Jack in the Box (NASDAQ:JACK) Rating Increased to Hold at StockNews.com

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

JACK has been the topic of a number of other reports. Barclays raised their price target on shares of Jack in the Box from $46.00 to $50.00 and gave the company an “equal weight” rating in a research report on Thursday. Northcoast Research lowered shares of Jack in the Box from a “buy” rating to a “neutral” rating in a research report on Thursday, November 14th. Wedbush lowered their price objective on shares of Jack in the Box from $60.00 to $50.00 and set an “outperform” rating on the stock in a research report on Monday. Royal Bank of Canada lowered their price objective on shares of Jack in the Box from $70.00 to $65.00 and set an “outperform” rating on the stock in a research report on Thursday. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $60.00 price objective on shares of Jack in the Box in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $62.00.

Jack in the Box Stock Up 4.7 %

NASDAQ:JACK traded up $2.16 during trading hours on Thursday, reaching $47.76. The company had a trading volume of 991,255 shares, compared to its average volume of 515,521. The firm has a market cap of $913.55 million, a price-to-earnings ratio of -24.00, a P/E/G ratio of 1.06 and a beta of 1.93. The business’s 50-day simple moving average is $46.28 and its two-hundred day simple moving average is $50.27. Jack in the Box has a twelve month low of $40.84 and a twelve month high of $86.20.

Insider Transactions at Jack in the Box

In related news, CFO Brian M. Scott sold 696 shares of Jack in the Box stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $48.66, for a total transaction of $33,867.36. Following the completion of the transaction, the chief financial officer now directly owns 13,201 shares of the company’s stock, valued at $642,360.66. This trade represents a 5.01 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.60% of the company’s stock.

Institutional Trading of Jack in the Box

A number of institutional investors and hedge funds have recently bought and sold shares of the company. EntryPoint Capital LLC increased its position in Jack in the Box by 73.2% during the first quarter. EntryPoint Capital LLC now owns 866 shares of the restaurant operator’s stock valued at $59,000 after acquiring an additional 366 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in shares of Jack in the Box during the 3rd quarter valued at about $41,000. Point72 Asia Singapore Pte. Ltd. boosted its holdings in shares of Jack in the Box by 172.3% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,140 shares of the restaurant operator’s stock worth $100,000 after buying an additional 1,354 shares during the last quarter. SG Americas Securities LLC bought a new stake in Jack in the Box during the third quarter valued at approximately $185,000. Finally, MML Investors Services LLC increased its holdings in 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 valued at $226,000 after buying an additional 819 shares during the last quarter. 99.79% of the stock is currently owned by institutional investors.

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.