Guggenheim Reaffirms Buy Rating for Jack in the Box (NASDAQ:JACK)

Jack in the Box (NASDAQ:JACK - Get Free Report)'s stock had its "buy" rating reiterated by research analysts at Guggenheim in a research report issued to clients and investors on Thursday,Benzinga reports. They currently have a $55.00 target price on the restaurant operator's stock. Guggenheim's price target would indicate a potential upside of 53.55% from the stock's previous close.

JACK has been the topic of several other research reports. TD Securities reaffirmed a "hold" rating and issued a $42.00 target price on shares of Jack in the Box in a report on Wednesday, February 26th. Piper Sandler reduced their price objective on shares of Jack in the Box from $56.00 to $53.00 and set a "neutral" rating on the stock in a report on Wednesday, October 30th. Morgan Stanley lowered their target price on shares of Jack in the Box from $53.00 to $45.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 21st. Royal Bank of Canada dropped their target price on Jack in the Box from $55.00 to $45.00 and set an "outperform" rating on the stock in a report on Wednesday, February 26th. Finally, Northcoast Research downgraded Jack in the Box from a "buy" rating to a "neutral" rating in a report on Thursday, November 14th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $49.56.

Jack in the Box Stock Performance

Shares of NASDAQ:JACK traded down $2.62 during trading on Thursday, hitting $35.82. The company's stock had a trading volume of 848,950 shares, compared to its average volume of 669,594. Jack in the Box has a fifty-two week low of $32.69 and a fifty-two week high of $76.56. The business has a 50 day moving average price of $39.51 and a two-hundred day moving average price of $44.28. The company has a market capitalization of $675.49 million, a PE ratio of -18.37, a P/E/G ratio of 1.29 and a beta of 1.94.

Jack in the Box (NASDAQ:JACK - Get Free Report) last released its earnings results on Tuesday, February 25th. The restaurant operator reported $1.92 EPS for the quarter, topping the consensus estimate of $1.71 by $0.21. The firm had revenue of $469.44 million during the quarter, compared to analysts' expectations of $470.47 million. Jack in the Box had a negative return on equity of 15.79% and a negative net margin of 2.34%. As a group, equities analysts expect that Jack in the Box will post 5.33 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Sarah L. Super sold 1,688 shares of the stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $40.52, for a total transaction of $68,397.76. Following the completion of the sale, the senior vice president now owns 16,815 shares in the company, valued at approximately $681,343.80. This represents a 9.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last three months, insiders have sold 2,190 shares of company stock valued at $92,961. Insiders own 1.40% of the company's stock.

Hedge Funds Weigh In On Jack in the Box

Several institutional investors have recently added to or reduced their stakes in JACK. Aigen Investment Management LP grew its stake in shares of Jack in the Box by 238.5% in the 3rd quarter. Aigen Investment Management LP now owns 21,869 shares of the restaurant operator's stock valued at $1,018,000 after purchasing an additional 15,409 shares during the last quarter. Barclays PLC grew its position in Jack in the Box by 70.9% in the 3rd quarter. Barclays PLC now owns 216,117 shares of the restaurant operator's stock valued at $10,060,000 after buying an additional 89,649 shares during the last quarter. Biglari Sardar increased its stake in Jack in the Box by 14.2% in the 3rd quarter. Biglari Sardar now owns 96,717 shares of the restaurant operator's stock valued at $4,501,000 after buying an additional 12,000 shares during the period. Access Investment Management LLC purchased a new position in Jack in the Box during the 3rd quarter worth $1,475,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Jack in the Box by 3.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 738,297 shares of the restaurant operator's stock worth $30,244,000 after acquiring an additional 25,881 shares during the period. 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 and Del Taco quick-service restaurants in the United States. The company was founded in 1951 and is headquartered in San Diego, California.