NEW YORK (TheStreet) -- Jack in the Box (JACK) - Get Report  shares are spiking 5.79% to $83.63 on Thursday after Robert W. Baird upgraded the company to "outperform" from "neutral" and raised its price target to $95 from $80.

Similarly, Barclays upped its price target on the stock to $86 from $79 this morning. 

Analysts are bullish on the company's "prudent philosophy," which is to guide conservatively for the current quarter then beat and raise. 

Additionally, the company has been working on its portfolio strategy with the focus on accelerating Qdoba growth, leading analysts to be bullish. 

Based in San Diego, Jack in the Box operates and franchises Jack in the Box quick-service restaurants and Qdoba Mexican Eats fast-casual restaurants primarily in the U.S.

Separately, TheStreet Ratings currently has a "Hold" rating on the stock with a letter grade of C+.

The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, increase in net income and revenue growth. However, as a counter to these strengths, we also find weaknesses including poor profit margins, weak operating cash flow and a generally disappointing performance in the stock itself.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.

You can view the full analysis from the report here: JACK

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