Stifel Nicolaus Issues Pessimistic Forecast for Jack in the Box (NASDAQ:JACK) Stock Price

Jack in the Box (NASDAQ:JACK) had its price objective reduced by research analysts at Stifel Nicolaus from $52.00 to $40.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a “hold” rating on the restaurant operator’s stock. Stifel Nicolaus’ price target points to a potential upside of 7.53% from the stock’s previous close.

Several other analysts have also recently weighed in on the stock. StockNews.com upgraded shares of Jack in the Box from a “sell” rating to a “hold” rating in a research report on Tuesday, January 7th. Northcoast Research downgraded Jack in the Box from a “buy” rating to a “neutral” rating in a research report on Thursday, November 14th. Wedbush dropped their price target on Jack in the Box from $60.00 to $50.00 and set an “outperform” rating for the company in a research note on Monday, November 18th. Loop Capital reduced their price objective on Jack in the Box from $87.00 to $70.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Finally, Truist Financial dropped their target price on Jack in the Box from $70.00 to $57.00 and set a “buy” rating for the company in a research report on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $58.35.

Jack in the Box Trading Down 2.4 %

JACK stock opened at $37.20 on Friday. The company’s 50 day moving average is $44.78 and its 200 day moving average is $47.70. The stock has a market cap of $700.51 million, a price-to-earnings ratio of -19.08, a price-to-earnings-growth ratio of 1.49 and a beta of 1.94. Jack in the Box has a 1-year low of $36.71 and a 1-year high of $81.01.

Insider Buying and Selling

In other Jack in the Box news, SVP Sarah L. Super sold 1,688 shares of the stock in a transaction that occurred 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 owns 16,815 shares in the company, 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 SEC, which can be accessed through the SEC website. Insiders have sold 2,343 shares of company stock valued at $100,601 over the last ninety days. 1.60% of the stock is owned by insiders.

Hedge Funds Weigh In On Jack in the Box

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company boosted its holdings in 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 valued at $496,000 after acquiring an additional 358 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Jack in the Box by 229.7% in the 4th quarter. GAMMA Investing LLC now owns 1,055 shares of the restaurant operator’s stock worth $44,000 after purchasing an additional 735 shares during the period. MML Investors Services LLC boosted its stake in shares of 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 shares of Jack in the Box during the third quarter valued at about $41,000. Finally, Point72 Asia Singapore Pte. Ltd. raised its stake in 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. 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.