Jack in the Box (NASDAQ:JACK) Price Target Lowered to $52.00 at Oppenheimer

Jack in the Box (NASDAQ:JACK) had its price objective cut by analysts at Oppenheimer from $60.00 to $52.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the restaurant operator’s stock. Oppenheimer’s price objective indicates a potential upside of 28.49% from the company’s current price.

JACK has been the topic of a number of other reports. Wedbush cut their price objective on Jack in the Box from $60.00 to $50.00 and set an “outperform” rating on the stock in a research report on Monday, November 18th. Bank of America lifted their target price on shares of Jack in the Box from $72.00 to $73.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Barclays increased their price objective on shares of Jack in the Box from $46.00 to $50.00 and gave the company an “equal weight” rating in a research report on Thursday, November 21st. StockNews.com upgraded Jack in the Box from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, The Goldman Sachs Group reduced their price target on shares of Jack in the Box from $55.00 to $47.00 and set a “sell” rating for the company in a research note on Monday, October 21st. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $59.41.

Jack in the Box Stock Performance

NASDAQ:JACK opened at $40.47 on Tuesday. The firm has a market cap of $762.09 million, a PE ratio of -20.75, a price-to-earnings-growth ratio of 1.49 and a beta of 1.94. The business has a 50 day moving average price of $45.74 and a 200-day moving average price of $48.03. Jack in the Box has a fifty-two week low of $38.12 and a fifty-two week high of $84.87.

Insider Buying and Selling

In related news, SVP Sarah L. Super sold 1,688 shares of the stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $40.52, for a total transaction of $68,397.76. Following the completion of the transaction, the senior vice president now directly owns 16,815 shares of the company’s stock, valued at approximately $681,343.80. This represents a 9.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last three months, insiders have sold 2,343 shares of company stock valued at $100,601. Corporate insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Jack in the Box

Several large investors have recently bought and sold shares of JACK. Aigen Investment Management LP increased its stake in Jack in the Box by 238.5% during the third 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 last quarter. Barclays PLC boosted its holdings in shares of Jack in the Box by 70.9% in the third quarter. Barclays PLC now owns 216,117 shares of the restaurant operator’s stock valued at $10,060,000 after purchasing an additional 89,649 shares during the period. Biglari Sardar grew its position in shares of Jack in the Box by 14.2% during the 3rd quarter. Biglari Sardar now owns 96,717 shares of the restaurant operator’s stock worth $4,501,000 after buying an additional 12,000 shares in the last quarter. Access Investment Management LLC purchased a new position in Jack in the Box during the 3rd quarter valued at about $1,475,000. Finally, Stifel Financial Corp raised its stake in Jack in the Box by 111.6% in the third quarter. Stifel Financial Corp now owns 81,691 shares of the restaurant operator’s stock worth $3,802,000 after buying an additional 43,086 shares in the last quarter. 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.