Jack in the Box (NASDAQ:JACK) Upgraded at StockNews.com

Jack in the Box (NASDAQ:JACK) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Friday.

A number of other research firms also recently weighed in on JACK. Royal Bank of Canada reduced their target price on shares of Jack in the Box from $70.00 to $65.00 and set an “outperform” rating for the company in a research report on Thursday, November 21st. TD Cowen restated a “hold” rating and issued a $50.00 price objective on shares of Jack in the Box in a research report on Thursday, November 21st. 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. UBS Group decreased their price target on shares of Jack in the Box from $55.00 to $50.00 and set a “neutral” rating on the stock in a research note on Friday, October 4th. Finally, Barclays upped their price objective on shares of Jack in the Box from $46.00 to $50.00 and gave the company an “equal weight” rating in a research note on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Jack in the Box currently has a consensus rating of “Hold” and an average price target of $60.38.

Jack in the Box Trading Up 4.2 %

Shares of JACK stock traded up $1.98 during trading on Friday, hitting $48.85. The company’s stock had a trading volume of 338,325 shares, compared to its average volume of 518,255. The company has a market cap of $919.85 million, a PE ratio of -25.05, a P/E/G ratio of 1.54 and a beta of 1.93. The business has a fifty day moving average of $46.59 and a 200-day moving average of $50.02. Jack in the Box has a 52 week low of $40.84 and a 52 week high of $86.20.

Institutional Investors Weigh In On Jack in the Box

Several institutional investors and hedge funds have recently bought and sold shares of JACK. Barclays PLC increased its position in Jack in the Box by 70.9% during 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. MML Investors Services LLC lifted its position in shares of Jack in the Box by 20.3% in the 3rd 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. XTX Topco Ltd bought a new stake in shares of Jack in the Box during the 3rd quarter valued at about $429,000. EP Wealth Advisors LLC purchased a new position in shares of Jack in the Box during the third quarter valued at about $372,000. Finally, Stifel Financial Corp raised its stake in Jack in the Box by 111.6% in 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 in the last quarter. Hedge funds and other 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.