Jack in the Box (NASDAQ:JACK) Price Target Lowered to $107.00 at Truist Financial

Jack in the Box (NASDAQ:JACKGet Rating) had its target price decreased by investment analysts at Truist Financial from $130.00 to $107.00 in a research note issued to investors on Friday, The Fly reports. Truist Financial’s price objective points to a potential upside of 62.61% from the stock’s current price.

Several other equities analysts have also recently issued reports on the company. Gordon Haskett cut Jack in the Box from a “buy” rating to a “hold” rating and set a $96.00 target price on the stock. in a research report on Monday, February 28th. Wedbush decreased their price target on Jack in the Box from $110.00 to $90.00 and set an “outperform” rating on the stock in a research note on Friday. Robert W. Baird decreased their price target on Jack in the Box from $92.00 to $77.00 in a research note on Friday. Oppenheimer decreased their price target on Jack in the Box from $115.00 to $107.00 and set an “outperform” rating on the stock in a research note on Tuesday. Finally, Cowen decreased their price target on Jack in the Box from $130.00 to $115.00 and set an “outperform” rating on the stock in a research note on Monday, February 7th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $103.09.

JACK stock traded down $3.07 during trading on Friday, hitting $65.80. The company had a trading volume of 6,749 shares, compared to its average volume of 457,540. The firm has a market cap of $1.38 billion, a PE ratio of 9.45, a price-to-earnings-growth ratio of 0.65 and a beta of 1.70. Jack in the Box has a 1-year low of $65.00 and a 1-year high of $122.70. The firm has a 50-day moving average price of $84.69 and a 200-day moving average price of $87.08.

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

In other news, Director Michael W. Murphy sold 859 shares of the company’s stock in a transaction on Thursday, March 10th. The stock was sold at an average price of $83.11, for a total transaction of $71,391.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Ancora Advisors LLC acquired a new stake in Jack in the Box in the 1st quarter valued at $25,000. Lazard Asset Management LLC boosted its position in Jack in the Box by 17.9% in the 4th quarter. Lazard Asset Management LLC now owns 743 shares of the restaurant operator’s stock valued at $64,000 after buying an additional 113 shares during the last quarter. Gladius Capital Management LP purchased a new position in Jack in the Box in the 4th quarter valued at about $73,000. US Asset Management LLC purchased a new position in Jack in the Box in the 1st quarter valued at about $80,000. Finally, Dark Forest Capital Management LP boosted its position in Jack in the Box by 677.2% in the 3rd quarter. Dark Forest Capital Management LP now owns 956 shares of the restaurant operator’s stock valued at $93,000 after buying an additional 833 shares during the last quarter. Hedge funds and other institutional investors own 99.09% of the company’s stock.

Jack in the Box Company Profile (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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