Jack In The Box Gets Price Target Bumps By Analysts After Upbeat Results

Jack In The Box Inc JACK reported upbeat results for its second quarter.

Jack In The Box reported second-quarter FY23 sales growth of 22.8% year-on-year to $395.7 million, beating the consensus of $385.39 million. Adjusted EPS of $1.47 topped the consensus of $1.22.

Jack In The Box raised FY23 operating EPS guidance from $5.25 - $5.65 to $5.90 - $6.10 versus the consensus of $5.89.

Jack In The Box shares gained 0.3% to close at $95.56 on Wednesday.

These analysts made changes to their price targets on Jack In The Box following earnings announcement.

• Barclays raised the price target on Jack In The Box from $84 to $99. Barclays analyst Jeffrey Bernstein maintained an Equal-Weight rating.
• Credit Suisse lifted the price target on Jack In The Box from $80 to $88. Credit Suisse analyst Lauren Silberman maintained an Underperform rating
• Citigroup raised Jack In The Box price target from $97 to $102. Citigroup analyst Jon Tower maintained a Neutral rating.
• Baird raised Jack In The Box price target from $88 to $100. Baird analyst David Tarantino maintained a Neutral rating.
• Morgan Stanley boosted Jack In The Box price target from $90 to $96. Morgan Stanley analyst Brian Harbour maintained the stock with an Equal-Weight.
• Stifel increased Jack In The Box price target from $86 to $98. Stifel analyst Chris O'Cull maintained the stock with a Hold.

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