RBC Capital lowered the firm’s price target on Jack in the Box (JACK) to $65 from $70 and keeps an Outperform rating on the shares. The company’s Q4 report and initial FY25 guidance were below expectations, but the risk/reward continues to be attractive, with the stock trading near post-COVID lows, the analyst tells investors in a research note. The management’s comps guidance seems achievable, with Jack in the Box segment tracking toward the high end quarter-to-date, RBC notes, adding that the firm was encouraged by new markets’ continued strong performance, a growing pipeline, and stable franchisee profitability, which should encourage further unit growth acceleration.
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Read More on JACK:
- Jack in the Box price target lowered to $46 from $51 at Deutsche Bank
- Jack in the Box announces five-unit development agreement in Detroit market
- Jack in the Box price target raised to $50 from $46 at Barclays
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
