Jack in the Box Receives New Coverage from Analysts at UBS AG (JACK)
Stock analysts at UBS AG assumed coverage on shares of Jack in the Box (NASDAQ:JACK) in a report issued on Wednesday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock.
Shares of Jack in the Box (NASDAQ:JACK) traded down 1.14% on Wednesday, hitting $48.73. 384,178 shares of the company’s stock traded hands. Jack in the Box has a one year low of $28.34 and a one year high of $50.45. The stock has a 50-day moving average of $47.96 and a 200-day moving average of $42.2. The company has a market cap of $2.076 billion and a price-to-earnings ratio of 43.27.
Jack in the Box (NASDAQ:JACK) last posted its quarterly earnings results on Thursday, November 21st. The company reported $0.45 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.39 by $0.06. The company had revenue of $338.00 million for the quarter, compared to the consensus estimate of $336.28 million. During the same quarter last year, the company posted $0.27 earnings per share. Jack in the Box’s revenue was down 3.1% compared to the same quarter last year. Analysts expect that Jack in the Box will post $2.25 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Ned Davis Research upgraded shares of Jack in the Box from a “neutral” rating to a “buy” rating in a research note to investors on Monday. Finally, analysts at Wedbush upgraded shares of Jack in the Box from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, December 5th. They now have a $60.00 price target on the stock, up previously from $50.00. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Jack in the Box has a consensus rating of “Buy” and an average target price of $47.47.
Jack in the Box Inc operates and franchises more than 2,800 Jack in the Box quick-service restaurants (NASDAQ:JACK) and Qdoba Mexican Grill fast-casual restaurants.
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