Jack in the Box price target lowered to $28 from $44 at Oppenheimer

Oppenheimer lowered the firm’s price target on Jack in the Box (JACK) to $28 from $44 and keeps an Outperform rating on the shares. The firm says that in the midst of a major restructuring strategy, Jack’s same-store sales continued to weaken and management reduced 2025 EBITDA guidance to $270M-$275M vs. Street’s $285M estimate. The sales slide is causing the company to quickly pivot towards more value-based strategies, while immediately providing new corporate marketing investments.