Jack In The Box Gets Price Target Bumps By Analysts After Upbeat Results
Portfolio Pulse from Lisa Levin
Jack In The Box reported Q2 FY23 sales growth of 22.8% YoY to $395.7 million, beating consensus estimates. Adjusted EPS of $1.47 also topped the consensus of $1.22. The company raised its FY23 operating EPS guidance, and several analysts increased their price targets on the stock.
May 18, 2023 | 12:55 pm
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Jack In The Box's Q2 sales and EPS beat estimates, leading to raised FY23 guidance and multiple analyst price target increases.
Jack In The Box reported better-than-expected Q2 results and raised its FY23 guidance, which is a positive signal for the company's performance. This has led to multiple analysts increasing their price targets on the stock, indicating a potential short-term positive impact on the stock price.
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