Jack in the Box (JACK): Raising PT Before Valuation Catches Up To Growth - Jefferies

November 25, 2016 8:11 AM EST
Get Alerts JACK Hot Sheet
Price: $107.69 +0.11%

Rating Summary:
    13 Buy, 10 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 11 | Down: 21 | New: 54
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Jefferies analyst, Alexander Stagle, reiterated his Buy rating on shares of Jack In The Box (NASDAQ: JACK) after F4Q EPS upside was significant. The analyst was particularly impressed by SSS trends at both brands, which came in better than feared in a difficult competitive environment, as menu innovation continues to move the needle.

F1Q SSS is expected to be up MSD, which represents some of the best performance in the entire industry. Despite delivering some of the best SSS & EPS growth in the industry, shares trade at just 11.5x C17 EBITDA vs peers at 12-20x.

The price target increases to $121 from $112.

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 $107.63 yesterday.

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