Jack in the Box Inc. Reports Second Quarter FY 2016 Earnings; Updates Guidance for FY 2016; Declares Quarterly Cash Dividend
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UBS Raises Price Target on Jack in the Box (JACK) to $77; Reiterates Neutral
May 13, 2016 9:25 AM EDTUBS reiterated a Neutral rating on Jack In The Box (NASDAQ: JACK), and raised the price target to $77.00 (from $70.00), following the company's 2Q and conference call.
Analyst Keith Siegner commented, "On its F2Q call JACK sounded optimistic & provided better detail for a path to reach... More
Jack in the Box (JACK) Tops Q2 EPS by 15c
May 11, 2016 4:10 PM EDTJack in the Box (NASDAQ: JACK) reported Q2 EPS of $0.85, $0.15 better than the analyst estimate of $0.70. Revenue for the quarter came in at $361.15 million versus the consensus estimate of $360.22 million.
Jack in the Box system same-store sales were flat for the quarter, and lagged the QSR sandwich segment by 2.7 percentage points for the comparable period, according to The NPD Groups SalesTrack® Weekly for the 12-week time period ended April 10, 2016. Included in this segment are 16 of the top QSR sandwich and burger chains in the country. Company same-store sales decreased 1.0 percent, with average check up 1.4... More
