Jack In The Box Inc (JACK) Receives a Rating Update from a Top Analyst

Oppenheimer analyst Brian Bittner maintained a Buy rating on Jack In The Box Inc (JACK) today and set a price target of $92. The company’s shares closed yesterday at $78.82.

Bittner observed:

“JACK produced a solid beat and mgmt reiterated guidance for ’19 across the board. SSS improved throughout the quarter and remains critical to driving a healthier valuation if JACK remains a public company. The strategic alternatives process remains ongoing and JACK will only pursure its leveraged recap if a sale does not occur. We adjust EPS estimates for a delayed recap but no major changes to EBITDA. Call is at 11:30 am on 2/21. Maintain Outperform.”

According to TipRanks.com, Bittner is a top 100 analyst with an average return of 11.4% and a 70.4% success rate. Bittner covers the Services sector, focusing on stocks such as Restaurant Brands International, Yum China Holdings, and McDonald’s Corp.

Jack In The Box Inc has an analyst consensus of Moderate Buy, with a price target consensus of $86.50.

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The company has a one-year high of $93.98 and a one-year low of $74.19. Currently, Jack In The Box Inc has an average volume of 615.1K.

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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 segments.

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