Market Overview

UPDATE: KeyBanc Capital Markets Initiates Coverage of Jack in the Box with Buy Rating, $40 PT

Share:
Related JACK
Analyst: Greek Crisis An 'Opportunity' To Buy Europe, Biotech & SMID-Cap Discretionary
Top 10 Most Unhealthy Fast Food Chains In America
Wal-Mart Accused of Mislabeling Foreign Items as Made in US - Analyst Blog (Zacks)

In a report published Friday, KeyBanc Capital Markets initiated coverage of Jack in the Box (NASDAQ: JACK) with a Buy rating and a $40.00 price target.

KeyBanc noted, “We believe the Company is on track to essentially double its operating EPS by FY14, a year earlier than management is targeting $2.00 per share. Shares have improved in recent weeks as Jack in the Box continues to demonstrate SRS and profit improvements, but we believe share appreciation will continue as G&A is right-sized to fit the highly-franchised business model, the re-franchising program comes to a completion and Qdoba's brand awareness builds.”

Jack in the Box closed yesterday at $27.62.

Latest Ratings for JACK

DateFirmActionFromTo
May 2015BarclaysMaintainsEqual-weight
Apr 2015Longbow ResearchInitiates Coverage onNeutral
Feb 2015BarclaysMaintainsEqual-weight

View More Analyst Ratings for JACK
View the Latest Analyst Ratings

Posted-In: KeyBanc Capital MarketsAnalyst Color Initiation Analyst Ratings

 

Related Articles (JACK)

Around the Web, We're Loving...

Get Benzinga's Newsletters