Jack in the Box (NASDAQ:JACK – Get Free Report) had its target price reduced by research analysts at UBS Group from $50.00 to $44.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the restaurant operator’s stock. UBS Group’s price target would indicate a potential upside of 8.72% from the company’s previous close.
Other equities analysts have also issued reports about the stock. The Goldman Sachs Group reduced their price target on shares of Jack in the Box from $55.00 to $47.00 and set a “sell” rating on the stock in a research report on Monday, October 21st. Deutsche Bank Aktiengesellschaft reduced their target price on Jack in the Box from $51.00 to $46.00 and set a “hold” rating on the stock in a report on Thursday, November 21st. Royal Bank of Canada dropped their price target on Jack in the Box from $70.00 to $65.00 and set an “outperform” rating for the company in a report on Thursday, November 21st. Truist Financial reduced their price objective on Jack in the Box from $70.00 to $57.00 and set a “buy” rating on the stock in a research note on Friday, November 22nd. Finally, Guggenheim cut their price target 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. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $59.06.
Get Our Latest Analysis on JACK
Jack in the Box Stock Performance
Insider Activity at Jack in the Box
In other news, SVP Sarah L. Super sold 1,688 shares of the business’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $40.52, for a total transaction of $68,397.76. Following the completion of 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last quarter, insiders sold 2,343 shares of company stock worth $100,601. 1.60% of the stock is owned by insiders.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the company. DekaBank Deutsche Girozentrale acquired a new stake in Jack in the Box in the third quarter worth $41,000. GAMMA Investing LLC raised its stake in Jack in the Box by 229.7% during the 4th quarter. GAMMA Investing LLC now owns 1,055 shares of the restaurant operator’s stock worth $44,000 after buying an additional 735 shares during the period. Point72 Asia Singapore Pte. Ltd. lifted its holdings in Jack in the Box by 172.3% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,140 shares of the restaurant operator’s stock worth $100,000 after acquiring an additional 1,354 shares in the last quarter. SG Americas Securities LLC acquired a new position in Jack in the Box in the third quarter valued at about $185,000. Finally, MML Investors Services LLC raised its position in shares of Jack in the Box by 20.3% during the third quarter. MML Investors Services LLC now owns 4,852 shares of the restaurant operator’s stock worth $226,000 after purchasing an additional 819 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.
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