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Jack in the Box downgraded to Market Perform at Cowen given limited visibility » 07:33
06/22/22
06/22
07:33
06/22/22
07:33
JACK

Jack in the Box

$60.00 /

+0.17 (+0.28%)

, TACO

Del Taco

$12.51 /

+ (+0.00%)

Cowen analyst Andrew…

Cowen analyst Andrew Charles downgraded Jack in the Box (JACK) to Market Perform from Outperform with a price target of $68, down from $115. The challenging quick service restaurant industry sales backdrop, the company's above-industry levels of pricing and inflation, and the potential distraction from the integration of Del Taco (TACO) leave limited visibility in 2022-23 as well as headwinds to the company's long-term target of 4% net restaurant growth, Charles contends. He is also concerned about negative same-store sales revisions given proprietary survey data that indicates a lagging value perception for the brand compared to peers, Charles noted.

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TACO Del Taco
$12.51 /

+ (+0.00%)

JACK Jack in the Box
$60.00 /

+0.17 (+0.28%)

JACK Jack in the Box
$60.00 /

+0.17 (+0.28%)

06/22/22 Cowen
Jack in the Box downgraded to Market Perform from Outperform at Cowen
06/09/22 Barclays
Jack in the Box price target lowered to $78 from $94 at Barclays
06/01/22 Citi
Jack in the Box price target lowered to $79 from $104 at Citi
05/27/22 Truist
Jack in the Box price target lowered to $107 from $130 at Truist
TACO Del Taco
$12.51 /

+ (+0.00%)

05/27/22 Morgan Stanley
Jack in the Box price target lowered to $89 from $98 at Morgan Stanley
05/24/22 Oppenheimer
Jack in the Box price target lowered to $107 from $115 at Oppenheimer
02/28/22 Gordon Haskett
Jack in the Box downgraded at Gordon Haskett on reduced visibility
02/07/22 Cowen
Jack in the Box price target lowered to $115 from $130 at Cowen
JACK Jack in the Box
$60.00 /

+0.17 (+0.28%)

JACK Jack in the Box
$60.00 /

+0.17 (+0.28%)

TACO Del Taco
$12.51 /

+ (+0.00%)

Downgrade
Jack in the Box downgraded to Market Perform from Outperform at Cowen » 06:18
06/22/22
06/22
06:18
06/22/22
06:18
JACK

Jack in the Box

$60.00 /

+0.17 (+0.28%)

Cowen analyst Andrew…

Cowen analyst Andrew Charles downgraded Jack in the Box to Market Perform from Outperform with a $68 price target.

ShowHide Related Items >><<
JACK Jack in the Box
$60.00 /

+0.17 (+0.28%)

JACK Jack in the Box
$60.00 /

+0.17 (+0.28%)

06/09/22 Barclays
Jack in the Box price target lowered to $78 from $94 at Barclays
06/01/22 Citi
Jack in the Box price target lowered to $79 from $104 at Citi
05/27/22 Truist
Jack in the Box price target lowered to $107 from $130 at Truist
05/27/22 Morgan Stanley
Jack in the Box price target lowered to $89 from $98 at Morgan Stanley
JACK Jack in the Box
$60.00 /

+0.17 (+0.28%)

JACK Jack in the Box
$60.00 /

+0.17 (+0.28%)

Over a week ago
Recommendations
Jack in the Box price target lowered to $78 from $94 at Barclays » 06:11
06/09/22
06/09
06:11
06/09/22
06:11
JACK

Jack in the Box

$70.85 /

+0.37 (+0.52%)

Barclays analyst Jeffrey…

Barclays analyst Jeffrey Bernstein lowered the firm's price target on Jack in the Box to $78 from $94 and keeps an Equal Weight rating on the shares. Restaurants fall within consumer discretionary and with recessionary odds rising, some investors will view restaurants as "uninvestable," Bernstein tells investors in a research note. While he understands the sentiment, the analyst does not believe it is accurate and wouldn't use history as a guide. "We believe restaurants are on the extreme staple-end of consumer discretionary," writes Bernstein.

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JACK Jack in the Box
$70.85 /

+0.37 (+0.52%)

JACK Jack in the Box
$70.85 /

+0.37 (+0.52%)

06/01/22 Citi
Jack in the Box price target lowered to $79 from $104 at Citi
05/27/22 Truist
Jack in the Box price target lowered to $107 from $130 at Truist
05/27/22 Morgan Stanley
Jack in the Box price target lowered to $89 from $98 at Morgan Stanley
05/27/22 Deutsche Bank
Jack in the Box price target lowered to $86 from $108 at Deutsche Bank
JACK Jack in the Box
$70.85 /

+0.37 (+0.52%)

JACK Jack in the Box
$70.85 /

+0.37 (+0.52%)

Recommendations
Jack in the Box price target lowered to $79 from $104 at Citi » 06:21
06/01/22
06/01
06:21
06/01/22
06:21
JACK

Jack in the Box

$68.29 /

+1.305 (+1.95%)

Citi analyst Jon Tower…

Citi analyst Jon Tower lowered the firm's price target on Jack in the Box to $79 from $104 and keeps a Neutral rating on the shares post the fiscal Q2 results. The analyst reduced estimates to reflect a softening top line, greater inflationary pressures and updated guidance.

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JACK Jack in the Box
$68.29 /

+1.305 (+1.95%)

JACK Jack in the Box
$68.29 /

+1.305 (+1.95%)

05/27/22 Truist
Jack in the Box price target lowered to $107 from $130 at Truist
05/27/22 Morgan Stanley
Jack in the Box price target lowered to $89 from $98 at Morgan Stanley
05/27/22 Deutsche Bank
Jack in the Box price target lowered to $86 from $108 at Deutsche Bank
05/27/22 Baird
Jack in the Box price target lowered to $77 from $92 at Baird
JACK Jack in the Box
$68.29 /

+1.305 (+1.95%)

JACK Jack in the Box
$68.29 /

+1.305 (+1.95%)

Recommendations
Jack in the Box price target lowered to $107 from $130 at Truist » 09:33
05/27/22
05/27
09:33
05/27/22
09:33
JACK

Jack in the Box

$68.82 /

-2.05 (-2.89%)

Truist analyst Jake…

Truist analyst Jake Bartlett lowered the firm's price target on Jack in the Box to $107 from $130 but keeps a Buy rating on the shares after its Q2 earnings miss. The analyst cites increased macro concerns, significant uncertainties in the model, and headwinds to accelerating development, though he also believes that the company has retained much of the spike in sales during the pandemic and has sales and margin drivers to weather a consumer downturn much better than during the 2008-09 downturn.

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JACK Jack in the Box
$68.82 /

-2.05 (-2.89%)

JACK Jack in the Box
$68.82 /

-2.05 (-2.89%)

05/27/22 Morgan Stanley
Jack in the Box price target lowered to $89 from $98 at Morgan Stanley
05/27/22 Deutsche Bank
Jack in the Box price target lowered to $86 from $108 at Deutsche Bank
05/27/22 Baird
Jack in the Box price target lowered to $77 from $92 at Baird
05/27/22 Wedbush
Jack in the Box price target lowered to $90 from $110 at Wedbush
JACK Jack in the Box
$68.82 /

-2.05 (-2.89%)

JACK Jack in the Box
$68.82 /

-2.05 (-2.89%)

Recommendations
Jack in the Box price target lowered to $89 from $98 at Morgan Stanley » 06:59
05/27/22
05/27
06:59
05/27/22
06:59
JACK

Jack in the Box

$68.82 /

-2.05 (-2.89%)

, TACO

Del Taco

$12.51 /

+ (+0.00%)

Morgan Stanley analyst…

Morgan Stanley analyst John Glass lowered the firm's price target on Jack in the Box to $89 from $98 and keeps an Equal Weight rating on the shares. Q2 adjusted EBITDA and operating EPS missed his expectations and his base case numbers for 22/23 have come down, though the addition of Del Taco and macro risks make the upcoming results harder to forecast, Glass tells investors.

ShowHide Related Items >><<
TACO Del Taco
$12.51 /

+ (+0.00%)

JACK Jack in the Box
$68.82 /

-2.05 (-2.89%)

JACK Jack in the Box
$68.82 /

-2.05 (-2.89%)

05/27/22 Deutsche Bank
Jack in the Box price target lowered to $86 from $108 at Deutsche Bank
05/27/22 Baird
Jack in the Box price target lowered to $77 from $92 at Baird
05/27/22 Wedbush
Jack in the Box price target lowered to $90 from $110 at Wedbush
05/24/22 Oppenheimer
Jack in the Box price target lowered to $107 from $115 at Oppenheimer
TACO Del Taco
$12.51 /

+ (+0.00%)

02/28/22 Gordon Haskett
Jack in the Box downgraded at Gordon Haskett on reduced visibility
02/07/22 Cowen
Jack in the Box price target lowered to $115 from $130 at Cowen
12/15/21 Northcoast
Northcoast downgrades Jack in the Box on Del Taco deal concerns
JACK Jack in the Box
$68.82 /

-2.05 (-2.89%)

TACO Del Taco
$12.51 /

+ (+0.00%)

JACK Jack in the Box
$68.82 /

-2.05 (-2.89%)

TACO Del Taco
$12.51 /

+ (+0.00%)

Recommendations
Jack in the Box price target lowered to $86 from $108 at Deutsche Bank » 06:56
05/27/22
05/27
06:56
05/27/22
06:56
JACK

Jack in the Box

$68.82 /

-2.05 (-2.89%)

Deutsche Bank analyst…

Deutsche Bank analyst Brian Mullan lowered the firm's price target on Jack in the Box to $86 from $108 and keeps a Buy rating on the shares post the fiscal Q2 results.

ShowHide Related Items >><<
JACK Jack in the Box
$68.82 /

-2.05 (-2.89%)

JACK Jack in the Box
$68.82 /

-2.05 (-2.89%)

05/27/22 Baird
Jack in the Box price target lowered to $77 from $92 at Baird
05/27/22 Wedbush
Jack in the Box price target lowered to $90 from $110 at Wedbush
05/24/22 Oppenheimer
Jack in the Box price target lowered to $107 from $115 at Oppenheimer
05/18/22 UBS
Jack in the Box price target lowered to $85 from $93 at UBS
JACK Jack in the Box
$68.82 /

-2.05 (-2.89%)

JACK Jack in the Box
$68.82 /

-2.05 (-2.89%)

Recommendations
Jack in the Box price target lowered to $77 from $92 at Baird » 06:53
05/27/22
05/27
06:53
05/27/22
06:53
JACK

Jack in the Box

$68.82 /

-2.05 (-2.89%)

Baird analyst David…

Baird analyst David Tarantino lowered the firm's price target on Jack in the Box to $77 from $92 and keeps a Neutral rating on the shares. The analyst said Q2 EPS missed estimates, and the company provided lower-than-expected F2022 EPS guidance amid escalating cost pressures. Tarantino continues to have a positive view of the long-term growth opportunity for its brands, but sees multiple risk factors that are giving him pause in recommending the shares at this stage, even while he acknowledges that valuation metrics are not overly demanding.

ShowHide Related Items >><<
JACK Jack in the Box
$68.82 /

-2.05 (-2.89%)

JACK Jack in the Box
$68.82 /

-2.05 (-2.89%)

05/27/22 Wedbush
Jack in the Box price target lowered to $90 from $110 at Wedbush
05/24/22 Oppenheimer
Jack in the Box price target lowered to $107 from $115 at Oppenheimer
05/18/22 UBS
Jack in the Box price target lowered to $85 from $93 at UBS
04/12/22 Citi
Jack in the Box initiated with a Neutral at Citi
JACK Jack in the Box
$68.82 /

-2.05 (-2.89%)

JACK Jack in the Box
$68.82 /

-2.05 (-2.89%)

Recommendations
Jack in the Box price target lowered to $90 from $110 at Wedbush » 06:20
05/27/22
05/27
06:20
05/27/22
06:20
JACK

Jack in the Box

$68.82 /

-2.05 (-2.89%)

Wedbush analyst Nick…

Wedbush analyst Nick Setyan lowered the firm's price target on Jack in the Box to $90 from $110 and keeps an Outperform rating on the shares. Jack in the Box reported Q2 EPS below expectations, but Setyan says in a research note that with inflation-impacted guidance bracketed and out of the way, investors can look forward to what the combined company may look like.

ShowHide Related Items >><<
JACK Jack in the Box
$68.82 /

-2.05 (-2.89%)

JACK Jack in the Box
$68.82 /

-2.05 (-2.89%)

05/24/22 Oppenheimer
Jack in the Box price target lowered to $107 from $115 at Oppenheimer
05/18/22 UBS
Jack in the Box price target lowered to $85 from $93 at UBS
04/12/22 Citi
Jack in the Box initiated with a Neutral at Citi
02/28/22 Gordon Haskett
Jack in the Box downgraded at Gordon Haskett on reduced visibility
JACK Jack in the Box
$68.82 /

-2.05 (-2.89%)

JACK Jack in the Box
$68.82 /

-2.05 (-2.89%)

Over a month ago
Hot Stocks
Jack in the Box intends to resume share repurchases in back half of year » 11:11
05/26/22
05/26
11:11
05/26/22
11:11
JACK

Jack in the Box

$68.80 /

-2.07 (-2.92%)

Jack in the Box CFO…

Jack in the Box CFO Timothy Mullany stated on the company's earnings call: "Our primary goal has and will continue to be investing in growth while being disciplined in our commitment to return cash back to shareholders via share repurchases and quarterly dividends. Furthermore, we continually assess the optimal sources and uses of cash for our business and how to create value for shareholders... I'm happy to announce that we intend to resume share repurchases in the back half of this year. At present, we have a $200 million share repurchase authorization that expires in November 2023. And our company has rarely let an authorization expire before being fully exhausted. Our approach to share repurchases will remain as it always has, evaluating how much excess liquidity we have available and determining whether we think the stock is attractively priced."

ShowHide Related Items >><<
JACK Jack in the Box
$68.80 /

-2.07 (-2.92%)

JACK Jack in the Box
$68.80 /

-2.07 (-2.92%)

05/24/22 Oppenheimer
Jack in the Box price target lowered to $107 from $115 at Oppenheimer
05/18/22 UBS
Jack in the Box price target lowered to $85 from $93 at UBS
04/12/22 Citi
Jack in the Box initiated with a Neutral at Citi
02/28/22 Gordon Haskett
Jack in the Box downgraded at Gordon Haskett on reduced visibility
JACK Jack in the Box
$68.80 /

-2.07 (-2.92%)

JACK Jack in the Box
$68.80 /

-2.07 (-2.92%)

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