Jack in the Box (NASDAQ:JACK) Sets New 12-Month Low – What’s Next?

Shares of Jack in the Box Inc. (NASDAQ:JACK) hit a new 52-week low during trading on Tuesday . The stock traded as low as $32.69 and last traded at $34.14, with a volume of 301963 shares traded. The stock had previously closed at $36.78.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on JACK shares. Stifel Nicolaus dropped their target price on shares of Jack in the Box from $52.00 to $40.00 and set a “hold” rating on the stock in a research note on Friday, January 10th. Morgan Stanley reduced their price objective on 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. Truist Financial lowered their target price on Jack in the Box from $70.00 to $57.00 and set a “buy” rating on the stock in a research note on Friday, November 22nd. Guggenheim cut their price target on Jack in the Box from $95.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, November 20th. Finally, Northcoast Research cut Jack in the Box from a “buy” rating to a “neutral” rating in a research note on Thursday, November 14th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $52.13.

Jack in the Box Stock Performance

The firm has a market capitalization of $630.98 million, a P/E ratio of -17.20, a price-to-earnings-growth ratio of 1.29 and a beta of 1.94. The business has a 50 day simple moving average of $39.77 and a two-hundred day simple moving average of $44.74.

Insider Buying and Selling at Jack in the Box

In other 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 value of $68,397.76. Following the transaction, the senior vice president now owns 16,815 shares of the company’s stock, valued at $681,343.80. This represents a 9.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 2,190 shares of company stock worth $92,961 over the last three months. 1.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in JACK. PVG Asset Management Corp bought a new stake in Jack in the Box during the fourth quarter worth about $238,000. Public Employees Retirement System of Ohio purchased a new position in shares of Jack in the Box during the 4th quarter valued at about $40,000. Novem Group bought a new stake in Jack in the Box in the 4th quarter worth approximately $212,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Jack in the Box by 16.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 34,676 shares of the restaurant operator’s stock worth $1,444,000 after buying an additional 5,022 shares in the last quarter. Finally, Woodline Partners LP purchased a new stake in Jack in the Box in the fourth quarter worth approximately $4,249,000. 99.79% of the stock is currently owned by hedge funds and other institutional investors.

About Jack in the Box

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.