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

By Ryan Adsit

Jefferies analyst Andy Barish reiterated a Buy rating on Jack In The Box Inc (NASDAQ: JACK) on August 29 and set a price target of $120. The company’s shares opened today at $93.62, close to its 52-week high of $113.30.

According to TipRanks.com, Barish is a 4-star analyst with an average return of 6.8% and a 52.1% success rate. Barish covers the Services sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, Dave & Busters Entertainment, and Papa John’s International.

Currently, the analyst consensus on Jack In The Box Inc is Moderate Buy and the average price target is $116.71, representing a 24.7% upside.

In a report issued on August 28, Oppenheimer also reiterated a Buy rating on the stock with a $125 price target.

Based on Jack In The Box Inc’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $358 million and quarterly net profit of $36.35 million. In comparison, last year the company earned revenue of $369 million and had a net profit of $30.19 million.

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Jack in the Box, Inc. operates and franchises a chain of quick-service and fast-casual restaurants. It operates through the Jack in the Box and Qdoba Mexican Grill segments.