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

Jack in the Box (NASDAQ:JACKGet Free Report) had its target price reduced by Truist Financial from $70.00 to $57.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the restaurant operator’s stock. Truist Financial’s target price suggests a potential upside of 21.33% from the company’s current price.

Other equities analysts have also recently issued reports about the company. The Goldman Sachs Group reduced their price target on Jack in the Box from $55.00 to $47.00 and set a “sell” rating for the company in a research report on Monday, October 21st. Bank of America increased their price target on shares of Jack in the Box from $72.00 to $73.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Piper Sandler reduced their price objective on shares of Jack in the Box from $56.00 to $53.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. TD Cowen reissued a “hold” rating and issued a $50.00 price target on shares of Jack in the Box in a report on Thursday. Finally, Royal Bank of Canada cut their price objective on Jack in the Box from $70.00 to $65.00 and set an “outperform” rating for the company in a report on Thursday. One analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $61.24.

Read Our Latest Analysis on JACK

Jack in the Box Trading Down 1.7 %

Shares of JACK stock traded down $0.82 during trading on Friday, reaching $46.98. 262,997 shares of the company’s stock traded hands, compared to its average volume of 514,409. The firm’s 50-day moving average is $46.28 and its 200 day moving average is $50.27. The company has a market capitalization of $898.73 million, a P/E ratio of -23.62, a PEG ratio of 1.06 and a beta of 1.93. Jack in the Box has a 1 year low of $40.84 and a 1 year high of $86.20.

Insiders Place Their Bets

In other Jack in the Box news, CFO Brian M. Scott sold 696 shares of the firm’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $48.66, for a total transaction of $33,867.36. Following the completion of the transaction, the chief financial officer now owns 13,201 shares of the company’s stock, valued at approximately $642,360.66. This trade represents a 5.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. DekaBank Deutsche Girozentrale bought a new stake in shares of Jack in the Box in the 3rd quarter worth $41,000. EntryPoint Capital LLC lifted its stake in Jack in the Box by 73.2% during the 1st quarter. EntryPoint Capital LLC now owns 866 shares of the restaurant operator’s stock valued at $59,000 after acquiring an additional 366 shares during the period. Point72 Asia Singapore Pte. Ltd. boosted its holdings in shares of Jack in the Box by 172.3% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,140 shares of the restaurant operator’s stock valued at $100,000 after acquiring an additional 1,354 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Jack in the Box during the 3rd quarter valued at $185,000. Finally, MML Investors Services LLC boosted its position in Jack in the Box by 20.3% in 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 last quarter. Hedge funds and other institutional investors own 99.79% of the company’s stock.

Jack in the Box Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Jack in the Box (NASDAQ:JACK)

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