Wedbush analyst Nick Setyan has just given Jack In The Box (NASDAQ: JACK) a major upgrade, moving the rating from Neutral to Outperform and increasing the price target from $79 to $88. __ This upgrade demonstrates Setyan’s confidence in the company’s future performance. __ Previously, Setyan had only maintained a Neutral rating on Jack In The Box but had raised the price target multiple times. __ The recent upgrade to an Outperform rating indicates Setyan’s more positive outlook on the stock‘s potential for growth and success in the coming months.
Jack in the Box Inc. (JACK) Stock Shows Positive Momentum Near 52-Week Low
On March 14, 2024, Jack in the Box Inc. (JACK) stock showed some positive momentum as it traded near the bottom of its 52-week range and below its 200-day simple moving average. JACK shares experienced a price increase of $0.45 since the market last closed, representing a 0.62% rise. The stock closed at $73.10, and in pre-market trading, it has risen by an additional $1.15. This increase in stock price is a positive sign for investors, as it indicates that there is some buying interest in JACK shares. However, investors should keep an eye on JACK’s performance throughout the day to see if this positive momentum continues. It will be interesting to see if the stock can maintain its gains and potentially break through its 200-day simple moving average.
Jack in the Box (JACK) Stock Shows Strong Performance on March 14, 2024: Total Revenue, Net Income, and EPS Increase Significantly
On March 14, 2024, Jack in the Box (JACK) stock had a strong performance based on the financial data provided by CNN Money. The total revenue for Jack in the Box for the past year was $1.69 billion, which is a 15.27% increase compared to the previous year. In the first quarter of 2024, the total revenue was $487.50 million, showing a significant 30.86% increase compared to the previous quarter. The net income for Jack in the Box for the past year was $130.83 million, a 12.99% increase compared to the previous year. In the first quarter of 2024, the net income was $38.68 million, showing a substantial 76.66% increase compared to the previous quarter. Earnings per share (EPS) for Jack in the Box for the past year was $6.30, a 15.61% increase compared to the previous year. In the first quarter of 2024, the EPS was $1.93, showing a significant 79.18% increase compared to the previous quarter. Overall, the financial performance of Jack in the Box on March 14, 2024, shows positive growth in total revenue, net income, and earnings per share. Investors may consider Jack in the Box as a potential investment opportunity based on its strong financial performance.
