Jack in the Box (JACK) is Reiterated by Jefferies to Buy, Raises Price Target to $ 121

Jack in the Box (JACK) was Reiterated by Jefferies to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 121 from a previous price target of $112 . Jefferies advised their investors in a research report released on Nov 25, 2016.

Many Wall Street Analysts have commented on Jack in the Box. Company shares were Reiterated by Barclays on Nov 22, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 98 from a previous price target of $96 .Goldman Initiated Jack in the Box on Oct 24, 2016 to “Sell”, Price Target of the shares are set at $88.

On the company’s financial health, Jack in the Box reported $1.03 EPS for the quarter, beating the analyst consensus estimate by $ 0.15 according to the earnings call on Nov 21, 2016. Analyst had a consensus of $0.88. The company had revenue of $398.42 million for the quarter, compared to analysts expectations of $398.58 million. The company’s revenue was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 EPS.

Jack in the Box closed down -0.87 points or -0.85% at $101.67 with 7,21,572 shares getting traded on Monday. Post opening the session at $102.21, the shares hit an intraday low of $100.82 and an intraday high of $102.56 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Nov 22, 2016, Carol A Diraimo (VP, INVESTOR REL & CORP COMM) sold 2,000 shares at $105.00 per share price. According to the SEC, on Nov 4, 2016, Frances L. Allen (JIB BRAND PRESIDENT) sold 530 shares at $94.03 per share price. On Sep 20, 2016, Jerry P Rebel (EXEC VP – CFO) sold 42,362 shares at $99.18 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

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