Jack in the Box (NASDAQ:JACK) PT Lowered to $88.00

Jack in the Box (NASDAQ:JACKGet Rating) had its price objective cut by equities research analysts at Truist Financial from $100.00 to $88.00 in a note issued to investors on Wednesday, The Fly reports. Truist Financial’s price target would suggest a potential upside of 22.31% from the stock’s previous close.

Several other brokerages have also recently commented on JACK. Morgan Stanley dropped their price target on shares of Jack in the Box from $79.00 to $76.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Cowen boosted their price objective on Jack in the Box from $70.00 to $80.00 and gave the stock a “market perform” rating in a report on Friday, November 18th. Wedbush cut their price objective on Jack in the Box from $115.00 to $100.00 and set an “outperform” rating on the stock in a report on Wednesday. Credit Suisse Group cut their price objective on Jack in the Box from $84.00 to $73.00 and set an “underperform” rating on the stock in a report on Wednesday. Finally, Citigroup cut their price objective on Jack in the Box from $88.00 to $75.00 and set a “neutral” rating on the stock in a report on Wednesday. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $86.04.

Jack in the Box Trading Up 1.0 %

Shares of Jack in the Box stock opened at $71.95 on Wednesday. The company’s 50-day moving average price is $81.01 and its two-hundred day moving average price is $75.14. Jack in the Box has a 52 week low of $54.80 and a 52 week high of $96.87. The stock has a market cap of $1.52 billion, a PE ratio of 13.15, a price-to-earnings-growth ratio of 0.77 and a beta of 1.66.

Institutional Investors Weigh In On Jack in the Box

Several large investors have recently made changes to their positions in the company. Teachers Retirement System of The State of Kentucky bought a new stake in shares of Jack in the Box in the 3rd quarter valued at approximately $532,000. BNP Paribas Arbitrage SNC boosted its position in Jack in the Box by 19.5% during the third quarter. BNP Paribas Arbitrage SNC now owns 13,758 shares of the restaurant operator’s stock worth $1,019,000 after purchasing an additional 2,243 shares during the period. Alliancebernstein L.P. boosted its position in Jack in the Box by 4.6% during the third quarter. Alliancebernstein L.P. now owns 32,296 shares of the restaurant operator’s stock worth $2,392,000 after purchasing an additional 1,429 shares during the period. State Street Corp boosted its position in Jack in the Box by 1.0% during the third quarter. State Street Corp now owns 738,907 shares of the restaurant operator’s stock worth $54,731,000 after purchasing an additional 6,960 shares during the period. Finally, Thrivent Financial for Lutherans boosted its position in Jack in the Box by 5.3% during the third quarter. Thrivent Financial for Lutherans now owns 21,807 shares of the restaurant operator’s stock worth $1,615,000 after purchasing an additional 1,098 shares during the period. Institutional investors own 99.09% of the company’s stock.

About Jack in the Box

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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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