Jack in the Box (JACK) is Reiterated by Wedbush to Outperform, Raises Price Target to $ 115

Jack in the Box (JACK) was Reiterated by Wedbush to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 115 from a previous price target of $110 . Wedbush advised their investors in a research report released on Aug 5, 2016.

Many Wall Street Analysts have commented on Jack in the Box. Company shares were Reiterated by Telsey Advisory Group on Jul 13, 2016 to “Outperform”, Firm has raised the Price Target to $ 105 from a previous price target of $85 .Company shares were Reiterated by UBS on Jun 3, 2016 to “Neutral”, Firm has raised the Price Target to $ 87 from a previous price target of $80 .Company shares were Upgraded by Robert W. Baird on May 26, 2016 to ” Outperform”, Firm has raised the Price Target to $ 95 from a previous price target of $80 .

On the company’s financial health, Jack in the Box reported $1.07 EPS for the quarter, beating the analyst consensus estimate by $ 0.20 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $0.87. The company had revenue of $368.94 million for the quarter, compared to analysts expectations of $367.04 million. The company’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.76 EPS.

Jack in the Box opened for trading at $95.74 and hit $98.85 on the upside on Thursday, eventually ending the session at $96.99, with a gain of 10.56% or 9.26 points. The heightened volatility saw the trading volume jump to 32,12,740 shares. Company has a market cap of $3,156 M.

In a different news, on Jun 3, 2016, Raymond Pepper (VP – GENERAL COUNSEL) sold 962 shares at $85.97 per share price. According to the SEC, on May 27, 2016, Paul D Melancon (SVP – FIN/CONTROLLER/TREASURER) sold 4,187 shares at $84.21 per share price. On May 13, 2016, Timothy P Casey (QDOBA BRAND PRESIDENT) sold 4,812 shares at $72.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Jack in the Box Inc. (JACK) is a restaurant company. The Company operates in two segments: Jack in the Box and Qdoba Restaurant Operations. It operates and franchises approximately 2888 Jack in the Box quick-service restaurants (QSRs) and Qdoba Mexican Grill fast-casual restaurants. The Company’s Jack in the Box restaurants offer a selection of products targeted primarily at the adult fast-food consumer. Its menu features a variety of items including hamburgers tacos specialty sandwiches drinks real ice cream shakes salads and side items. The Company’s Qdoba restaurants feature fresh ingredients and Mexican flavors that combine to create a variety of flavors and products.

Jack in the Box

Leave a Reply

Jack in the Box - Is it time to Sell?

Top Brokerage Firms are advising their investors on Jack in the Box. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.