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Investment analysts at Wedbush hoisted their price objective on shares of Jack in the Box (NASDAQ:JACK) from $68.00 to $75.00 in a note issued to investors on Friday. Wedbush’s price target would suggest a potential upside of 22.47% from the stock’s previous close.

Jack in the Box (NASDAQ:JACK) traded down 0.02% during mid-day trading on Friday, hitting $61.24. The stock had a trading volume of 716,497 shares. Jack in the Box has a one year low of $38.53 and a one year high of $62.90. The stock has a 50-day moving average of $58.57 and a 200-day moving average of $56.93. The company has a market cap of $2.390 billion and a P/E ratio of 27.58.

Jack in the Box (NASDAQ:JACK) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.07. The company had revenue of $348.50 million for the quarter, compared to the consensus estimate of $343.30 million. During the same quarter in the previous year, the company posted $0.41 earnings per share. The company’s revenue for the quarter was down .5% on a year-over-year basis. On average, analysts predict that Jack in the Box will post $2.39 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 2nd. Investors of record on Monday, August 18th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend is Thursday, August 14th.

A number of other firms have also recently commented on JACK. Analysts at Jefferies Group raised their price target on shares of Jack in the Box from $68.00 to $71.00 in a research note on Friday. Separately, analysts at Telsey Advisory Group raised their price target on shares of Jack in the Box from $58.00 to $72.00 in a research note on Friday. They now have a “not rated” rating on the stock. Finally, analysts at Buckingham Research raised their price target on shares of Jack in the Box from $61.00 to $64.00 in a research note on Thursday. They now have a “neutral” rating on the stock. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $64.80.

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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