Jack in the Box (NASDAQ:JACK) PT Lowered to $92.00 at Oppenheimer

Jack in the Box (NASDAQ:JACKGet Rating) had its target price lowered by Oppenheimer from $107.00 to $92.00 in a note issued to investors on Wednesday, The Fly reports. Oppenheimer’s price objective would suggest a potential upside of 27.87% from the stock’s current price. Oppenheimer also issued estimates for Jack in the Box’s Q2 2023 earnings at $1.15 EPS.

JACK has been the topic of a number of other research reports. Wedbush lifted their price target on shares of Jack in the Box from $95.00 to $115.00 and gave the company an “outperform” rating in a research note on Monday, September 12th. They noted that the move was a valuation call. Royal Bank of Canada lifted their price target on shares of Jack in the Box from $84.00 to $90.00 and gave the company an “outperform” rating in a research note on Thursday, August 11th. Citigroup lifted their price target on shares of Jack in the Box to $88.00 in a research note on Thursday, November 17th. Morgan Stanley dropped their price target on shares of Jack in the Box from $81.00 to $79.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 11th. Finally, The Goldman Sachs Group lifted their target price on shares of Jack in the Box from $85.00 to $97.00 and gave the stock a “buy” rating in a research note on Thursday, August 11th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $86.04.

Jack in the Box Stock Performance

Jack in the Box stock opened at $71.95 on Wednesday. The company’s fifty day moving average price is $81.01 and its 200 day moving average price is $75.14. Jack in the Box has a 1 year low of $54.80 and a 1 year high of $96.87. The stock has a market capitalization of $1.52 billion, a P/E ratio of 13.15, a P/E/G ratio of 0.77 and a beta of 1.66.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of JACK. Capital World Investors purchased a new position in shares of Jack in the Box during the 1st quarter worth $98,706,000. BlackRock Inc. raised its holdings in shares of Jack in the Box by 36.3% during the 1st quarter. BlackRock Inc. now owns 3,284,343 shares of the restaurant operator’s stock worth $306,789,000 after acquiring an additional 874,419 shares during the period. Point72 Asset Management L.P. purchased a new stake in Jack in the Box in the 3rd quarter valued at about $55,268,000. Bank of America Corp DE raised its holdings in Jack in the Box by 6,023.1% in the 1st quarter. Bank of America Corp DE now owns 556,958 shares of the restaurant operator’s stock valued at $52,025,000 after buying an additional 547,862 shares during the period. Finally, Hawk Ridge Capital Management LP raised its holdings in Jack in the Box by 102.6% in the 1st quarter. Hawk Ridge Capital Management LP now owns 667,623 shares of the restaurant operator’s stock valued at $62,363,000 after buying an additional 338,068 shares during the period. Hedge funds and other institutional investors own 99.09% of the company’s stock.

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.

Further Reading

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

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