Wedbush Downgrades Jack in the Box (NASDAQ:JACK) to Neutral

Jack in the Box (NASDAQ:JACK) was downgraded by analysts at Wedbush from an “outperform” rating to a “neutral” rating in a research note issued to investors on Friday, MarketBeat Ratings reports. They presently have a $40.00 target price on the restaurant operator’s stock, down from their prior target price of $50.00. Wedbush’s price objective indicates a potential upside of 4.00% from the stock’s current price. Wedbush also issued estimates for Jack in the Box’s Q1 2025 earnings at $1.64 EPS, FY2025 earnings at $5.13 EPS, Q1 2026 earnings at $1.82 EPS and FY2026 earnings at $5.49 EPS.

Several other brokerages also recently commented on JACK. TD Cowen reissued a “hold” rating and issued a $50.00 target price on shares of Jack in the Box in a report on Thursday, November 21st. Northcoast Research downgraded Jack in the Box from a “buy” rating to a “neutral” rating in a report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft reduced their target price on Jack in the Box from $51.00 to $46.00 and set a “hold” rating on the stock in a report on Thursday, November 21st. Guggenheim reduced their target price on Jack in the Box from $95.00 to $60.00 and set a “buy” rating on the stock in a report on Wednesday, November 20th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $55.00 price objective on shares of Jack in the Box in a report on Thursday, January 16th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $52.13.

Jack in the Box Price Performance

Shares of JACK opened at $38.46 on Friday. The company has a market capitalization of $725.36 million, a P/E ratio of -19.72, a PEG ratio of 1.29 and a beta of 1.94. Jack in the Box has a one year low of $36.36 and a one year high of $76.56. The business’s 50 day simple moving average is $39.90 and its 200-day simple moving average is $44.90.

Insider Activity

In other news, SVP Sarah L. Super sold 1,688 shares of the stock in a transaction on Monday, December 23rd. The stock was 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold a total of 2,190 shares of company stock valued at $92,961 in the last 90 days. 1.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC increased its position 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 valued at $30,244,000 after buying an additional 25,881 shares in the last quarter. IPG Investment Advisors LLC increased its position in shares of Jack in the Box by 59.2% in the 4th quarter. IPG Investment Advisors LLC now owns 440,619 shares of the restaurant operator’s stock valued at $18,347,000 after buying an additional 163,834 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Jack in the Box by 12.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 436,361 shares of the restaurant operator’s stock valued at $18,170,000 after buying an additional 47,851 shares in the last quarter. Invenomic Capital Management LP increased its position in shares of Jack in the Box by 40.7% in the 4th quarter. Invenomic Capital Management LP now owns 356,757 shares of the restaurant operator’s stock valued at $14,855,000 after buying an additional 103,176 shares in the last quarter. Finally, Clearline Capital LP increased its position in shares of Jack in the Box by 4.1% in the 3rd quarter. Clearline Capital LP now owns 260,730 shares of the restaurant operator’s stock valued at $12,134,000 after buying an additional 10,304 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 and Del Taco quick-service restaurants in the United States. The company was founded in 1951 and is headquartered in San Diego, California.