Deutsche Bank Aktiengesellschaft Trims Jack in the Box (NASDAQ:JACK) Target Price to $86.00

Jack in the Box (NASDAQ:JACKGet Rating) had its target price reduced by investment analysts at Deutsche Bank Aktiengesellschaft from $108.00 to $86.00 in a research report issued on Friday, The Fly reports. Deutsche Bank Aktiengesellschaft’s price objective would suggest a potential upside of 24.87% from the stock’s previous close.

Other research analysts have also recently issued reports about the stock. Robert W. Baird dropped their target price on shares of Jack in the Box from $92.00 to $77.00 in a report on Friday. Citigroup assumed coverage on Jack in the Box in a research report on Tuesday, April 12th. They issued a “neutral” rating and a $104.00 price target for the company. StockNews.com assumed coverage on Jack in the Box in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Wedbush decreased their price target on shares of Jack in the Box from $110.00 to $90.00 in a research report on Friday. Finally, Cowen cut their price objective on shares of Jack in the Box from $130.00 to $115.00 and set an “outperform” rating on the stock in a research report on Monday, February 7th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $104.30.

NASDAQ:JACK opened at $68.87 on Friday. The stock has a market cap of $1.45 billion, a PE ratio of 9.81, a P/E/G ratio of 0.65 and a beta of 1.70. Jack in the Box has a 52 week low of $65.00 and a 52 week high of $122.70. The business’s 50-day simple moving average is $84.69 and its two-hundred day simple moving average is $87.08.

Jack in the Box (NASDAQ:JACKGet Rating) last released its earnings results on Thursday, May 26th. The restaurant operator reported $1.16 earnings per share for the quarter, missing the consensus estimate of $1.36 by ($0.20). The company had revenue of $322.29 million for the quarter, compared to the consensus estimate of $340.81 million. Jack in the Box had a net margin of 13.41% and a negative return on equity of 19.33%. The business’s revenue for the quarter was up 25.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.48 EPS. As a group, research analysts forecast that Jack in the Box will post 6.58 EPS for the current year.

In related news, Director Michael W. Murphy sold 859 shares of Jack in the Box stock in a transaction that occurred on Thursday, March 10th. The shares were sold at an average price of $83.11, for a total value of $71,391.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.10% of the stock is owned by company insiders.

Several institutional investors have recently modified their holdings of the company. Massachusetts Financial Services Co. MA acquired a new stake in shares of Jack in the Box in the fourth quarter valued at approximately $47,866,000. Guggenheim Capital LLC lifted its holdings in shares of Jack in the Box by 85.2% during the third quarter. Guggenheim Capital LLC now owns 14,937 shares of the restaurant operator’s stock worth $1,454,000 after purchasing an additional 6,872 shares during the period. New York State Teachers Retirement System boosted its holdings in shares of Jack in the Box by 8.0% in the fourth quarter. New York State Teachers Retirement System now owns 35,190 shares of the restaurant operator’s stock valued at $3,078,000 after acquiring an additional 2,611 shares in the last quarter. GSA Capital Partners LLP boosted its holdings in Jack in the Box by 15.2% in the 4th quarter. GSA Capital Partners LLP now owns 17,997 shares of the restaurant operator’s stock valued at $1,574,000 after purchasing an additional 2,380 shares in the last quarter. Finally, WINTON GROUP Ltd increased its position in Jack in the Box by 170.4% during the 4th quarter. WINTON GROUP Ltd now owns 20,699 shares of the restaurant operator’s stock worth $1,811,000 after purchasing an additional 13,044 shares during the period. Institutional investors and hedge funds own 99.09% of the company’s stock.

About Jack in the Box (Get Rating)

Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants. As of November 23, 2021, it operated and franchised approximately 2,200 Jack in the Box quick-service restaurants in 21 states and Guam. The company was founded in 1951 and is headquartered in San Diego, California.

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