Jack In The Box (JACK) PT Lifted to $105 at Oppenheimer as Thesis Strengthens Following Results

Oppenheimer analyst Brian Bittner raised his price target on Jack In The Box (NASDAQ: JACK) to $105.00 (from $97.00), saying strong results after the close strengthens their Outperform thesis on the stock.

Bittner said the Sttreet's earnings estimates through '18 must begin playing catch-up, comps have just begun an attractive
acceleration cycle, capital returns will soon flex (additional leverage coming) and shares remain undervalued against "at least" $400M EBITDA.

In addition, 3Q comp were better than feared, EPS posted a large beat and '16 guidance was lifted (yet remains conservative).

The firm raised F16E EPS to $3.74 from $3.59 and left F17E unchanged at $4.62.

For an analyst ratings summary and ratings history on Jack In The Box click here. For more ratings news on Jack In The Box click here.

Shares of Jack In The Box closed at $87.73 yesterday.

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