Royal Bank of Canada Lowers Jack in the Box (NASDAQ:JACK) Price Target to $45.00

Jack in the Box (NASDAQ:JACK) had its price target cut by investment analysts at Royal Bank of Canada from $55.00 to $45.00 in a report released on Wednesday,Benzinga reports. The firm currently has an “outperform” rating on the restaurant operator’s stock. Royal Bank of Canada’s price target points to a potential upside of 16.52% from the stock’s current price.

A number of other equities analysts have also recently commented on JACK. UBS Group lowered their price target on Jack in the Box from $50.00 to $44.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. Oppenheimer lowered their target price on Jack in the Box from $60.00 to $52.00 and set an “outperform” rating for the company in a research note on Tuesday, January 7th. TD Securities restated a “hold” rating and issued a $42.00 price target on shares of Jack in the Box in a research note on Wednesday. Wedbush cut shares of Jack in the Box from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $50.00 to $40.00 in a research report on Friday, February 21st. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Jack in the Box from $51.00 to $46.00 and set a “hold” rating for the company in a research note on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Jack in the Box presently has a consensus rating of “Hold” and a consensus price target of $49.56.

Jack in the Box Stock Up 1.8 %

JACK opened at $38.62 on Wednesday. Jack in the Box has a twelve month low of $32.69 and a twelve month high of $76.56. The stock has a market capitalization of $728.22 million, a price-to-earnings ratio of -19.81, a P/E/G ratio of 1.29 and a beta of 1.94. The company has a 50-day simple moving average of $39.55 and a 200 day simple moving average of $44.52.

Jack in the Box (NASDAQ:JACK) last issued its quarterly earnings results on Tuesday, February 25th. The restaurant operator reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.71 by $0.21. The company had revenue of $469.44 million during the quarter, compared to the consensus estimate 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%. Sell-side analysts anticipate that Jack in the Box will post 5.33 EPS for the current fiscal year.

Insider Transactions at Jack in the Box

In other Jack in the Box news, SVP Sarah L. Super sold 1,688 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The shares were 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 owns 16,815 shares in the company, valued at approximately $681,343.80. This trade represents a 9.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold 2,190 shares of company stock worth $92,961 over the last ninety days. 1.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Jack in the Box

Several large investors have recently modified their holdings of JACK. DekaBank Deutsche Girozentrale acquired a new position in Jack in the Box in the third quarter valued at $41,000. Emerald Advisers LLC raised its position in shares of Jack in the Box by 2.9% in 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 in the last quarter. Access Investment Management LLC acquired a new position in shares of Jack in the Box in the 3rd quarter valued at about $1,475,000. GSA Capital Partners LLP bought a new stake in shares of Jack in the Box during the 3rd quarter valued at about $229,000. Finally, Aigen Investment Management LP boosted its position 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 valued at $1,018,000 after purchasing an additional 15,409 shares in the last quarter. 99.79% of the stock is currently owned by institutional investors and hedge funds.

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.