Guggenheim Reaffirms “Buy” Rating for Jack in the Box (NASDAQ:JACK)

Jack in the Box (NASDAQ:JACK)‘s stock had its “buy” rating reaffirmed by analysts at Guggenheim in a research note issued to investors on Thursday,Benzinga reports. They currently have a $55.00 price objective on the restaurant operator’s stock. Guggenheim’s target price would indicate a potential upside of 39.95% from the company’s previous close.

JACK has been the subject of several other reports. Northcoast Research cut shares of Jack in the Box from a “buy” rating to a “neutral” rating in a research report on Thursday, November 14th. Royal Bank of Canada decreased their price objective on shares of Jack in the Box from $55.00 to $45.00 and set an “outperform” rating for the company in a research report on Wednesday. Oppenheimer decreased their price objective on shares of Jack in the Box from $60.00 to $52.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. Truist Financial decreased their price objective on shares of Jack in the Box from $57.00 to $51.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, UBS Group decreased their price objective on shares of Jack in the Box from $50.00 to $44.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $49.56.

Jack in the Box Stock Up 3.6 %

NASDAQ JACK traded up $1.36 on Thursday, hitting $39.30. The company’s stock had a trading volume of 221,733 shares, compared to its average volume of 647,392. Jack in the Box has a 1-year low of $32.69 and a 1-year high of $76.56. The company’s 50-day moving average is $39.55 and its 200 day moving average is $44.56. The firm has a market cap of $741.04 million, a PE ratio of -20.25, a PEG ratio of 1.29 and a beta of 1.94.

Jack in the Box (NASDAQ:JACK) last announced its quarterly earnings results on Tuesday, February 25th. The restaurant operator reported $1.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $0.21. Jack in the Box had a negative net margin of 2.34% and a negative return on equity of 15.79%. The firm had revenue of $469.44 million during the quarter, compared to analysts’ expectations of $470.47 million. On average, equities analysts expect that Jack in the Box will post 5.33 EPS for the current year.

Insider Buying and Selling at Jack in the Box

In other Jack in the Box news, SVP Sarah L. Super sold 1,688 shares of the firm’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $40.52, for a total value of $68,397.76. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last three months, insiders have sold 2,190 shares of company stock valued at $92,961. Corporate insiders own 1.40% of the company’s stock.

Institutional Trading of Jack in the Box

Several institutional investors and hedge funds have recently made changes to their positions in JACK. Quadrant Capital Group LLC raised its holdings in shares of Jack in the Box by 96.7% in the fourth quarter. Quadrant Capital Group LLC now owns 899 shares of the restaurant operator’s stock valued at $37,000 after purchasing an additional 442 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Jack in the Box in the fourth quarter valued at about $40,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of Jack in the Box in the third quarter valued at about $41,000. GAMMA Investing LLC raised its holdings in shares of Jack in the Box by 229.7% in the fourth quarter. GAMMA Investing LLC now owns 1,055 shares of the restaurant operator’s stock valued at $44,000 after purchasing an additional 735 shares during the last quarter. Finally, KBC Group NV raised its holdings in shares of Jack in the Box by 99.5% in the fourth quarter. KBC Group NV now owns 1,235 shares of the restaurant operator’s stock valued at $51,000 after purchasing an additional 616 shares during the last quarter. Hedge funds and other institutional investors 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.