Jack In The Box Inc. (JACK) Downgraded by Wedbush

Jack In The Box Inc. (NASDAQ:JACK) was downgraded by analysts at Wedbush from an “outperform” rating to a “neutral” rating in a research report issued to clients and investors on Monday. They presently have a $104.00 price target on the restaurant operator’s stock. Wedbush’s target price suggests a potential downside of 0.98% from the stock’s previous close.

Several other equities analysts have also recently commented on JACK. Jefferies Group LLC reiterated a “buy” rating and set a $120.00 target price on shares of Jack In The Box in a research note on Thursday, July 27th. BidaskClub upgraded Jack In The Box from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. Wells Fargo & Company reiterated an “outperform” rating and set a $125.00 target price on shares of Jack In The Box in a research note on Thursday, August 3rd. Robert W. Baird reduced their target price on Jack In The Box from $120.00 to $115.00 and set an “outperform” rating for the company in a research note on Tuesday, August 8th. Finally, Telsey Advisory Group reiterated a “market perform” rating on shares of Jack In The Box in a research note on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the stock. Jack In The Box currently has a consensus rating of “Buy” and an average target price of $112.31.

Jack In The Box (JACK) opened at $105.03 on Monday. The company has a market capitalization of $3,090.45, a P/E ratio of 25.13, a PEG ratio of 1.60 and a beta of 0.52. The company has a debt-to-equity ratio of -2.56, a quick ratio of 0.63 and a current ratio of 0.66. Jack In The Box has a one year low of $90.89 and a one year high of $113.30.

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In other Jack In The Box news, insider Frances L. Allen sold 530 shares of the stock in a transaction on Monday, November 6th. The stock was sold at an average price of $102.71, for a total value of $54,436.30. Following the sale, the insider now directly owns 10,979 shares of the company’s stock, valued at $1,127,653.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.10% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. California Public Employees Retirement System increased its position in Jack In The Box by 8.1% in the third quarter. California Public Employees Retirement System now owns 95,093 shares of the restaurant operator’s stock worth $9,692,000 after buying an additional 7,093 shares during the period. Janus Henderson Group PLC increased its position in Jack In The Box by 14.2% in the third quarter. Janus Henderson Group PLC now owns 623,109 shares of the restaurant operator’s stock worth $63,507,000 after buying an additional 77,557 shares during the period. Jane Street Group LLC increased its position in Jack In The Box by 124.0% in the third quarter. Jane Street Group LLC now owns 5,132 shares of the restaurant operator’s stock worth $523,000 after buying an additional 26,495 shares during the period. Vident Investment Advisory LLC acquired a new stake in Jack In The Box in the third quarter worth $203,000. Finally, Segall Bryant & Hamill LLC increased its position in Jack In The Box by 10.1% in the third quarter. Segall Bryant & Hamill LLC now owns 40,184 shares of the restaurant operator’s stock worth $4,096,000 after buying an additional 3,698 shares during the period. 96.05% of the stock is currently 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 quick-service restaurants (QSRs) and Qdoba Mexican Eats (Qdoba) fast-casual restaurants. The Company operates in two segments: Jack in the Box and Qdoba restaurant operations. Qdoba is a fast-casual Mexican food brand in the United States, offering food items including burritos, tacos, salads, and quesadillas.

Analyst Recommendations for Jack In The Box (NASDAQ:JACK)

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