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Jack in the Box (JACK) Reports 4Q Results and 2016 Guidance; Jefferies Reiterates Buy

November 18, 2015 9:48 AM EST
Get Alerts JACK Hot Sheet
Price: $70.47 +2.77%

Rating Summary:
    14 Buy, 14 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 6 | Down: 3 | New: 1
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Jefferies reiterated a Buy rating and $107.00 price target on Jack In The Box (NASDAQ: JACK) following the company's 4Q earnings report. EPS of $0.62 hit the mid-point of guidance, but was below consensus estimates of $0.65. EPS guide for F16 introduced at $3.55-3.70, which is well-above the $3.54 consensus-estimate as SG&A continues to come down and underlying SSS momentum is expected to continue.

Analyst Alexander Slagle commented, "EPS (ex. refranch gains) of $0.62 hit the mid-point of guide but was below cons of $0.65 as JIB & Qdoba delivered inline SSS (6.2% & 6.6%) and store margins improved 200bps Y/Y. F16 EPS outlook introduced at $3.55-3.70 (+21% at midpt), well-above cons $3.54 as SG&A continues to come down and underlying SSS momentum is expected to continue (looking for 2-4%, which is relatively steady on a 2-yr basis). CC tomorrow at 11:30am ET."

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 $69.99 yesterday.



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