Oppenheimer Upgrades Jack In The Box (JACK) to Outperform; Earnings Trajectory Could Build Above Street Projections
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Price: $38.81 +4.92%
Rating Summary:
7 Buy, 5 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 30
Rating Summary:
7 Buy, 5 Hold, 0 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 8 | Down: 12 | New: 30
Trade JACK Now!
Oppenheimer upgraded Jack In The Box (NASDAQ: JACK) to Outperform with a price target of $32.00.
Analyst, Brian Bittner, said, "We believe the Street under-appreciates improving store-level economics at both brands which could enable JACK's earnings trajectory to outpace expectations. JIB (85% of profits) continues to turn around owing to structural enhancements, and Qdoba (15% of profits) appears on the right path to enhance unit returns and lift investor confidence. Qdoba expectations are relatively constrained and could be a source of upside if core margin improvement continues, accretive franchisee acquisitions occur or new unit profits benefit from expansion into healthier newly acquired markets that remain underpenetrated."
"We increase our operating EPS for F12 and F13 to $1.12 and $1.53 from $1.10
and $1.40. We initiate a F14 EPS estimate of $1.85."
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 $25.36 yesterday, with a 52 week range of $18.25-$25.53.
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Analyst, Brian Bittner, said, "We believe the Street under-appreciates improving store-level economics at both brands which could enable JACK's earnings trajectory to outpace expectations. JIB (85% of profits) continues to turn around owing to structural enhancements, and Qdoba (15% of profits) appears on the right path to enhance unit returns and lift investor confidence. Qdoba expectations are relatively constrained and could be a source of upside if core margin improvement continues, accretive franchisee acquisitions occur or new unit profits benefit from expansion into healthier newly acquired markets that remain underpenetrated."
"We increase our operating EPS for F12 and F13 to $1.12 and $1.53 from $1.10
and $1.40. We initiate a F14 EPS estimate of $1.85."
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 $25.36 yesterday, with a 52 week range of $18.25-$25.53.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
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