Market Overview

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

Share:
Related JACK
Chipotle's E. Coli Disaster Was Qdoba's Gain, New Data Shows
CDC: 'No Causes Ruled Out' For Chipotle E. Coli Outbreaks; Stock Weak In Restaurant Sector
The Vetr community has upgraded $JACK to 3.5-Stars. (Vetr)

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
Jan 2016SunTrust Robinson HumphreyInitiates Coverage onNeutral
Nov 2015JefferiesMaintainsBuy
Nov 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)

View Comments and Join the Discussion!

Get Benzinga's Newsletters