Jefferies Lifts PT on Jack In The Box (JACK) to $37; EPS Ramp Materializing

February 22, 2013 7:44 AM EST
Get Alerts JACK Hot Sheet
Price: $108.19 -0.16%

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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Jefferies boosted its price target on Buy-rated Jack In The Box (NASDAQ: JACK) from $32 to $37 following solid Q4 results.

The firm comments, "We see meaningful upside to Street EPS and believe the valuation has plenty of room to expand from current 7.3x C13 & 6.5x F14 (Sep) EV/EBITDA. This is well below peers at 8.5x-12x & 8-11x, respectively. F1Q EPS (+115%) showed strong margin gains & demonstrated JACK's continued success executing its restructuring initiatives. Guide for F13 (+30%) & F14 (+29%) above Street & we believe is conservative."

The cut Q2 EPS from $0.36 to $0.30 but raised FY13 from $1.60 to $1.63.

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 $31.50 yesterday.

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