Jack in the Box (NASDAQ:JACK) PT Lowered to $75.00

Jack in the Box (NASDAQ:JACKGet Rating) had its price objective cut by investment analysts at Citigroup from $88.00 to $75.00 in a report released on Wednesday, The Fly reports. The firm currently has a “neutral” rating on the restaurant operator’s stock. Citigroup’s target price indicates a potential upside of 4.24% from the company’s previous close.

A number of other equities analysts also recently weighed in on JACK. Cowen boosted their price target on Jack in the Box from $70.00 to $80.00 and gave the stock a “market perform” rating in a research report on Friday, November 18th. Credit Suisse Group lowered their price target on Jack in the Box from $84.00 to $73.00 and set an “underperform” rating on the stock in a research report on Wednesday. Morgan Stanley lowered their price target 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. Barclays decreased their target price on Jack in the Box from $88.00 to $73.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Finally, Wolfe Research assumed coverage on Jack in the Box in a research report on Wednesday, September 21st. They issued a “peer perform” rating on the stock. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Jack in the Box has a consensus rating of “Hold” and an average target price of $86.04.

Jack in the Box Stock Up 1.0 %

Shares of NASDAQ JACK opened at $71.95 on Wednesday. The business’s 50 day moving average price is $81.01 and its two-hundred day moving average price is $75.14. The company has a market cap of $1.52 billion, a PE ratio of 13.15, a price-to-earnings-growth ratio of 0.77 and a beta of 1.66. Jack in the Box has a twelve month low of $54.80 and a twelve month high of $96.87.

Institutional Investors Weigh In On Jack in the Box

Several institutional investors have recently made changes to their positions in JACK. BlackRock Inc. lifted its stake in Jack in the Box by 36.3% during the first quarter. BlackRock Inc. now owns 3,284,343 shares of the restaurant operator’s stock worth $306,789,000 after purchasing an additional 874,419 shares during the last quarter. Vanguard Group Inc. lifted its stake in Jack in the Box by 0.4% during the third quarter. Vanguard Group Inc. now owns 2,337,186 shares of the restaurant operator’s stock worth $173,116,000 after purchasing an additional 10,379 shares during the last quarter. Capital World Investors bought a new stake in Jack in the Box during the first quarter worth $98,706,000. Allspring Global Investments Holdings LLC lifted its stake in Jack in the Box by 0.4% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,045,737 shares of the restaurant operator’s stock worth $58,623,000 after purchasing an additional 4,057 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in Jack in the Box during the third quarter worth $55,268,000. 99.09% of the stock is currently owned by institutional investors.

Jack in the Box Company Profile

(Get Rating)

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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