Positive Report for Jack In The Box Inc (JACK) from Wedbush
In a report released today, Nick Setyan from Wedbush upgraded Jack In The Box Inc (JACK) to Buy, with a price target of $105. The company’s shares closed yesterday at $86.97.
According to TipRanks.com, Setyan is a 4-star analyst with an average return of 4.2% and a 54.5% 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 Hold analyst consensus rating for Jack In The Box Inc with a $89.67 average price target.
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Based on Jack In The Box Inc’s latest earnings release for the quarter ending April 30, the company reported a quarterly net profit of $25.09 million. In comparison, last year the company had a net profit of $48.96 million.
Based on the recent corporate insider activity of 113 insiders, corporate insider sentiment is negative on the stock. Most recently, in May 2019, Carol Diraimo, the VP, CHIEF IR & CP COMM OFFICER of JACK sold 590 shares for a total of $48,392.
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.