Jack In The Box Inc. (NASDAQ:JACK) Receives $27.89 Average PT from Analysts

Shares of Jack In The Box Inc. (NASDAQ:JACK) have been assigned an average recommendation of “Hold” from the twenty ratings firms that are presently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $27.8947.

JACK has been the topic of a number of recent research reports. Oppenheimer dropped their target price on Jack In The Box from $44.00 to $28.00 and set an “outperform” rating on the stock in a research report on Thursday, August 7th. Zacks Research raised shares of Jack In The Box from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 7th. Barclays reduced their target price on shares of Jack In The Box from $19.00 to $17.00 and set an “equal weight” rating for the company in a report on Wednesday, October 22nd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Jack In The Box in a report on Wednesday, October 8th. Finally, TD Cowen cut their price target on Jack In The Box from $25.00 to $21.00 and set a “hold” rating on the stock in a research report on Thursday, August 7th.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted its position in Jack In The Box by 45.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 389,327 shares of the restaurant operator’s stock worth $7,697,000 after purchasing an additional 121,752 shares in the last quarter. Hantz Financial Services Inc. boosted its holdings in Jack In The Box by 136.0% during the third quarter. Hantz Financial Services Inc. now owns 2,318 shares of the restaurant operator’s stock worth $46,000 after buying an additional 1,336 shares in the last quarter. Allianz Asset Management GmbH grew its position in Jack In The Box by 20.1% during the third quarter. Allianz Asset Management GmbH now owns 115,408 shares of the restaurant operator’s stock valued at $2,282,000 after buying an additional 19,329 shares during the period. New York State Common Retirement Fund increased its holdings in Jack In The Box by 90.2% in the third quarter. New York State Common Retirement Fund now owns 33,971 shares of the restaurant operator’s stock valued at $672,000 after buying an additional 16,111 shares in the last quarter. Finally, Quent Capital LLC acquired a new position in shares of Jack In The Box in the third quarter worth about $42,000. 99.79% of the stock is owned by institutional investors and hedge funds.

Jack In The Box Stock Performance

Jack In The Box stock opened at $14.99 on Friday. The business’s 50-day simple moving average is $18.26 and its two-hundred day simple moving average is $19.92. The company has a market cap of $283.06 million, a PE ratio of -4.34 and a beta of 1.20. Jack In The Box has a fifty-two week low of $14.88 and a fifty-two week high of $50.45.

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.