RBC Capital Keeps Their Buy Rating on Jack In The Box (JACK)

In a report released on January 22, Logan Reich from RBC Capital maintained a Buy rating on Jack In The Box, with a price target of $25.00. The company’s shares closed yesterday at $21.71.

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Reich covers the Consumer Cyclical sector, focusing on stocks such as Planet Fitness, Life Time Group Holdings, and Dutch Bros Inc. According to TipRanks, Reich has an average return of -6.1% and a 52.29% success rate on recommended stocks.

In addition to RBC Capital, Jack In The Box also received a Buy from Bank of America Securities’s Sara Senatore in a report issued on January 14. However, on January 20, Morgan Stanley maintained a Hold rating on Jack In The Box (NASDAQ: JACK).

Based on Jack In The Box’s latest earnings release for the quarter ending July 6, the company reported a quarterly revenue of $332.99 million and a net profit of $22.03 million. In comparison, last year the company earned a revenue of $369.17 million and had a GAAP net loss of $122.3 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, Alan Smolinisky, a Director at JACK bought 56,400.00 shares for a total of $450,000.00.