Jack In The Box (JACK) PT, Estimates Raised at BofA/Merrill Lynch

BofA/Merrill Lynch analyst Joseph Buckley raised estimates and his price target on Buy-rated Jack In The Box (NASDAQ: JACK) to $81.00 (from $75.00) following solid quarter results.

The firm expects the more mature Jack in the Box to sell at a discount and fast growing Qdoba to trade at a premium to the QSR
restaurant sector.

The firm is raising raising EPS estimates for FY 2015 from $2.75 to $2.81 and raisin estimate for FY 2016 from $3.15 to $3.25.

Despite the hike, the firm no longer considers JACK a top restaurant pick given its stock performance.

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 $74.92 yesterday.

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