Oppenheimer Maintains a Buy Rating on Jack In The Box Inc

In a report released today, Brian Bittner from Oppenheimer maintained a Buy rating on Jack In The Box Inc (NASDAQ: JACK), with a price target of $115. The company’s shares closed yesterday at $91.37.

Bittner wrote:

“Not big surprises in the 2Q print; call comes at 11:30am ET. Same-store-sales were in-line, have gotten a little better in the current quarter and mgmt maintained full-year EBITDA guidance. Investors still waiting on pro-forma financial targets past this year, and timing of its release likely to be conveyed on the call. We see ~$6+ of FCF as a solid base-case in ‘19E, expect room for improvements into ‘20E and beyond and believe the stock is particularly attractively at its discounted forward P/E. Call is at 11:30 AM on 5/17. Reiterate Outperform.”

According to TipRanks.com, Bittner is a 5-star analyst with an average return of 11.3% and a 68.4% success rate. Bittner covers the Services sector, focusing on stocks such as Restaurant Brands International, Cheesecake Factory, and Yum China Holdings.

Jack In The Box Inc has an analyst consensus of Moderate Buy, with a price target consensus of $102.44.

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The company has a one-year high of $110.21 and a one-year low of $79.30. Currently, Jack In The Box Inc has an average volume of 635.9K.

Based on the recent corporate insider activity of 110 insiders, corporate insider sentiment is negative on the stock.

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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.