Jack in the Box (JACK): Raising PT To $115 - Oppenheimer

September 23, 2016 9:38 AM EDT
Get Alerts JACK Hot Sheet
Price: $108.27 -0.08%

Rating Summary:
    13 Buy, 10 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 24 | Down: 17 | New: 14
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Oppenheimer analyst, Brian Bittner, reiterated his Outperform rating on shares of Jack In The Box (NASDAQ: JACK) and raised his price target to $115 from $105 based on increased confidence in $400M+ EBITDA, an attractive operational setup, improving business structure and shrinking share count.

Following its credit amendment announcement on 9/22, JACK now has ~$600M of untapped debt capacity. The analyst believes that this, along with strong FCF ($125M+), upcoming refranchising proceeds and increased buybacks now shift the capital return story to full throttle.

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 $100.72 yesterday.

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