Jack in the Box’s (JACK) “Outperform” Rating Reiterated at Oppenheimer

Jack in the Box (NASDAQ:JACK)‘s stock had its “outperform” rating reiterated by equities research analysts at Oppenheimer in a research report issued to clients and investors on Thursday,Benzinga reports. They presently have a $60.00 target price on the restaurant operator’s stock. Oppenheimer’s price target would suggest a potential upside of 26.64% from the stock’s previous close.

A number of other equities analysts have also recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Jack in the Box from $59.00 to $56.00 and set a “hold” rating for the company in a research report on Wednesday, August 7th. 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. Wedbush cut their price objective 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. The Goldman Sachs Group decreased their target price on Jack in the Box from $55.00 to $47.00 and set a “sell” rating on the stock in a research report on Monday, October 21st. Finally, Guggenheim reduced their price objective on Jack in the Box from $95.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $62.59.

Jack in the Box Trading Up 3.9 %

JACK traded up $1.78 during trading on Thursday, hitting $47.38. The company’s stock had a trading volume of 278,344 shares, compared to its average volume of 510,888. The firm has a market capitalization of $906.38 million, a price-to-earnings ratio of -23.60, a P/E/G ratio of 1.06 and a beta of 1.93. Jack in the Box has a twelve month low of $40.84 and a twelve month high of $86.20. The business’s fifty day simple moving average is $46.18 and its 200 day simple moving average is $50.28.

Insider Transactions at Jack in the Box

In other Jack in the Box news, CFO Brian M. Scott sold 696 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $48.66, for a total transaction of $33,867.36. Following the completion of the sale, the chief financial officer now owns 13,201 shares of the company’s stock, valued at approximately $642,360.66. The trade was a 5.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Jack in the Box

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Manning & Napier Advisors LLC purchased a new stake in shares of Jack in the Box during the second quarter worth about $3,311,000. Aigen Investment Management LP raised its position in shares of Jack in the Box by 238.5% in the 3rd quarter. Aigen Investment Management LP now owns 21,869 shares of the restaurant operator’s stock valued at $1,018,000 after purchasing an additional 15,409 shares in the last quarter. Access Investment Management LLC purchased a new position in shares of Jack in the Box during the 3rd quarter valued at approximately $1,475,000. Allspring Global Investments Holdings LLC increased its stake in shares of Jack in the Box by 26.2% in the second quarter. Allspring Global Investments Holdings LLC now owns 626,955 shares of the restaurant operator’s stock worth $31,937,000 after buying an additional 130,214 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Jack in the Box by 8.3% in the second quarter. Bank of New York Mellon Corp now owns 245,491 shares of the restaurant operator’s stock valued at $12,505,000 after acquiring an additional 18,874 shares in the last quarter. Hedge funds and other institutional investors own 99.79% of the company’s stock.

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.