Credit Suisse Boosts Price Target on Jack in the Box (JACK)

By admin | 6 years ago

Research analysts at Credit Suisse (NYSE: CS) lifted their target price on shares of Jack in the Box (NASDAQ: JACK) to $25.00 in a report released on Tuesday. The firm currently has a “neutral” rating on the stock.

Jack in the Box traded up 1.50% on Tuesday, hitting $25.74. Jack in the Box has a 1-year low of $18.25 and a 1-year high of $25.53. The company has a market cap of $1.138 billion and a price-to-earnings ratio of 15.66.

Jack in the Box last released its earnings data on Wednesday, May 16th. The company reported $0.27 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.23 by $0.04. Jack in the Box’s revenue was up .3% compared to the same quarter last year. Analysts expect that Jack in the Box will post $0.32 EPS next quarter.

JACK has been the subject of a number of other recent research reports. Analysts at Wedbush upgraded shares of Jack in the Box from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday. They now have a $25.00 price target on the stock. Separately, analysts at Bank of America (NYSE: BAC) raised their price target on shares of Jack in the Box from $18.00 to $21.00 in a research note to investors on Friday, May 18th. They now have an “underperform” rating on the stock. Finally, analysts at Barclays Capital (NYSE: BCS) reiterated an “equalweight” rating on shares of Jack in the Box in a research note to investors on Thursday, May 17th.

Jack in the Box Inc. is engaged in restaurant operations. It operates and franchises more than 2,700 Jack in the Box quick-service restaurants (QSR) and Qdoba Mexican Grill fast-casual restaurants.

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