UBS Group Lowers Jack in the Box (NASDAQ:JACK) Price Target to $50.00

Jack in the Box (NASDAQ:JACK) had its price objective dropped by research analysts at UBS Group from $55.00 to $50.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage presently has a “neutral” rating on the restaurant operator’s stock. UBS Group’s target price suggests a potential upside of 10.74% from the stock’s previous close.

Other analysts also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Jack in the Box from $59.00 to $56.00 and set a “hold” rating for the company in a research report on Wednesday, August 7th. Royal Bank of Canada reduced their price objective on shares of Jack in the Box from $75.00 to $70.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Piper Sandler reduced their price target on shares of Jack in the Box from $60.00 to $56.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Wedbush reduced their price target on shares of Jack in the Box from $68.00 to $60.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Finally, StockNews.com downgraded shares of Jack in the Box from a “hold” rating to a “sell” rating in a research report on Wednesday, August 7th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $68.63.

Jack in the Box Stock Down 0.7 %

Shares of Jack in the Box stock opened at $45.15 on Friday. The company has a market capitalization of $875.46 million, a P/E ratio of 7.95, a P/E/G ratio of 0.70 and a beta of 1.94. Jack in the Box has a 52-week low of $40.84 and a 52-week high of $86.20. The company has a 50 day moving average of $49.17 and a 200 day moving average of $53.89.

Jack in the Box (NASDAQ:JACK) last issued its quarterly earnings data on Tuesday, August 6th. The restaurant operator reported $1.65 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.14. The business had revenue of $369.17 million during the quarter, compared to the consensus estimate of $371.81 million. Jack in the Box had a negative net margin of 2.30% and a negative return on equity of 16.46%. The company’s revenue was down 7.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.45 EPS. As a group, research analysts anticipate that Jack in the Box will post 6.22 earnings per share for the current fiscal year.

Insider Buying and Selling at Jack in the Box

In other news, CFO Brian M. Scott sold 696 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $48.66, for a total transaction of $33,867.36. Following the transaction, the chief financial officer now directly owns 13,201 shares of the company’s stock, valued at $642,360.66. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Jack in the Box

A number of institutional investors and hedge funds have recently made changes to their positions in JACK. Lighthouse Investment Partners LLC acquired a new position in shares of Jack in the Box during the 4th quarter worth $11,424,000. GSA Capital Partners LLP grew its stake in shares of Jack in the Box by 777.7% during the 4th quarter. GSA Capital Partners LLP now owns 33,809 shares of the restaurant operator’s stock worth $2,760,000 after purchasing an additional 29,957 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of Jack in the Box by 9.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,993 shares of the restaurant operator’s stock worth $163,000 after buying an additional 179 shares in the last quarter. Bridge City Capital LLC boosted its position in shares of Jack in the Box by 3.4% in the 1st quarter. Bridge City Capital LLC now owns 31,951 shares of the restaurant operator’s stock worth $2,188,000 after buying an additional 1,046 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of Jack in the Box by 2.0% in the 1st quarter. Principal Financial Group Inc. now owns 115,564 shares of the restaurant operator’s stock worth $7,914,000 after buying an additional 2,315 shares in the last quarter. 99.79% of the stock is owned by institutional investors and hedge funds.

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.