Jack in the Box’s (JACK) Outperform Rating Reiterated at Royal Bank of Canada

Jack in the Box (NASDAQ:JACK)‘s stock had its “outperform” rating reaffirmed by Royal Bank of Canada in a report issued on Thursday,Benzinga reports. They presently have a $55.00 price target on the restaurant operator’s stock. Royal Bank of Canada’s price target indicates a potential upside of 38.96% from the stock’s previous close.

A number of other brokerages have also commented on JACK. Truist Financial cut their target price on 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. StockNews.com lowered shares of Jack in the Box from a “hold” rating to a “sell” rating in a research report on Wednesday. TD Cowen restated a “hold” rating and set a $50.00 price target on shares of Jack in the Box in a research note on Thursday, November 21st. Northcoast Research lowered Jack in the Box from a “buy” rating to a “neutral” rating in a research note on Thursday, November 14th. Finally, Oppenheimer cut their target price on Jack in the Box from $60.00 to $52.00 and set an “outperform” rating for the company in a research report on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $57.76.

Jack in the Box Stock Up 1.1 %

Shares of NASDAQ:JACK opened at $39.58 on Thursday. The company has a market cap of $745.29 million, a price-to-earnings ratio of -20.30, a PEG ratio of 1.22 and a beta of 1.94. The business has a 50 day moving average price of $44.08 and a 200 day moving average price of $47.44. Jack in the Box has a twelve month low of $36.36 and a twelve month high of $81.01.

Insider Activity 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 sale, the senior vice president now directly owns 16,815 shares of the company’s stock, valued at approximately $681,343.80. This trade represents a 9.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 2,343 shares of company stock valued at $100,601 over the last quarter. Corporate insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Jack in the Box

Large investors have recently made changes to their positions in the company. DekaBank Deutsche Girozentrale bought a new stake in Jack in the Box during the 3rd quarter worth about $41,000. GAMMA Investing LLC grew its position in shares of Jack in the Box by 229.7% during the 4th quarter. GAMMA Investing LLC now owns 1,055 shares of the restaurant operator’s stock worth $44,000 after buying an additional 735 shares during the period. Point72 Asia Singapore Pte. Ltd. raised its stake in shares of Jack in the Box by 172.3% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,140 shares of the restaurant operator’s stock worth $100,000 after buying an additional 1,354 shares during the last quarter. SG Americas Securities LLC acquired a new position in Jack in the Box in the third quarter valued at approximately $185,000. Finally, MML Investors Services LLC boosted its stake in Jack in the Box by 20.3% in the third quarter. MML Investors Services LLC now owns 4,852 shares of the restaurant operator’s stock valued at $226,000 after acquiring an additional 819 shares during the last quarter. Institutional investors and hedge funds 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.