Jack In The Box Inc. (NASDAQ:JACK) has been upgraded from Neutral to Buy in a statement by Suntrust Robinson earlier today.
- Updated: February 11, 2017
Suntrust Robinson has upgraded Jack In The Box Inc. (NASDAQ:JACK) from Neutral to Buy in a report released on Friday February 10, 2017.
Previously on 1/06/2017, Telsey Advisory released a statement about Jack In The Box Inc. (NASDAQ:JACK) increased the target price from $120.00 to $125.00. At the time, this indicated a possible upside of 0.16%.
Just yesterday Jack In The Box Inc. (NASDAQ:JACK) traded 3.10% higher at $108.56. Jack In The Box Inc.’s 50-day moving average is $108.64 and its 200-day moving average is $101.62. The last stock price is up 10.14% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.06% over the same time period. 736,641 shares of JACK traded hands, up from an average trading volume of 537,706
Recent Performance Chart
Jack In The Box Inc. has 52 week low of $61.78 and a 52 week high of $113.30 with a PE ratio of 30.78 and has a market capitalization of $0.
In addition to Suntrust Robinson reporting its target price, a total of 13 brokers have released a ratings update on JACK. The one year target is $92.38 with six brokerages rating the company a strong buy, four brokerages rating the company a buy, six analysts rating the company a hold, zero brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information About Jack In The Box Inc. (NASDAQ:JACK)
Jack in the Box Inc. operates and franchises Jack in the Box quick-service restaurants (QSRs) and Qdoba Mexican Eats (Qdoba) fast-casual restaurants. The Company operates in two segments: Jack in the Box and Qdoba restaurant operations. Qdoba is a fast-casual Mexican food brand in the United States, offering food items including burritos, tacos, salads, and quesadillas. Jack in the Box is a hamburger chain, which offers a selection of products, including classic burgers such as, Jumbo Jack burgers, and new product lines, such as Buttery Jack burgers, and its Brunchfast menu. As of October 2, 2016, the Company operated 2,954 Jack in the Box QSRs and Qdoba fast-casual restaurants. As of October 2, 2016, Jack in the Box system included 2,255restaurants, of which 417 were company-operated and 1,838 were franchise operated. As of October 2, 2016, the Qdoba system included 699 restaurants, of which 367 were company operated and 332 were franchise operated.
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