Wedbush Securit Upgrades Jack in the Box to Neutral (JACK)

By admin | 6 years ago

Jack in the Box (NASDAQ: JACK) was upgraded by research analysts at Wedbush Securit from an “underperform” rating to a “neutral” rating in a report released on Wednesday.

Shares of Jack in the Box opened at 25.86 on Wednesday. Jack in the Box has a 52 week low of $18.25 and a 52 week high of $26.06. The company has a market cap of $1.144 billion and a P/E ratio of 15.97.

Jack in the Box last announced its earnings results on Wednesday, May 16th. The company reported $0.27 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.23 by $0.04. The company’s quarterly revenue was up .3% on a year-over-year basis. On average, analysts predict that Jack in the Box will post $0.32 earnings per share next quarter.

Other equities research analysts have also recently issued reports about the stock. Analysts at Oppenheimer (NYSE: OPY) upgraded shares of Jack in the Box from a “market perform” rating to an “outperform” rating in a research note to investors on Wednesday. They now have a $32.00 price target on the stock. Separately, analysts at Credit Suisse (NYSE: CS) raised their price target on shares of Jack in the Box to $25.00 in a research note to investors on Tuesday. They now have a “neutral” rating on the stock. Finally, 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.

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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