Jack in the Box Given Consensus Recommendation of “Buy” by Analysts (NASDAQ:JACK)
Shares of Jack in the Box (NASDAQ:JACK) have earned a consensus recommendation of “Buy” from the sixteen brokerages that are currently covering the stock, Analyst RN reports. Four equities research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $57.76.
Shares of Jack in the Box (NASDAQ:JACK) opened at 55.31 on Friday. Jack in the Box has a 52 week low of $35.29 and a 52 week high of $62.90. The stock’s 50-day moving average is $58.69 and its 200-day moving average is $50.42. The company has a market cap of $2.317 billion and a P/E ratio of 39.59.
Jack in the Box (NASDAQ:JACK) last announced its earnings results on Wednesday, February 19th. The company reported $0.75 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.66 by $0.09. The company had revenue of $450.08 million for the quarter, compared to the consensus estimate of $435.43 million. On average, analysts predict that Jack in the Box will post $2.35 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Barclays raised their price target on shares of Jack in the Box from $54.00 to $62.00 in a research note on Tuesday, April 15th. They now have an “equal weight” rating on the stock. Separately, analysts at Wunderlich raised their price target on shares of Jack in the Box from $60.00 to $70.00 in a research note on Wednesday, April 2nd. They now have a “buy” rating on the stock. Finally, analysts at Zacks upgraded shares of Jack in the Box from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 1st. They now have a $63.70 price target on the stock.
Jack in the Box Inc is a restaurant company. The Company operates in two segments: Jack in the Box and Qdoba.
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