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Wedbush Thinks Jack In The Box Inc’s Stock is Going to Recover


Wedbush analyst Nick Setyan maintained a Buy rating on Jack In The Box Inc (NASDAQ: JACK) today and set a price target of $115. The company’s shares closed yesterday at $83.65, close to its 52-week low of $79.23.

According to TipRanks.com, Setyan is a 4-star analyst with an average return of 7.9% and a 63.0% success rate. Setyan covers the Services sector, focusing on stocks such as Del Taco Restaurants, Cheesecake Factory, and Habit Restaurants.

Jack In The Box Inc has an analyst consensus of Moderate Buy, with a price target consensus of $101.71.

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Jack In The Box Inc’s market cap is currently $2.28B and has a P/E ratio of 23.53. The company has a Price to Book ratio of -4.65.

Based on the recent corporate insider activity of 117 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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 and Qdoba Restaurant business segments.