Barclays Raises PT and Estimates on Jack In The Box (JACK); Qdoba Stumbles, But Overall Good Outweighs Bad
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Price: $17.24 +3.86%
Rating Summary:
10 Buy, 19 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 6 | New: 26
Rating Summary:
10 Buy, 19 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 6 | New: 26
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Barclays maintains an 'Equalweight' on Jack In The Box (NASDAQ: JACK) price target raised $1 to $25.
Analyst, Jeffrey A. Bernstein, said, "The new JACK (post refranchising) has emphasis on a heavily franchised Jack brand and an accelerated Qdoba growth profile. Specific to 2QF12, we believe the good outweigh the bad, driven by the Jack brand, with comp and ultimately EPS ahead of expectations, aided by easing commodity inflation."
Bernstein did note the disappointment in Qdoba and the reduction in FY12 growth, but expects stronger overall outlook and raises FY12 EPS estimate from $1.35 to $1.43 and FY13 from $1.65 to $1.75.
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 $22.45 yesterday.
Analyst, Jeffrey A. Bernstein, said, "The new JACK (post refranchising) has emphasis on a heavily franchised Jack brand and an accelerated Qdoba growth profile. Specific to 2QF12, we believe the good outweigh the bad, driven by the Jack brand, with comp and ultimately EPS ahead of expectations, aided by easing commodity inflation."
Bernstein did note the disappointment in Qdoba and the reduction in FY12 growth, but expects stronger overall outlook and raises FY12 EPS estimate from $1.35 to $1.43 and FY13 from $1.65 to $1.75.
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 $22.45 yesterday.
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