Royal Bank of Canada Cuts Jack in the Box (NASDAQ:JACK) Price Target to $45.00

Jack in the Box (NASDAQ:JACK - Get Free Report) had its price objective reduced by Royal Bank of Canada from $55.00 to $45.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has an "outperform" rating on the restaurant operator's stock. Royal Bank of Canada's target price indicates a potential upside of 17.07% from the company's current price.

Several other brokerages also recently weighed in on JACK. StockNews.com downgraded shares of Jack in the Box from a "hold" rating to a "sell" rating in a research note on Wednesday, January 15th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Jack in the Box from $51.00 to $46.00 and set a "hold" rating for the company in a report on Thursday, November 21st. UBS Group lowered their price target on shares of Jack in the Box from $50.00 to $44.00 and set a "neutral" rating for the company in a report on Tuesday, January 7th. Guggenheim lowered their price target on shares of Jack in the Box from $95.00 to $60.00 and set a "buy" rating for the company in a report on Wednesday, November 20th. Finally, Morgan Stanley lowered their price target on shares of Jack in the Box from $53.00 to $45.00 and set an "equal weight" rating for the company in a report on Tuesday, January 21st. One investment 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's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $49.56.

Jack in the Box Trading Down 0.5 %

JACK traded down $0.18 during trading hours on Wednesday, hitting $38.44. 690,484 shares of the company's stock were exchanged, compared to its average volume of 665,002. Jack in the Box has a 12-month low of $32.69 and a 12-month high of $76.56. The firm has a 50 day moving average of $39.51 and a 200 day moving average of $44.34. The firm has a market cap of $724.90 million, a P/E ratio of -19.71, a price-to-earnings-growth ratio of 1.29 and a beta of 1.94.

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

Insider Buying and Selling

In related news, SVP Sarah L. Super sold 1,688 shares of the stock in a transaction on 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 $681,343.80. This represents a 9.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 2,190 shares of company stock worth $92,961 in the last 90 days. Company insiders own 1.40% of the company's stock.

Institutional Trading of Jack in the Box

A number of large investors have recently bought and sold shares of JACK. Invenomic Capital Management LP acquired a new stake in Jack in the Box during the 3rd quarter worth $11,802,000. Raymond James Financial Inc. purchased a new position in Jack in the Box during the 4th quarter worth $7,655,000. IPG Investment Advisors LLC raised its position in Jack in the Box by 59.2% during the 4th quarter. IPG Investment Advisors LLC now owns 440,619 shares of the restaurant operator's stock worth $18,347,000 after buying an additional 163,834 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in Jack in the Box by 178.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 196,740 shares of the restaurant operator's stock worth $8,192,000 after buying an additional 126,101 shares during the last quarter. Finally, Woodline Partners LP purchased a new position in Jack in the Box during the 4th quarter worth $4,249,000. 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.