Jack in the Box (NASDAQ:JACK) Price Target Cut to $80.00

Jack in the Box (NASDAQ:JACK) had its price target trimmed by UBS Group from $97.00 to $80.00 in a research report report published on Thursday morning, Benzinga reports. The brokerage currently has a neutral rating on the restaurant operator’s stock.

A number of other equities research analysts have also weighed in on the stock. Bank of America assumed coverage on shares of Jack in the Box in a report on Thursday, October 5th. They set a buy rating and a $85.00 price target for the company. Morgan Stanley cut their price target on Jack in the Box from $99.00 to $80.00 and set an equal weight rating on the stock in a research note on Wednesday, October 11th. Loop Capital raised their price objective on Jack in the Box from $125.00 to $133.00 in a research note on Thursday, August 10th. Citigroup cut their target price on Jack in the Box from $114.00 to $103.00 and set a neutral rating on the stock in a research report on Thursday, August 10th. Finally, Royal Bank of Canada reissued an outperform rating and set a $110.00 price target on shares of Jack in the Box in a research report on Thursday, August 10th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of Hold and a consensus price target of $91.63.

Jack in the Box Stock Down 3.1 %

NASDAQ JACK opened at $68.62 on Thursday. The stock has a market cap of $1.38 billion, a PE ratio of 9.29, a P/E/G ratio of 0.84 and a beta of 1.74. The business has a 50 day moving average price of $67.30 and a two-hundred day moving average price of $82.60. Jack in the Box has a fifty-two week low of $60.43 and a fifty-two week high of $99.56.

Hedge Funds Weigh In On Jack in the Box

Several large investors have recently bought and sold shares of JACK. Ancora Advisors LLC acquired a new stake in shares of Jack in the Box in the 1st quarter worth approximately $25,000. Advisors Asset Management Inc. lifted its position in Jack in the Box by 102.6% in the fourth quarter. Advisors Asset Management Inc. now owns 468 shares of the restaurant operator’s stock worth $32,000 after purchasing an additional 237 shares during the period. Tower Research Capital LLC TRC boosted its stake in Jack in the Box by 45.8% during the 1st quarter. Tower Research Capital LLC TRC now owns 621 shares of the restaurant operator’s stock valued at $54,000 after purchasing an additional 195 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC acquired a new position in shares of Jack in the Box during the 3rd quarter valued at $66,000. Finally, Captrust Financial Advisors raised its stake in shares of Jack in the Box by 136.3% in the 2nd quarter. Captrust Financial Advisors now owns 1,512 shares of the restaurant operator’s stock worth $85,000 after buying an additional 872 shares in the last quarter. Institutional investors and hedge funds own 99.79% of the company’s stock.

Jack in the Box Company Profile

Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants. The company was founded in 1951 and is headquartered in San Diego, California.