5 Best Fast Food Stocks To Buy According to Analysts

2. Jack in the Box Inc. (NASDAQ:JACK)

Average Analyst Share Price Upside: 45.21%

Average Analyst Share Price Target: $86.47

Founded in 1951 by Robert O. Peterson in San Diego, California, Jack in the Box Inc. (NASDAQ: JACK) is an American fast-food restaurant chain headquartered in the same city. With over 2,200 locations, it primarily serves the West Coast of the United States.

In March 2024, Jack in the Box Inc. (NASDAQ: JACK) received positive news when Wedbush upgraded its share rating from Neutral to Outperform and raised the share price target to $88 from $79.

Among the 933 hedge funds tracked by Insider Monkey’s Q4 2023 database, 21 had acquired and held shares of the company. The largest hedge fund shareholder of Jack in the Box Inc. (NASDAQ: JACK) in the database is Arrowstreet Capital, led by Peter Rathjens, Bruce Clarke, and John Campbell, with a $30.2 million investment.