Jack in the Box price target lowered to $27 from $44 at UBS

UBS analyst Dennis Geiger lowered the firm’s price target on Jack in the Box (JACK) to $27 from $44 and keeps a Neutral rating on the shares. Jack in the Box’s Q2 results and commentary highlighted ongoing sales pressures, with comps and adjusted EBITDA reflecting persisting consumer spending headwinds, particularly among lower income consumers, with pressure continuing into Q3, the analyst tells investors in a research note. As part of the “JACK on Track” plans, a block closure program will be implemented on top of the previously planned 1.5%-2.0% system closures for FY25 and 1% closures for FY26 and beyond, including 150-200 underperforming units, the firm says.