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 price target cut by Royal Bank of Canada from $55.00 to $45.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the restaurant operator’s stock. Royal Bank of Canada’s price objective would suggest a potential upside of 16.52% from the company’s current price.

Several other research firms have also recently commented on JACK. TD Securities restated a “hold” rating and issued a $42.00 target price on shares of Jack in the Box in a research note on Wednesday. Piper Sandler dropped their price target on Jack in the Box from $56.00 to $53.00 and set a “neutral” rating on the stock in a report on Wednesday, October 30th. TD Cowen restated a “hold” rating and issued a $50.00 price objective on shares of Jack in the Box in a research note on Thursday, November 21st. Truist Financial lowered their target price on Jack in the Box from $57.00 to $51.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, Morgan Stanley cut their price target on shares of Jack in the Box from $53.00 to $45.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, eleven have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Jack in the Box presently has an average rating of “Hold” and an average target price of $49.56.

Jack in the Box Trading Up 1.8 %

NASDAQ JACK opened at $38.62 on Wednesday. The business has a fifty day simple moving average of $39.55 and a 200 day simple moving average of $44.52. Jack in the Box has a 12 month low of $32.69 and a 12 month high of $76.56. The firm has a market capitalization of $728.22 million, a P/E ratio of -19.81, a PEG ratio of 1.29 and a beta of 1.94.

Jack in the Box (NASDAQ:JACK) last announced its earnings results on Tuesday, February 25th. The restaurant operator reported $1.92 EPS for the quarter, beating the consensus estimate of $1.71 by $0.21. Jack in the Box had a negative net margin of 2.34% and a negative return on equity of 15.79%. The company had revenue of $469.44 million during the quarter, compared to the consensus estimate of $470.47 million. As a group, sell-side analysts predict that Jack in the Box will post 5.33 EPS for the current fiscal year.

Insider Buying and Selling at Jack in the Box

In other news, SVP Sarah L. Super sold 1,688 shares of Jack in the Box stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $40.52, for a total value of $68,397.76. Following the completion of the transaction, the senior vice president now directly owns 16,815 shares in the company, valued at approximately $681,343.80. The trade was a 9.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 2,190 shares of company stock valued at $92,961 in the last 90 days. 1.40% of the stock is currently owned by company insiders.

Institutional Trading of Jack in the Box

Institutional investors have recently added to or reduced their stakes in the stock. DekaBank Deutsche Girozentrale purchased a new position in Jack in the Box during the 3rd quarter valued at about $41,000. Emerald Advisers LLC boosted its position in shares of Jack in the Box by 2.9% in the third quarter. Emerald Advisers LLC now owns 200,067 shares of the restaurant operator’s stock valued at $9,311,000 after acquiring an additional 5,582 shares during the period. Access Investment Management LLC bought a new position in shares of Jack in the Box in the third quarter valued at approximately $1,475,000. GSA Capital Partners LLP purchased a new position in Jack in the Box during the third quarter valued at approximately $229,000. Finally, Aigen Investment Management LP increased its holdings in Jack in the Box by 238.5% during the 3rd quarter. Aigen Investment Management LP now owns 21,869 shares of the restaurant operator’s stock worth $1,018,000 after acquiring an additional 15,409 shares during the period. Hedge funds and other institutional investors own 99.79% of the company’s stock.

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.