Buy Jack in the Box (JACK) on Confusion-Related Weakness - Oppenheimer

November 20, 2012 10:50 AM EST Send to a Friend
Get Alerts JACK Hot Sheet
Price: $96.69 --0%

Rating Summary:
    9 Buy, 7 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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Following the company's earnings report, analysts at Oppenheimer are advising investors to take advantage of confusion in Jack in the Box (Nasdaq: JACK) and buy the stock.

"We remain bullish and would buy on any weakness in the AM. Consistent with our thoughts, management now expects at least $2 of EPS by F14 (a year ahead of previous outlook). With F13 already well under way, this translates into a forward P/E of only 12x—one of the oddest and cheapest valuations in the group,” noted analyst Brian Bittner.

He thinks F13 operating guidance of $1.45 to $1.60 is "very healthy".

Oppenheimer has an Outperform rating on Jack In The Box (NASDAQ: JACK) with a price target of $32.00.

For an analyst ratings summary and ratings history on Jack In The Box click here. For more ratings news on Jack In The Box click here.

Shares of Jack In The Box closed at $26.26 yesterday.

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