Oppenheimer lowered the firm’s price target on Jack in the Box (JACK) to $22 from $27 and keeps an Outperform rating on the shares. The firm notes the company announced that its chairman, Mark King, is stepping into the role of interim CEO in place of Lance Tucker. Fundamentally, Jack in the Box announced that same-store sales trends are improving to “flattish” into fiscal Q3 and updated 2026 EBITDA guidance still solidly captures consensus estimates.
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Read More on JACK:
- Jack in the Box: Hold Rating Reaffirmed Amid Mixed Turnaround Progress and Leadership Transition Uncertainty
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