In a report released today, John Glass from Morgan Stanley maintained a Hold rating on Jack In The Box (JACK), with a price target of $80.00. The company’s shares closed last Friday at $81.91, close to its 52-week high of $93.12.
According to TipRanks.com, Glass is a 4-star analyst with an average return of 10.5% and a 63.5% success rate. Glass covers the Services sector, focusing on stocks such as Restaurant Brands International, Brinker International, and Red Robin Gourmet.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Jack In The Box with a $85.83 average price target, implying a 1.4% upside from current levels. In a report released today, Jefferies also maintained a Hold rating on the stock with a $90.00 price target.
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Jack In The Box’s market cap is currently $1.87B and has a P/E ratio of 38.10. The company has a Price to Book ratio of -2.04.
Based on the recent corporate insider activity of 130 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of JACK in relation to earlier this year.
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 segments. The Jack in the Box Restaurant segment offers a broad selection of distinctive products including burgers like Jumbo Jack burgers, and product lines such as Buttery Jack burgers including the Brunchfast menu. The company was founded by Robert Oscar Peterson in 1951 and is headquartered in San Diego, CA.
