Wedbush Has Lowered Expectations for Jack in the Box (NASDAQ:JACK) Stock Price

Jack in the Box (NASDAQ:JACK) had its price target reduced by equities researchers at Wedbush from $60.00 to $50.00 in a report issued on Monday,Benzinga reports. The brokerage currently has an “outperform” rating on the restaurant operator’s stock. Wedbush’s price objective would suggest a potential upside of 8.62% from the stock’s previous close. Wedbush also issued estimates for Jack in the Box’s Q4 2024 earnings at $1.10 EPS, FY2024 earnings at $6.17 EPS, Q1 2025 earnings at $1.78 EPS, Q3 2025 earnings at $1.46 EPS and Q4 2025 earnings at $1.27 EPS.

Other analysts have also issued research reports about the stock. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Jack in the Box from $59.00 to $56.00 and set a “hold” rating on the stock in a research report on Wednesday, August 7th. The Goldman Sachs Group dropped their price target on shares of Jack in the Box from $55.00 to $47.00 and set a “sell” rating on the stock in a research report on Monday, October 21st. StockNews.com lowered shares of Jack in the Box from a “hold” rating to a “sell” rating in a research report on Wednesday, August 7th. Northcoast Research lowered shares of Jack in the Box from a “buy” rating to a “neutral” rating in a research report on Thursday, November 14th. Finally, Oppenheimer dropped their target price on shares of Jack in the Box from $70.00 to $60.00 and set an “outperform” rating on the stock in a research report on Friday, November 15th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Jack in the Box currently has a consensus rating of “Hold” and a consensus price target of $62.81.

Jack in the Box Stock Performance

JACK stock opened at $46.03 on Monday. The firm has a market cap of $880.37 million, a PE ratio of -23.13, a P/E/G ratio of 0.70 and a beta of 1.93. The firm’s fifty day moving average is $46.12 and its 200 day moving average is $50.32. Jack in the Box has a one year low of $40.84 and a one year high of $86.20.

Insider Transactions at Jack in the Box

In other Jack in the Box news, CFO Brian M. Scott sold 696 shares of Jack in the Box stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $48.66, for a total transaction of $33,867.36. Following the transaction, the chief financial officer now directly owns 13,201 shares of the company’s stock, valued at $642,360.66. The trade was a 5.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Jack in the Box

A number of institutional investors have recently bought and sold shares of JACK. DekaBank Deutsche Girozentrale purchased a new position in Jack in the Box during the third quarter worth about $41,000. EntryPoint Capital LLC raised its stake in Jack in the Box by 73.2% during the first quarter. EntryPoint Capital LLC now owns 866 shares of the restaurant operator’s stock worth $59,000 after purchasing an additional 366 shares during the period. Point72 Asia Singapore Pte. Ltd. raised its stake in Jack in the Box by 172.3% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,140 shares of the restaurant operator’s stock worth $100,000 after purchasing an additional 1,354 shares during the period. SG Americas Securities LLC purchased a new position in Jack in the Box during the third quarter worth about $185,000. Finally, MML Investors Services LLC raised its stake in Jack in the Box by 20.3% during the third quarter. MML Investors Services LLC now owns 4,852 shares of the restaurant operator’s stock worth $226,000 after purchasing an additional 819 shares during the period. 99.79% of the stock is owned by hedge funds and other institutional investors.

Jack in the Box Company Profile

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.