Guggenheim Reiterates “Buy” Rating for Jack in the Box (NASDAQ:JACK)

Jack in the Box (NASDAQ:JACK)‘s stock had its “buy” rating reiterated by analysts at Guggenheim in a note issued to investors on Thursday,Benzinga reports. They presently have a $55.00 price target on the restaurant operator’s stock. Guggenheim’s price target points to a potential upside of 39.95% from the stock’s previous close.

Other equities analysts have also issued reports about the stock. Northcoast Research lowered shares of Jack in the Box from a “buy” rating to a “neutral” rating in a research report on Thursday, November 14th. Royal Bank of Canada dropped their price target on shares of Jack in the Box from $55.00 to $45.00 and set an “outperform” rating for the company in a research note on Wednesday. StockNews.com downgraded shares of Jack in the Box from a “hold” rating to a “sell” rating in a research report on Wednesday, January 15th. Stifel Nicolaus reduced their target price on shares of Jack in the Box from $52.00 to $40.00 and set a “hold” rating for the company in a report on Friday, January 10th. Finally, Piper Sandler lowered their price objective on shares of Jack in the Box from $56.00 to $53.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, Jack in the Box currently has a consensus rating of “Hold” and a consensus target price of $49.56.

Jack in the Box Price Performance

Shares of Jack in the Box stock traded up $1.36 during trading on Thursday, hitting $39.30. 221,733 shares of the company’s stock traded hands, compared to its average volume of 647,392. The firm’s fifty day moving average price is $39.55 and its 200 day moving average price is $44.56. Jack in the Box has a twelve month low of $32.69 and a twelve month high of $76.56. The company has a market cap of $741.04 million, a PE ratio of -20.25, a PEG ratio of 1.29 and a beta of 1.94.

Jack in the Box (NASDAQ:JACK) last issued its earnings results on Tuesday, February 25th. The restaurant operator reported $1.92 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.21. The business had revenue of $469.44 million for the quarter, compared to analyst estimates of $470.47 million. Jack in the Box had a negative net margin of 2.34% and a negative return on equity of 15.79%. As a group, equities research analysts anticipate that Jack in the Box will post 5.33 earnings per share for the current year.

Insider Buying and Selling at Jack in the Box

In other Jack in the Box 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 completion of the sale, the senior vice president now owns 16,815 shares of the company’s stock, valued at $681,343.80. The trade was a 9.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders sold 2,190 shares of company stock valued at $92,961 in the last quarter. Company insiders own 1.40% of the company’s stock.

Institutional Trading of Jack in the Box

A number of institutional investors have recently bought and sold shares of JACK. DekaBank Deutsche Girozentrale bought a new stake in Jack in the Box in the 3rd quarter valued at about $41,000. Emerald Advisers LLC lifted its holdings in shares of Jack in the Box by 2.9% during the 3rd quarter. Emerald Advisers LLC now owns 200,067 shares of the restaurant operator’s stock worth $9,311,000 after acquiring an additional 5,582 shares during the period. Access Investment Management LLC bought a new stake in shares of Jack in the Box during the 3rd quarter worth approximately $1,475,000. GSA Capital Partners LLP bought a new stake in shares of Jack in the Box during the 3rd quarter worth approximately $229,000. Finally, Aigen Investment Management LP lifted its holdings in shares of 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. 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.