Jack in the Box (NASDAQ:JACK) Stock Rating Upgraded by 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 note issued to investors on Friday.

Several other research firms have also commented on JACK. TD Cowen reaffirmed a “hold” rating and set a $50.00 price objective on shares of Jack in the Box in a research note on Thursday, November 21st. Truist Financial dropped their price target on shares of Jack in the Box from $70.00 to $57.00 and set a “buy” rating for the company in a research note on Friday, November 22nd. Northcoast Research lowered Jack in the Box from a “buy” rating to a “neutral” rating in a research report on Thursday, November 14th. UBS Group reduced their price target on Jack in the Box from $55.00 to $50.00 and set a “neutral” rating on the stock in a report on Friday, October 4th. Finally, Bank of America boosted their price objective on Jack in the Box from $72.00 to $73.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Jack in the Box has an average rating of “Hold” and a consensus target price of $59.88.

Jack in the Box Stock Up 5.2 %

NASDAQ JACK traded up $2.02 during trading hours on Friday, hitting $40.73. 1,487,279 shares of the company were exchanged, compared to its average volume of 524,456. Jack in the Box has a 52 week low of $38.12 and a 52 week high of $86.20. The stock has a 50-day moving average price of $47.04 and a 200 day moving average price of $49.28. The stock has a market cap of $766.99 million, a PE ratio of -20.89, a price-to-earnings-growth ratio of 1.59 and a beta of 1.92.

Institutional Trading of Jack in the Box

Several hedge funds have recently modified their holdings of JACK. Victory Capital Management Inc. boosted its position in shares of Jack in the Box by 261.5% in the 2nd quarter. Victory Capital Management Inc. now owns 557,667 shares of the restaurant operator’s stock worth $28,408,000 after purchasing an additional 403,423 shares in the last quarter. Invenomic Capital Management LP acquired a new stake in Jack in the Box in the third quarter worth about $11,802,000. Clearline Capital LP grew its stake in shares of Jack in the Box by 136.7% during the second quarter. Clearline Capital LP now owns 250,426 shares of the restaurant operator’s stock worth $12,757,000 after acquiring an additional 144,631 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Jack in the Box by 26.2% during the second quarter. Allspring Global Investments Holdings LLC now owns 626,955 shares of the restaurant operator’s stock valued at $31,937,000 after acquiring an additional 130,214 shares in the last quarter. Finally, Squarepoint Ops LLC raised its position in shares of Jack in the Box by 296.5% in the 2nd quarter. Squarepoint Ops LLC now owns 135,146 shares of the restaurant operator’s stock valued at $6,884,000 after purchasing an additional 101,064 shares during the last quarter. 99.79% of the stock is owned by hedge funds and other 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.