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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