Jack In The Box (JACK) Gets a Hold from Truist Financial
Truist Financial analyst Jake Bartlett maintained a Hold rating on Jack In The Box today and set a price target of $18.00.
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Bartlett covers the Consumer Cyclical sector, focusing on stocks such as Shake Shack, Cracker Barrel, and Darden Restaurants. According to TipRanks, Bartlett has an average return of 11.7% and a 58.92% success rate on recommended stocks.
In addition to Truist Financial, Jack In The Box also received a Hold from Citi’s Jon Tower in a report issued today. However, yesterday, RBC Capital reiterated a Buy rating on Jack In The Box (NASDAQ: JACK).
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.
Read More on JACK:
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