In a report released today, Brian Bittner from Oppenheimer maintained a Buy rating on Jack In The Box Inc (JACK), with a price target of $92. The company’s shares closed yesterday at $79.64, close to its 52-week low of $75.09.
Bittner observed:
“Against low expectations, JACK displayed positive 4Q SSS and installed ’19 earnings guidance that brackets consensus. For the call, investors will be focused on current SSS trends relative to mgmt’s 0-2% full-year guidance (no more quarterly guidance is anticipated). The stability of JACK’s new financial model is highlighted by the tightly guided EBITDA range, which makes valuation interesting given lack of downward revisions. This is particularly the case given the potential to return $1B to shareholders over next 4 years against a $2.2B market cap. Maintain Outperform.”
According to TipRanks.com, Bittner is a 5-star analyst with an average return of 11.1% and a 67.7% success rate. Bittner covers the Services sector, focusing on stocks such as Restaurant Brands International, Cheesecake Factory, and Yum China Holdings.
Currently, the analyst consensus on Jack In The Box Inc is a Moderate Buy with an average price target of $89.
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The company has a one-year high of $108.55 and a one-year low of $75.09. Currently, Jack In The Box Inc has an average volume of 536.6K.
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Jack in the Box, Inc. engages in operating and franchising a chain of quick-service and fast-casual restaurants. It operates through the Jack in the Box Restaurant and Qdoba Restaurant business segments.
