Jack in the Box Inc. (NASDAQ:JACK) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: October 17, 2016
Zacks Investment Research has downgraded Jack in the Box Inc. (NASDAQ:JACK) to Hold in a statement released on 10/17/2016.
On Tuesday October 04, 2016, Zacks Investment Research released a statement on Jack in the Box Inc. (NASDAQ:JACK) upped the target price from $0.00 to $107.00 that suggested an upside of 0.13%.
Having a price of $95.75, Jack in the Box Inc. (NASDAQ:JACK) traded 0.00% even on the day. With the last close up 11.01% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Jack in the Box Inc. has recorded a 50-day average of $97.66 and a two hundred day average of $85.95. Volume of trade was down over the average, with 0 shares of JACK changing hands under the typical 507,577
With a market cap of $0, Jack in the Box Inc. has 52 week low of $61.78 and a 52 week high of $102.68 with a P/E ratio of 29.02 .
In addition to Zacks Investment Research reporting its target price, a total of 13 firms have reported on the stock. The consensus target price is $92.38 with 6 firms rating the stock a strong buy, 4 firms rating the stock a buy, 6 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
Brief Synopsis On Jack in the Box Inc. (NASDAQ:JACK)
Jack in the Box Inc. is a restaurant company. The Company operates and franchises approximately 2,910 Jack in the Box quick-service restaurants (QSR) and Qdoba Mexican Eats fast-casual restaurants (Qdoba). Its segments are Jack in the Box and Qdoba Restaurant operations. It operates and franchises approximately 2,250 Jack in the Box restaurants, primarily in the western and southern United States, including one in Guam, over 660 Qdoba restaurants across the United States, and approximately four in Canada. Jack in the Box restaurants offer a range of products, including classic burgers, such as its Jumbo Jack, and new product lines, such as its Buttery Jack. Qdoba restaurants' menus feature Mexican-themed food items, including burritos, tacos, salads and quesadillas. Qdoba guests can customize their meals by adding 3-cheese queso, guacamole, and a range of sauces and salsas. It also offers tacos, regular and curly fries, specialty sandwiches, salads and real ice cream shakes.
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