UBS Reaffirms Their Hold Rating on Jack In The Box (JACK)
In a report released today, Dennis Geiger from UBS maintained a Hold rating on Jack In The Box, with a price target of $23.00.
President's Day Sale - 70% Off
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Geiger covers the Consumer Cyclical sector, focusing on stocks such as Brinker International, Dutch Bros Inc, and CAVA Group, Inc.. According to TipRanks, Geiger has an average return of 3.0% and a 56.42% success rate on recommended stocks.
In addition to UBS, Jack In The Box also received a Hold from TipRanks – OpenAI’s OpenAI Restaurants in a report issued yesterday. However, on the same day, Oppenheimer maintained a Buy rating on Jack In The Box (NASDAQ: JACK).
Based on Jack In The Box’s latest earnings release for the quarter ending January 18, the company reported a quarterly revenue of $349.52 million and a net profit of $44.97 million. In comparison, last year the company earned a revenue of $469.44 million and had a net profit of $33.69 million
Based on the recent corporate insider activity of 66 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:
Disclaimer & DisclosureReport an Issue
- Jack in the Box price target raised to $24 from $23 at Citi
- 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
