Analyst target price
As of February 8, 2016, Jack in the Box (JACK) was trading at $72.7. The share price may have already priced in the estimates that we have discussed in the earlier articles. In this article, we will see analysts’ recommendations and estimated price targets over the next 12 months.
As of February 8, 2016, Wall Street analysts have a target share price of $92.64 over the next 12 months, which represents a return potential of 27.5% from the current $72.7. On the higher side, Nick Setyan from Wedbush Securities has estimated that the price will touch $105. On the lower side, Jake Bartlett from SunTrust Robinson Humphrey projects it to reach $82.
According to the Bloomberg consensus, out of 14 analysts, 50% have “buy” recommendations and 50% have “hold” recommendations. JACK’s share prices move in tandem with analysts’ recommendations. As the analysts raise their next-12-month target price, the share price of the stock may also increase, and vice versa.
A share price that is lower than the target price does not mean an automatic buy. Investors should carefully analyze the various metrics we discussed earlier before investing.
You can gain exposure to JACK by investing in the iShares Russell 2000 ETF (IWM), which invests 0.17% of its portfolio in JACK. IWM also invests 0.19% in Buffalo Wild Wings (BWLD), 0.18% in Texas Roadhouse (TXRH), and 0.16% in the Cheesecake Factory (CAKE).