Jack in the Box Shares Up 4% Following Q3 Results
<p><a href='https://financialmodelingprep.com/financial-summary/JACK'>Jack in the Box (NASDAQ: JACK)</a> shares rose more than 4% on Thursday following the company’s reported Q3 results, with revenue of $398.3 million coming in better than the Street estimate of $383.74 million. EPS came in at $1.38, worse than the Street estimate of $1.45.</p>
<p>According to the analysts at RBC Capital, Q3 Jack brand comps proved better than expected, while commentary around intra-quarter sales momentum helped drive shares higher. </p>
<p>And while cost headwinds continue to pressure margins, progress against refranchising efforts and focus on efficiencies point to the potential upside. The analysts raised their price target to $90 from $84, while reiterating their outperform rating.</p>

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