Oppenheimer Reaffirms Outperform Rating for Jack in the Box (NASDAQ:JACK)

Jack in the Box (NASDAQ:JACK)‘s stock had its “outperform” rating reiterated by investment analysts at Oppenheimer in a report released on Thursday,Benzinga reports. They presently have a $60.00 target price on the restaurant operator’s stock. Oppenheimer’s price objective would indicate a potential upside of 26.32% from the stock’s current price.

Several other analysts have also recently issued reports on the stock. Northcoast Research cut shares of Jack in the Box from a “buy” rating to a “neutral” rating in a report on Thursday, November 14th. Barclays lifted their price target on Jack in the Box from $46.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Thursday. The Goldman Sachs Group cut their price objective on Jack in the Box from $55.00 to $47.00 and set a “sell” rating on the stock in a research note on Monday, October 21st. Guggenheim decreased their price objective on shares of Jack in the Box from $95.00 to $60.00 and set a “buy” rating for the company in a report on Wednesday. Finally, Wedbush lowered their price objective on shares of Jack in the Box from $60.00 to $50.00 and set an “outperform” rating for the company in a research report on Monday, November 18th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $60.38.

Jack in the Box Stock Down 0.6 %

JACK stock opened at $47.50 on Thursday. The company has a market capitalization of $908.68 million, a PE ratio of -23.87, a P/E/G ratio of 1.06 and a beta of 1.93. The stock’s 50 day moving average is $46.34 and its two-hundred day moving average is $50.21. Jack in the Box has a 52-week low of $40.84 and a 52-week high of $86.20.

Insider Buying and Selling

In other news, CFO Brian M. Scott sold 696 shares of Jack in the Box stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $48.66, for a total transaction of $33,867.36. Following the transaction, the chief financial officer now directly owns 13,201 shares in the company, valued at approximately $642,360.66. This trade represents a 5.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Jack in the Box

Hedge funds and other institutional investors have recently bought and sold shares of the business. UniSuper Management Pty Ltd bought a new stake in Jack in the Box during the first quarter worth approximately $425,000. CANADA LIFE ASSURANCE Co raised its stake in Jack in the Box by 4.5% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 18,486 shares of the restaurant operator’s stock valued at $1,265,000 after purchasing an additional 790 shares during the period. EntryPoint Capital LLC boosted its position in shares of Jack in the Box by 73.2% in the first quarter. EntryPoint Capital LLC now owns 866 shares of the restaurant operator’s stock worth $59,000 after buying an additional 366 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of Jack in the Box by 4.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 15,914 shares of the restaurant operator’s stock valued at $1,090,000 after buying an additional 644 shares in the last quarter. Finally, Manning & Napier Advisors LLC acquired a new position in Jack in the Box during the second quarter valued at $3,311,000. 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.