Jack in the Box (NASDAQ:JACK) Downgraded by Wedbush to Neutral

Jack in the Box (NASDAQ:JACK) was downgraded by stock analysts at Wedbush from an “outperform” rating to a “neutral” rating in a research report issued to clients and investors on Friday,Finviz reports. They currently have a $40.00 price objective on the restaurant operator’s stock, down from their prior price objective of $50.00. Wedbush’s price target would indicate a potential upside of 1.68% from the stock’s previous close.

JACK has been the subject of a number of other reports. StockNews.com cut Jack in the Box from a “hold” rating to a “sell” rating in a report on Wednesday, January 15th. Northcoast Research lowered Jack in the Box from a “buy” rating to a “neutral” rating in a research report on Thursday, November 14th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $55.00 price target on shares of Jack in the Box in a research report on Thursday, January 16th. Piper Sandler reduced their price target on Jack in the Box from $56.00 to $53.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 30th. Finally, TD Cowen reissued a “hold” rating and set a $50.00 target price on shares of Jack in the Box in a research report on Thursday, November 21st. Two 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’s stock. According to data from MarketBeat.com, Jack in the Box currently has an average rating of “Hold” and a consensus target price of $53.88.

Jack in the Box Price Performance

Shares of Jack in the Box stock opened at $39.34 on Friday. The business has a 50-day moving average of $40.04 and a 200 day moving average of $45.06. Jack in the Box has a 12 month low of $36.36 and a 12 month high of $76.56. The stock has a market capitalization of $741.97 million, a price-to-earnings ratio of -20.17, a price-to-earnings-growth ratio of 1.29 and a beta of 1.94.

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 Jack in the Box stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 16,815 shares in the company, valued at approximately $681,343.80. This trade represents a 9.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders have sold 2,190 shares of company stock worth $92,961. 1.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. DekaBank Deutsche Girozentrale purchased a new stake in shares of Jack in the Box in the third quarter valued at approximately $41,000. Quadrant Capital Group LLC boosted its stake in shares of Jack in the Box by 96.7% in the fourth quarter. Quadrant Capital Group LLC now owns 899 shares of the restaurant operator’s stock valued at $37,000 after buying an additional 442 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Jack in the Box in the fourth quarter valued at approximately $40,000. GAMMA Investing LLC boosted its stake in shares of Jack in the Box by 229.7% in the fourth quarter. GAMMA Investing LLC now owns 1,055 shares of the restaurant operator’s stock valued at $44,000 after buying an additional 735 shares in the last quarter. Finally, KBC Group NV boosted its stake in shares of Jack in the Box by 99.5% in the fourth quarter. KBC Group NV now owns 1,235 shares of the restaurant operator’s stock valued at $51,000 after buying an additional 616 shares in the last quarter. 99.79% of the stock is currently owned by hedge funds and other institutional investors.

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.