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JACK

Jack in the Box

$88.57

5.04 (6.03%)

, SONC

Sonic

$43.46

(0.00%)

07:29
11/30/18
11/30
07:29
11/30/18
07:29

Jack in the Box 'largely fully valued' at current levels, says Wedbush

Following a Reuters report that Jack in the Box (JACK) is exploring a sale, Wedbush analyst Nick Setyan says he does not expect any offers to approach Sonic's (SONC) multiple, telling investors in a research note that he believes Jack in the Box, at current levels, is largely fully valued. He maintains a Neutral rating and $85 price target.

JACK

Jack in the Box

$88.57

5.04 (6.03%)

SONC

Sonic

$43.46

(0.00%)

  • 04

    Dec

  • 14

    Dec

JACK Jack in the Box
$88.57

5.04 (6.03%)

11/29/18
BARD
11/29/18
NO CHANGE
Target $98
BARD
Outperform
Jack in the Box could be worth $115 per share in buyout scenario, says Baird
After Reuters reported earlier today that Jack in the Box (JACK) is exploring options that could include a sale of the company, Baird analyst David Tarantino said he would not rule out the possibility of a sale and "at a minimum" the speculation should help put a floor under the stock in the short run. He sees Sonic (SONC), which has agreed to be bought by Inspire Brands, as the closest comparable to Jack in the Box. The analyst noted that at a similar EBITDA multiple as Inspire agreed to pay, Jack would be worth roughly $115 per share. Tarantino has an Outperform rating on Jack in the Box with a $98 price target.
11/14/18
OPCO
11/14/18
NO CHANGE
Target $92
OPCO
Outperform
Jack in the Box price target lowered to $92 from $105 at Oppenheimer
Oppenheimer analyst Brian Bittner lowered his price target for Jack in the Box (JACK) to $92 form $105 as he expects a sales miss against sell-side's stale Q4 estimates, particularly after analyzing the slower recent trends across the Restaurant Brands (QSR) peers. The analyst notes that this appears reflected in buyside expectations given stock's underperformance since last print and a valuation that sits lowest in his coverage universe. He reiterates an Outperform rating on the shares.
11/02/18
OTRG
11/02/18
UPGRADE
OTRG
Positive
Jack in the Box upgraded to Positive from Mixed at OTR Global
10/26/18
10/26/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Colgate-Palmolive (CL) downgraded to Hold from Buy at SunTrust with analyst William Chappell citing "another disappointing" quarterly result this morning. 2. Cerner (CERN) downgraded to Sector Perform from Outperform at RBC Capital with analyst George Hill saying the slowing market for health care information technology companies, as well as the company's slower rate of growth, warrant a lower multiple on the stock. 3. Kraton (KRA) downgraded to Hold from Buy at SunTrust with analyst James Sheehan saying the management has cited "weakening demand, tariff impacts, escalating logistics costs and an extended plant outage" in reducing its outlook. 4. Western Digital (WDC) downgraded to Neutral from Buy at Longbow, to Neutral from Overweight at JPMorgan, as well as to Hold from Buy at Benchmark and Craig-Hallum. 5. Jack in the Box (JACK) downgraded to Neutral from Outperform at Wedbush with analyst Nick Setyan saying given the company's franchised model and franchisee unrest, he can no longer assume that many of the initiatives through FY22 that his positive recommendation was based on will occur. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
SONC Sonic
$43.46

(0.00%)

11/05/18
SBSH
11/05/18
DOWNGRADE
Target $43.5
SBSH
Neutral
Sonic downgraded to Neutral from Buy at Citi
Citi analyst Gregory Badishkanian downgraded Sonic to Neutral citing the pending acquisition by Inspire Brands / Roark Capital for $43.50 per share. He views the shares as fairly valued at current levels.
09/28/18
WEDB
09/28/18
DOWNGRADE
Target $43.5
WEDB
Neutral
Sonic downgraded to Neutral from Outperform at Wedbush
Wedbush analyst Nick Setyan downgraded Sonic to Neutral from Outperform but raised his price target to $43.50 from $42 following the acquisition offer from Inspire Brands. In a research note to investors, Setyan says that, in hindsight, the offer of Sonic is "not surprising" and that he views competing bidders as "unlikely." He continues to believe Sonic is positioned as the main net transaction share gainer within the quick service restaurant burger category over the medium term, but downgraded shares to reflect the high probability of the Inspire Brands deal closing.
09/27/18
JEFF
09/27/18
NO CHANGE
Target $58
JEFF
Buy
Jefferies continues to see upside potential in shares of Papa John's
Jefferies analyst Alexander Slagle continues to believe Q3 will represent the worst in terms of fundamentals for Papa John's (PZZA) and that "ultimate upside potential outweighs downside." The analyst recommends looking past fear of near-term trends and buying shares of Papa John's. An analysis of potential refranchising and leveraged buyout scenarios suggest there continues to be opportunities for value creation, Slagle tells investors in a research note. The analyst says that even without a buyout, there is a three-to-five year path to recovery that could return Papa John's to its normalized earnings/EBITDA levels and growth rate, potentially driving $4.00-plus of earnings per share by 2020. Slagle adds that based on this week's acquisition of Sonic (SONC) by Inspire Brands, Papa John's would be worth $63.50 per share in a buyout. He keeps a Buy rating on Papa John's with a $58 price target.

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ABCB

Ameris Bancorp

$42.81

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  • 12

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BWEN

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ASTC

Astrotech

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MDGS

Medigus

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DXLG

Destination XL

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  • 22

    Nov

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AT&T

$37.59

0.415 (1.12%)

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DXLG

Destination XL

$1.45

-0.02 (-1.36%)

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  • 22

    Nov

ANIX

Anixa Biosciences

$3.50

-0.11 (-3.05%)

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DXLG

Destination XL

$1.45

-0.02 (-1.36%)

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    Nov

DXLG

Destination XL

$1.45

-0.02 (-1.36%)

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  • 22

    Nov

TREE

LendingTree

$365.30

-5.29 (-1.43%)

07:11
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  • 11

    Dec

ENR

Energizer

$49.05

1.33 (2.79%)

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NVCN

Neovasc

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COP

ConocoPhillips

$60.22

0.85 (1.43%)

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SJM

J.M. Smucker

$104.40

-1.15 (-1.09%)

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LHCG

LHC Group

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SJM

J.M. Smucker

$104.40

-1.15 (-1.09%)

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  • 22

    Nov

RMR

RMR Group

$48.26

0.02 (0.04%)

07:06
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Earnings
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  • 22

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NAVB

Navidea

$0.71

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DXLG

Destination XL

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  • 22

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SJM

J.M. Smucker

$104.40

-1.15 (-1.09%)

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  • 22

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