Jack in the Box resumed with a Buy at BofA

BofA resumed coverage of Jack in the Box (JACK) with a Buy rating and $22 price target Jack in the Box, whose FY25 same-store sales growth reflects industry challenges from persistent traffic declines by lower-income consumers and a more recent slowdown among middle income consumers, faces added pressure from higher exposure to Hispanic consumers, the analyst tells investors. However, the company’s unchanged FY25 same-store sales growth guidance suggests the company has “given itself cushion” to manage through continued pressure, the analyst added.