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Jack In The Box (JACK) Receives a Buy from Wedbush

Wedbush analyst Nick Setyan maintained a Buy rating on Jack In The Box (JACKResearch Report) on February 11 and set a price target of $110.00. The company’s shares closed last Friday at $93.82.

According to TipRanks.com, Setyan is a 4-star analyst with an average return of 9.3% and a 52.2% success rate. Setyan covers the Services sector, focusing on stocks such as The ONE Group Hospitality, Papa John’s International, and Brinker International.

Currently, the analyst consensus on Jack In The Box is a Moderate Buy with an average price target of $105.85, implying a 13.3% upside from current levels. In a report issued on February 7, Cowen & Co. also maintained a Buy rating on the stock with a $115.00 price target.

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Based on Jack In The Box’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $278 million and net profit of $38.93 million. In comparison, last year the company earned revenue of $255 million and had a net profit of $37.85 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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