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Fly News Breaks for February 18, 2016
JACK
Feb 18, 2016 | 07:08 EDT
Oppenheimer says the 19% decline in Jack in the Box's stock following its results is an overreaction, as the firm thinks that analysts' 2016 EPS estimates for the company will only fall 2%. The firm notes that Jack's comp sales dropped 3% in the first four weeks of the quarter, but says it faced a tough comp and notes that the period only included one week of a menu change. The firm keeps an $86 price target and Outperform rating.
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