Barclays Reaffirms Their Hold Rating on Jack In The Box (JACK)
In a report released today, Jeff Bernstein from Barclays maintained a Hold rating on Jack In The Box, with a price target of $23.00.
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Bernstein covers the Consumer Cyclical sector, focusing on stocks such as Shake Shack, Darden Restaurants, and Restaurant Brands International. According to TipRanks, Bernstein has an average return of 4.0% and a 58.38% success rate on recommended stocks.
Jack In The Box has an analyst consensus of Hold, with a price target consensus of $20.32.
Based on Jack In The Box’s latest earnings release for the quarter ending September 28, the company reported a quarterly revenue of $326.19 million and a net profit of $5.8 million. In comparison, last year the company earned a revenue of $349.29 million and had a net profit of $21.94 million
Based on the recent corporate insider activity of 67 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of JACK in relation to earlier this year. Last month, Lance Tucker, the DIRECTOR & CEO of JACK sold 3,150.00 shares for a total of $68,764.50.
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- Jack in the Box price target raised to $23 from $17 at Piper Sandler
- Jack in the Box price target raised to $23 from $20 at Barclays
- Cautious on Jack in the Box: Traffic Headwinds, Margin Pressures, and Scale Constraints Justify Hold Rating
- Closing Bell Movers: Carvana sinks 16%, DoorDash jumps 13% after results
- Jack in the Box reports Q4 EPS $1.00, consensus $1.11
