Jack in the Box (NASDAQ:JACK) Price Target Lowered to $45.00 at Royal Bank of Canada

Jack in the Box (NASDAQ:JACK) had its target price decreased by analysts at Royal Bank of Canada from $55.00 to $45.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the restaurant operator’s stock. Royal Bank of Canada’s price target suggests a potential upside of 18.17% from the company’s previous close.

Several other research analysts have also issued reports on the company. Deutsche Bank Aktiengesellschaft dropped their target price on Jack in the Box from $51.00 to $46.00 and set a “hold” rating for the company in a research report on Thursday, November 21st. Morgan Stanley cut their price objective on shares of Jack in the Box from $53.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 21st. Oppenheimer decreased 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 report on Tuesday, January 7th. TD Securities restated a “hold” rating and issued a $42.00 price target on shares of Jack in the Box in a research report on Wednesday. Finally, Stifel Nicolaus decreased their price objective on shares of Jack in the Box from $52.00 to $40.00 and set a “hold” rating on the stock in a report on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Jack in the Box presently has an average rating of “Hold” and a consensus price target of $49.88.

Jack in the Box Stock Up 12.2 %

Shares of JACK traded up $4.13 during mid-day trading on Wednesday, hitting $38.08. 1,091,515 shares of the company’s stock traded hands, compared to its average volume of 623,711. Jack in the Box has a 1 year low of $32.69 and a 1 year high of $76.56. The firm has a market capitalization of $718.04 million, a P/E ratio of -19.58, a PEG ratio of 1.29 and a beta of 1.94. The business’s 50-day moving average price is $39.60 and its 200-day moving average price is $44.61.

Jack in the Box (NASDAQ:JACK) last announced its quarterly earnings data on Tuesday, February 25th. The restaurant operator reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.71 by $0.21. Jack in the Box had a negative return on equity of 15.79% and a negative net margin of 2.34%. The business had revenue of $469.44 million during the quarter, compared to analysts’ expectations of $470.47 million. Sell-side analysts anticipate that Jack in the Box will post 5.33 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Jack in the Box news, SVP Sarah L. Super sold 1,688 shares of the firm’s stock in a transaction on 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 owns 16,815 shares of the company’s stock, valued at approximately $681,343.80. This trade represents a 9.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders have sold 2,190 shares of company stock valued at $92,961 over the last quarter. Company insiders own 1.40% of the company’s stock.

Institutional Trading of Jack in the Box

Several hedge funds and other institutional investors have recently bought and sold shares of JACK. Quadrant Capital Group LLC increased its position in Jack in the Box by 96.7% during the 4th quarter. Quadrant Capital Group LLC now owns 899 shares of the restaurant operator’s stock worth $37,000 after purchasing an additional 442 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in Jack in the Box in the fourth quarter worth $40,000. DekaBank Deutsche Girozentrale acquired a new position in Jack in the Box during the 3rd quarter valued at approximately $41,000. GAMMA Investing LLC increased its position in Jack in the Box by 229.7% in the 4th quarter. GAMMA Investing LLC now owns 1,055 shares of the restaurant operator’s stock valued at $44,000 after acquiring an additional 735 shares during the period. Finally, KBC Group NV raised its position in shares of Jack in the Box by 99.5% during the 4th quarter. KBC Group NV now owns 1,235 shares of the restaurant operator’s stock worth $51,000 after buying an additional 616 shares in the last quarter. 99.79% of the stock is owned by hedge funds and other institutional investors.

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.