Jack in the Box (NASDAQ:JACK – Get Rating) had its target price hoisted by analysts at Cowen from $70.00 to $80.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage currently has a “market perform” rating on the restaurant operator’s stock. Cowen’s target price suggests a potential downside of 6.32% from the stock’s current price.
Several other analysts have also weighed in on JACK. Royal Bank of Canada upped their target price on Jack in the Box from $84.00 to $90.00 and gave the company an “outperform” rating in a report on Thursday, August 11th. Morgan Stanley reduced their price objective on Jack in the Box from $81.00 to $79.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 11th. Deutsche Bank Aktiengesellschaft downgraded Jack in the Box from a “buy” rating to a “hold” rating and set a $88.00 price objective on the stock. in a research report on Tuesday, November 8th. Truist Financial reduced their price objective on Jack in the Box from $107.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday, August 11th. Finally, Guggenheim upped their price objective on Jack in the Box from $85.00 to $95.00 and gave the company a “buy” rating in a research report on Thursday, August 11th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Jack in the Box presently has an average rating of “Hold” and an average target price of $92.21.
Jack in the Box Stock Performance
Jack in the Box stock opened at $85.40 on Friday. The firm has a market capitalization of $1.80 billion, a price-to-earnings ratio of 16.75, a price-to-earnings-growth ratio of 0.77 and a beta of 1.66. Jack in the Box has a fifty-two week low of $54.80 and a fifty-two week high of $98.80. The stock’s fifty day moving average is $81.78 and its two-hundred day moving average is $75.29.
Institutional Investors Weigh In On Jack in the Box
About Jack in the Box
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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