Jack In The Box Inc. (JACK) Price Target Cut to $117.00 by Analysts at Wells Fargo & Company
Jack In The Box Inc. (NASDAQ:JACK) had its target price trimmed by Wells Fargo & Company from $120.00 to $117.00 in a research note published on Wednesday morning. The firm currently has an outperform rating on the restaurant operator’s stock.
A number of other brokerages have also weighed in on JACK. Zacks Investment Research upgraded Jack In The Box from a sell rating to a hold rating in a research note on Tuesday, July 18th. BidaskClub upgraded Jack In The Box from a sell rating to a hold rating in a research note on Tuesday, August 8th. TheStreet lowered Jack In The Box from a b- rating to a c rating in a research note on Wednesday, August 9th. Stifel Nicolaus started coverage on Jack In The Box in a research note on Monday, October 2nd. They set a hold rating and a $105.00 target price on the stock. Finally, Cowen and Company reiterated a neutral rating and set a $99.00 target price (down previously from $105.00) on shares of Jack In The Box in a research note on Friday, August 11th. One analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the stock. Jack In The Box presently has an average rating of Buy and an average target price of $113.15.
Jack In The Box (JACK) traded up $0.45 during trading hours on Wednesday, reaching $104.44. The company’s stock had a trading volume of 370,429 shares, compared to its average volume of 639,714. The company has a quick ratio of 0.63, a current ratio of 0.66 and a debt-to-equity ratio of -2.56. The company has a market capitalization of $3,070.00, a price-to-earnings ratio of 24.90, a price-to-earnings-growth ratio of 1.58 and a beta of 0.52. Jack In The Box has a 12-month low of $90.89 and a 12-month high of $113.30.
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In other Jack In The Box news, insider Frances L. Allen sold 530 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $102.71, for a total value of $54,436.30. Following the sale, the insider now owns 10,979 shares of the company’s stock, valued at approximately $1,127,653.09. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 2.10% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Airain ltd acquired a new stake in shares of Jack In The Box during the 2nd quarter valued at $1,875,000. Bain Capital Public Equity Management LLC acquired a new position in Jack In The Box during the 2nd quarter worth about $54,752,000. Clinton Group Inc. lifted its holdings in Jack In The Box by 51.1% during the 2nd quarter. Clinton Group Inc. now owns 19,565 shares of the restaurant operator’s stock worth $1,927,000 after buying an additional 6,617 shares during the period. Bank of Nova Scotia acquired a new position in Jack In The Box during the 2nd quarter worth about $9,850,000. Finally, Vaughan Nelson Investment Management L.P. lifted its holdings in Jack In The Box by 60.9% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 850,225 shares of the restaurant operator’s stock worth $86,656,000 after buying an additional 321,825 shares during the period. 96.90% of the stock is currently owned by institutional investors.
Jack In The Box Company Profile
Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants (QSRs) and Qdoba Mexican Eats (Qdoba) fast-casual restaurants. The Company operates in two segments: Jack in the Box and Qdoba restaurant operations. Qdoba is a fast-casual Mexican food brand in the United States, offering food items including burritos, tacos, salads, and quesadillas.
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