Jack In The Box Inc. (NASDAQ:JACK) Receives $27.89 Consensus Target Price from Analysts

Jack In The Box Inc. (NASDAQ:JACK) has been given a consensus rating of “Hold” by the twenty analysts that are covering the company, Marketbeat.com reports. Three analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $27.8947.

JACK has been the subject of several recent analyst reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Jack In The Box in a research report on Wednesday, October 8th. Morgan Stanley set a $20.00 price target on shares of Jack In The Box in a research report on Tuesday, October 21st. Mizuho upgraded Jack In The Box to a “hold” rating in a research report on Tuesday, October 28th. TD Cowen decreased their target price on Jack In The Box from $25.00 to $21.00 and set a “hold” rating for the company in a research note on Thursday, August 7th. Finally, UBS Group dropped their price target on Jack In The Box from $27.00 to $22.00 and set a “neutral” rating on the stock in a research note on Monday, August 4th.

Hedge Funds Weigh In On Jack In The Box

Several large investors have recently bought and sold shares of JACK. Royal Bank of Canada boosted its holdings in Jack In The Box by 5.9% during the 1st quarter. Royal Bank of Canada now owns 12,035 shares of the restaurant operator’s stock valued at $327,000 after acquiring an additional 671 shares during the period. US Bancorp DE lifted its position in Jack In The Box by 96.7% in the third quarter. US Bancorp DE now owns 1,420 shares of the restaurant operator’s stock valued at $28,000 after purchasing an additional 698 shares during the last quarter. Principal Financial Group Inc. lifted its position in Jack In The Box by 0.9% in the first quarter. Principal Financial Group Inc. now owns 94,159 shares of the restaurant operator’s stock valued at $2,560,000 after purchasing an additional 824 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Jack In The Box by 165.5% during the third quarter. GAMMA Investing LLC now owns 1,341 shares of the restaurant operator’s stock valued at $27,000 after purchasing an additional 836 shares during the period. Finally, Hantz Financial Services Inc. grew its holdings in shares of Jack In The Box by 136.0% in the third quarter. Hantz Financial Services Inc. now owns 2,318 shares of the restaurant operator’s stock worth $46,000 after purchasing an additional 1,336 shares during the last quarter. 99.79% of the stock is currently owned by institutional investors.

Jack In The Box Stock Performance

NASDAQ:JACK opened at $15.20 on Friday. Jack In The Box has a fifty-two week low of $14.88 and a fifty-two week high of $50.45. The company has a 50 day simple moving average of $18.12 and a two-hundred day simple moving average of $19.85. The company has a market capitalization of $287.02 million, a PE ratio of -4.41 and a beta of 1.20.

Jack In The Box Company Profile

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.