Jack in the Box (NASDAQ:JACK) Price Target Cut to $40.00 by Analysts at Stifel Nicolaus

Jack in the Box (NASDAQ:JACK) had its target price decreased by equities researchers at Stifel Nicolaus from $52.00 to $40.00 in a report issued on Friday,Benzinga reports. The firm currently has a “hold” rating on the restaurant operator’s stock. Stifel Nicolaus’ price objective would suggest a potential upside of 5.74% from the company’s previous close.

A number of other analysts also recently weighed in on the company. Loop Capital decreased their price target on Jack in the Box from $87.00 to $70.00 and set a “buy” rating for the company in a report on Monday, October 14th. Royal Bank of Canada decreased their target price on Jack in the Box from $70.00 to $65.00 and set an “outperform” rating for the company in a research note on Thursday, November 21st. Deutsche Bank Aktiengesellschaft dropped their price target on Jack in the Box from $51.00 to $46.00 and set a “hold” rating on the stock in a research note on Thursday, November 21st. Bank of America raised their price objective on shares of Jack in the Box from $72.00 to $73.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Finally, Oppenheimer lowered 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 note on Tuesday. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Jack in the Box currently has a consensus rating of “Hold” and an average target price of $58.35.

Jack in the Box Stock Performance

Shares of NASDAQ:JACK traded down $0.30 during trading on Friday, reaching $37.83. The stock had a trading volume of 139,160 shares, compared to its average volume of 591,539. Jack in the Box has a 52 week low of $37.01 and a 52 week high of $81.01. The firm’s fifty day moving average is $45.04 and its 200 day moving average is $47.81. The stock has a market cap of $712.38 million, a price-to-earnings ratio of -19.40, a P/E/G ratio of 1.49 and a beta of 1.94.

Insider Transactions at Jack in the Box

In related news, SVP Sarah L. Super sold 1,688 shares of the business’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $40.52, for a total transaction of $68,397.76. Following the transaction, the senior vice president now directly owns 16,815 shares in the company, valued at approximately $681,343.80. The trade was a 9.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 2,343 shares of company stock valued at $100,601 over the last ninety days. 1.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Jack in the Box

Several hedge funds have recently modified their holdings of JACK. Aigen Investment Management LP increased its position in shares of Jack in the Box by 238.5% during the third quarter. Aigen Investment Management LP now owns 21,869 shares of the restaurant operator’s stock valued at $1,018,000 after acquiring an additional 15,409 shares during the last quarter. Barclays PLC grew its stake in 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 period. Biglari Sardar increased 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 valued at $4,501,000 after purchasing an additional 12,000 shares during the last quarter. Access Investment Management LLC bought a new stake in shares of Jack in the Box during the 3rd quarter worth $1,475,000. Finally, Stifel Financial Corp raised its stake in shares of 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 worth $3,802,000 after purchasing an additional 43,086 shares during the period. 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.