Jack in the Box Inc. (NASDAQ:JACK) reported better-than-expected Q1 results.
Jack In The Box said sales climbed 52.9% year-on-year to $527.1 million, beating the consensus of $507.4 million. Adjusted EPS of $2.01 beat the consensus of $1.75.
Jack In The Box shares jumped 8.6% to close at $85.11 on Wednesday.
These analysts made changes to their price targets on Jack In The Box following the release of results.
- Cowen & Co. raised the price target on Jack In The Box from $80 to $87. Cowen & Co. analyst Andrew Charles maintained a Market Perform rating.
- Barclays boosted the price target on Jack In The Box from $73 to $84. Barclays analyst Jeffrey Bernstein maintained an Equal-Weight rating.
- Credit Suisse increased the price target on Jack In The Box from $73 to $80. Credit Suisse analyst Lauren Silberman maintained an Underperform rating.
- Wedbush boosted the price target on Jack In The Box from $82 to $92. Wedbush analyst Nick Setyan maintained the stock with a Neutral.
- RBC Capital boosted the price target on Jack In The Box from $80 to $95. RBC Capital analyst Christopher Carril maintained the stock with an Outperform.
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