Wedbush Upgrades Jack In The Box (JACK) to Neutral; Easing Commodity Costs Will Help
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Price: $17.03 -9.22%
Rating Summary:
10 Buy, 19 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
10 Buy, 19 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Wedbush upgraded Jack In The Box (NASDAQ: JACK) from Underperform to Neutral, price target raised from $21 to $25.
Analyst, Nick Setyan, said, "We believe JACK is positioned to benefit from a recent easing in industry-wide price-centric competition, as well as easing commodity costs in the near term. We believe JACK’s current valuation properly reflects improved JIB profitability, as well as continued Qdoba underperformance."
"Increasing our FY12 core EPS estimate to $1.10 from $1.06 to reflect our expectation of improved JIB unit-level profitability. This is in line with consensus Also increasing our FY13 core EPS estimate to $1.40 from $1.22 (cons. $1.45)."
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 $24.87 yesterday.
Analyst, Nick Setyan, said, "We believe JACK is positioned to benefit from a recent easing in industry-wide price-centric competition, as well as easing commodity costs in the near term. We believe JACK’s current valuation properly reflects improved JIB profitability, as well as continued Qdoba underperformance."
"Increasing our FY12 core EPS estimate to $1.10 from $1.06 to reflect our expectation of improved JIB unit-level profitability. This is in line with consensus Also increasing our FY13 core EPS estimate to $1.40 from $1.22 (cons. $1.45)."
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 $24.87 yesterday.
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