Wedbush Starts Jack In The Box (JACK) at Underperform; Margin Opportunity Limited and Buybacks Slowing

Wedbush initiates coverage on Jack In The Box (NASDAQ: JACK) with an Underperform. PT $17.50.

Wedbush analyst said, "We believe that 1) expectations regarding Jack in the Box’ margin opportunity as refranchising nears completion could prove overly optimistic; 2) planned acceleration in Qdoba unit development may be more suitable when unit economics improve from current levels; and 3) meaningful buybacks in recent quarters cannot continue apace as proceeds from refranchising decline."

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 $21.74 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Increasing unusual call volume: CLBT JACK MSOX FRMM HTZ GO OMER LESL STNE KVUE AI UNM
• Axis Capital Limited Assumes Jubilant Foodworks Ltd (JUBI:IN) at Reduce (3)
• ICICI Securities Resumes Oberoi Realty Ltd (OBER:IN) at Buy (1)