Jack in the Box Inc. (NASDAQ:JACK) was downgraded by equities research analysts at Vetr from a “buy” rating to a “hold” rating in a report released on Monday, Analyst Ratings Network.com reports. They currently have a $78.42 price target on the stock. Vetr‘s price objective suggests a potential upside of 0.85% from the stock’s current price.

In other Jack in the Box news, VP Carol A. Diraimo acquired 1,000 shares of the stock in a transaction on Monday, November 23rd. The shares were purchased at an average price of $74.99 per share, for a total transaction of $74,990.00. Following the completion of the acquisition, the vice president now owns 12,582 shares in the company, valued at approximately $943,524.18. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Leonard A. Comma sold 5,129 shares of the company’s stock in a transaction on Tuesday, November 24th. The stock was sold at an average price of $75.12, for a total transaction of $385,290.48. Following the transaction, the chief executive officer now owns 97,966 shares in the company, valued at approximately $7,359,205.92. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have added to or reduced their stakes in the company. Eagle Asset Management acquired a new position in Jack in the Box during the third quarter valued at $63,166,000. Boston Advisors increased its position in Jack in the Box by 27.8% in the fourth quarter. Boston Advisors now owns 110,715 shares of the company’s stock valued at $8,493,000 after buying an additional 24,080 shares during the last quarter. Finally, Assetmark acquired a new position in Jack in the Box during the third quarter valued at $0.

Other equities research analysts have also issued reports about the stock. SunTrust initiated coverage on shares of Jack in the Box in a research note on Tuesday, January 5th. They issued a “neutral” rating and a $82.00 price objective on the stock. Oppenheimer reaffirmed an “outperform” rating and issued a $95.00 price objective on shares of Jack in the Box in a research note on Monday, January 4th. TheStreet lowered shares of Jack in the Box from a “buy” rating to a “hold” rating in a research note on Wednesday, November 18th. Wedbush reaffirmed an “outperform” rating and issued a $105.00 price objective (down from $120.00) on shares of Jack in the Box in a research note on Wednesday, November 18th. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $95.00 price objective (down from $107.00) on shares of Jack in the Box in a research note on Wednesday, November 18th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $94.27.

Shares of Jack in the Box (NASDAQ:JACK) opened at 77.76 on Monday. The firm has a market capitalization of $2.78 billion and a price-to-earnings ratio of 27.27. The firm has a 50-day moving average of $75.84 and a 200 day moving average of $79.74. Jack in the Box has a 52 week low of $63.94 and a 52 week high of $99.99.

Jack in the Box (NASDAQ:JACK) last posted its earnings results on Tuesday, November 17th. The company reported $0.62 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.65 by $0.03. The business had revenue of $354.10 million for the quarter, compared to analysts’ expectations of $356.83 million. During the same quarter last year, the firm earned $0.54 earnings per share. Jack in the Box’s revenue was up 2.7% on a year-over-year basis. On average, equities analysts predict that Jack in the Box will post $3.63 earnings per share for the current fiscal year.

Jack in the Box Inc. (NASDAQ:JACK) is a restaurant company. The Company operates in two segments: Jack in the Box and Qdoba Restaurant Operations. It operates and franchises approximately 2,888 Jack in the Box quick-service restaurants (QSRs) and Qdoba Mexican Grill fast-casual restaurants. The Company’s Jack in the Box restaurants offer a selection of products targeted primarily at the adult fast-food consumer. Its menu features a variety of items, including hamburgers, tacos, specialty sandwiches, drinks, real ice cream shakes, salads and side items. The Company’s Qdoba restaurants feature fresh ingredients and Mexican flavors that combine to create a variety of flavors and products.

12 Month Chart for NASDAQ:JACK

To view Vetr’s full report, visit Vetr’s official website.

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