Wedbush analyst Nick Setyan maintained a Hold rating on Jack In The Box Inc (JACK) today and set a price target of $85. The company’s shares closed yesterday at $78.84.
According to TipRanks.com, Setyan is a 4-star analyst with an average return of 4.7% and a 57.8% success rate. Setyan covers the Services sector, focusing on stocks such as Dine Brands Global Inc, Del Taco Restaurants, and Cheesecake Factory.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Jack In The Box Inc with a $89.40 average price target, representing a 13.4% upside. In a report released yesterday, Barclays also maintained a Hold rating on the stock with a $86 price target.
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Based on Jack In The Box Inc’s latest earnings release for the quarter ending January 31, the company reported a quarterly net profit of $34.18 million. In comparison, last year the company had a net profit of $11.88 million.
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Jack in the Box, Inc. engages in operating and franchising a chain of quick-service and fast-casual restaurants. It operates through the Jack in the Box Restaurant segments.