stock worth $3,802,000 after buying an additional 43,086 shares during the last quarter. Institutional investors and hedge funds own 99.79% of the company’s stock.

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.