Oppenheimer Has Lowered Expectations for Jack in the Box (NASDAQ:JACK) Stock Price

Jack in the Box (NASDAQ:JACK) had its price objective reduced by investment analysts at Oppenheimer from $60.00 to $52.00 in a report issued on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the restaurant operator’s stock. Oppenheimer’s price objective would indicate a potential upside of 28.49% from the stock’s previous close.

Several other equities analysts also recently commented on JACK. Royal Bank of Canada decreased their price target on shares of Jack in the Box from $70.00 to $65.00 and set an “outperform” rating on the stock in a research note on Thursday, November 21st. Guggenheim reduced their price objective on Jack in the Box from $95.00 to $60.00 and set a “buy” rating on the stock in a research note on Wednesday, November 20th. Loop Capital cut their price target on Jack in the Box from $87.00 to $70.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Piper Sandler cut their target price 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. Finally, Wedbush reduced their price objective on shares of Jack in the Box from $60.00 to $50.00 and set an “outperform” rating on the stock in a research note on Monday, November 18th. 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. According to MarketBeat.com, Jack in the Box currently has a consensus rating of “Hold” and a consensus price target of $59.41.

Jack in the Box Stock Performance

Shares of JACK opened at $40.47 on Tuesday. Jack in the Box has a 52 week low of $38.12 and a 52 week high of $84.87. The firm has a market cap of $762.09 million, a P/E ratio of -20.75, a price-to-earnings-growth ratio of 1.49 and a beta of 1.94. The firm’s 50-day simple moving average is $45.74 and its 200 day simple moving average is $48.03.

Insider Activity at Jack in the Box

In related news, SVP Sarah L. Super sold 1,688 shares of the business’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $40.52, for a total value of $68,397.76. Following the transaction, the senior vice president now directly owns 16,815 shares of the company’s stock, valued at approximately $681,343.80. The trade was a 9.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold 2,343 shares of company stock valued at $100,601 over the last ninety days. Corporate insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in JACK. The Manufacturers Life Insurance Company increased its position in shares of Jack in the Box by 3.8% during the second quarter. The Manufacturers Life Insurance Company now owns 9,733 shares of the restaurant operator’s stock valued at $496,000 after buying an additional 358 shares during the period. GAMMA Investing LLC lifted its stake 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 worth $44,000 after purchasing an additional 735 shares in the last quarter. MML Investors Services LLC boosted its holdings in Jack in the Box by 20.3% in the 3rd quarter. MML Investors Services LLC now owns 4,852 shares of the restaurant operator’s stock valued at $226,000 after purchasing an additional 819 shares during the period. DekaBank Deutsche Girozentrale purchased a new position in shares of Jack in the Box during the 3rd quarter valued at $41,000. Finally, Point72 Asia Singapore Pte. Ltd. grew its position in shares of Jack in the Box by 172.3% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,140 shares of the restaurant operator’s stock valued at $100,000 after purchasing an additional 1,354 shares in the last quarter. 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.