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Cowen & Co. Reaffirms Their Hold Rating on Jack In The Box (JACK)

In a report released today, Andrew Charles from Cowen & Co. maintained a Hold rating on Jack In The Box (JACKResearch Report), with a price target of $70.00. The company’s shares opened today at $81.75.

According to TipRanks, Charles is a 5-star analyst with an average return of 12.4% and a 62.40% success rate. Charles covers the Services sector, focusing on stocks such as Wingstop, Darden, and Jack In The Box.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Jack In The Box with a $87.94 average price target, which is a 7.57% upside from current levels. In a report released today, Barclays also maintained a Hold rating on the stock with a $88.00 price target.

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Based on Jack In The Box’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $322.29 million and a net profit of $7.8 million. In comparison, last year the company earned a revenue of $269.46 million and had a net profit of $40.03 million

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Jack in the Box, Inc. engages in operating and franchising a chain of quick-service and fast-casual restaurants. It operates through the Jack in the Box Restaurant segments. The Jack in the Box Restaurant segment offers a broad selection of distinctive products including burgers like Jumbo Jack burgers, and product lines such as Buttery Jack burgers including the Brunchfast menu. The company was founded by Robert Oscar Peterson in 1951 and is headquartered in San Diego, CA.

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