Jack in the Box Inc. (NASDAQ:JACK) Receives $92.05 Average PT from Analysts

Jack in the Box Inc. (NASDAQ:JACK) has been given a consensus rating of “Hold” by the seventeen research firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, ten have given a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $91.00.

Several equities research analysts have recently commented on the company. Piper Sandler reduced their target price on Jack in the Box from $93.00 to $75.00 and set a “neutral” rating for the company in a report on Monday, October 9th. Barclays reduced their target price on Jack in the Box from $90.00 to $70.00 and set an “equal weight” rating for the company in a report on Monday, October 23rd. Loop Capital increased their price objective on Jack in the Box from $125.00 to $133.00 in a research note on Thursday, August 10th. Bank of America began coverage on Jack in the Box in a research note on Thursday, October 5th. They issued a “buy” rating and a $85.00 price objective for the company. Finally, Morgan Stanley reduced their price objective on Jack in the Box from $99.00 to $80.00 and set an “equal weight” rating for the company in a research note on Wednesday, October 11th.

Jack in the Box Stock Up 2.0 %

Shares of NASDAQ JACK opened at $69.97 on Monday. Jack in the Box has a 12 month low of $60.43 and a 12 month high of $99.56. The company has a market cap of $1.41 billion, a price-to-earnings ratio of 9.47, a P/E/G ratio of 0.84 and a beta of 1.74. The business has a fifty day simple moving average of $67.15 and a 200-day simple moving average of $82.29.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Ancora Advisors LLC acquired a new position in shares of Jack in the Box during the 1st quarter valued at about $25,000. Advisors Asset Management Inc. increased its holdings in shares of Jack in the Box by 102.6% during the 4th quarter. Advisors Asset Management Inc. now owns 468 shares of the restaurant operator’s stock valued at $32,000 after acquiring an additional 237 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Jack in the Box by 45.8% during the 1st quarter. Tower Research Capital LLC TRC now owns 621 shares of the restaurant operator’s stock valued at $54,000 after acquiring an additional 195 shares during the last quarter. Householder Group Estate & Retirement Specialist LLC acquired a new position in shares of Jack in the Box during the 3rd quarter valued at about $66,000. Finally, AdvisorShares Investments LLC increased its holdings in shares of Jack in the Box by 23.2% during the 2nd quarter. AdvisorShares Investments LLC now owns 1,300 shares of the restaurant operator’s stock valued at $127,000 after acquiring an additional 245 shares during the last quarter. 99.79% of the stock is owned by institutional investors and hedge funds.

Jack in the Box Company Profile

Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants. The company was founded in 1951 and is headquartered in San Diego, California.