Jack in the Box (NASDAQ:JACK) PT Raised to $88.00 at Citigroup

Jack in the Box (NASDAQ:JACKGet Rating) had its target price increased by investment analysts at Citigroup to $88.00 in a research note issued on Thursday, Stock Target Advisor reports. Citigroup’s price objective points to a potential upside of 3.04% from the stock’s current price.

A number of other brokerages have also recently issued reports on JACK. Deutsche Bank Aktiengesellschaft cut Jack in the Box from a “buy” rating to a “hold” rating and set a $88.00 target price for the company. in a research report on Tuesday, November 8th. Royal Bank of Canada upped their target price on Jack in the Box from $84.00 to $90.00 and gave the stock an “outperform” rating in a research report on Thursday, August 11th. Morgan Stanley decreased their target price on Jack in the Box from $81.00 to $79.00 and set an “equal weight” rating for the company in a research report on Tuesday, October 11th. Guggenheim upped their target price on Jack in the Box from $85.00 to $95.00 and gave the stock a “buy” rating in a research report on Thursday, August 11th. Finally, StockNews.com started coverage on Jack in the Box in a research report on Wednesday, October 12th. They set a “hold” rating for the company. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, Jack in the Box presently has a consensus rating of “Hold” and a consensus price target of $92.21.

Jack in the Box Stock Performance

NASDAQ:JACK opened at $85.40 on Thursday. The stock’s 50 day moving average price is $81.78 and its 200 day moving average price is $75.33. Jack in the Box has a 52 week low of $54.80 and a 52 week high of $98.80. The company has a market capitalization of $1.80 billion, a P/E ratio of 16.75, a P/E/G ratio of 0.77 and a beta of 1.66.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of JACK. Comerica Bank raised its stake in Jack in the Box by 47.8% during the first quarter. Comerica Bank now owns 25,293 shares of the restaurant operator’s stock worth $2,313,000 after acquiring an additional 8,178 shares in the last quarter. Granite Investment Partners LLC acquired a new stake in shares of Jack in the Box in the first quarter valued at $10,150,000. FinTrust Capital Advisors LLC increased its stake in shares of Jack in the Box by 577.3% in the first quarter. FinTrust Capital Advisors LLC now owns 1,314 shares of the restaurant operator’s stock valued at $123,000 after buying an additional 1,120 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Jack in the Box by 2.9% in the first quarter. Envestnet Asset Management Inc. now owns 59,826 shares of the restaurant operator’s stock valued at $5,588,000 after buying an additional 1,675 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in shares of Jack in the Box by 87.6% in the first quarter. Victory Capital Management Inc. now owns 134,492 shares of the restaurant operator’s stock valued at $11,131,000 after buying an additional 62,811 shares in the last quarter. 99.09% of the stock is currently owned by institutional investors and hedge funds.

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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