TipRanksStock Market NewsJACK NewsWedbush Keeps Their Buy Rating on Jack In The Box (JACK)

Wedbush Keeps Their Buy Rating on Jack In The Box (JACK)

Wedbush analyst Nick Setyan maintained a Buy rating on Jack In The Box (JACKResearch Report) today and set a price target of $95.00. The company’s shares closed yesterday at $81.09.

Setyan covers the Services sector, focusing on stocks such as Wingstop, Jack In The Box, and Wendy’s. According to TipRanks, Setyan has an average return of 6.7% and a 48.61% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Jack In The Box with a $84.07 average price target, implying a 3.67% upside from current levels. In a report released today, RBC Capital also maintained a Buy rating on the stock with a $90.00 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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