Oppenheimer Reiterates Outperform on Jack in the Box (JACK) Ahead of 4Q Release

November 17, 2016 10:34 AM EST
Get Alerts JACK Hot Sheet
Price: $108.36 +0.97%

Rating Summary:
    13 Buy, 10 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Oppenheimer reiterated an Outperform rating and $115.00 price target on Jack In The Box (NASDAQ: JACK) ahead of the company's 4Q earnings report.

Analyst Brian Bittner commented, "With a scarcity for great ideas, JACK represents an attractive setup and one of our top picks. Our deep-dive analysis drives high confidence in our estimates which implies the stock lingers at a 25% discount to peers. This underappreciates the model's transformation and its top-notch capital returns. Our work supports: 1) a "solid" upcoming 4Q16 report (11/21), 2) a '17 EPS outlook that should bracket consensus with weaponry for upside, and 3) >$400M of EBITDA next year is achievable without above-average sales. Reiterate $115 price target."

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 $100.20 yesterday.

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