JACK - Jack In The Box Reported Outstanding Fourth Quarter Results - Raising Price Target To $145/Share On Lower Risk
- F4Q2020 revenues of ~$255 million were ahead of analyst projections by ~$6 million.
- EPS of $1.64 beat consensus estimates by $0.51.
- The highlight of the quarter was the resolution of JACK's legal battle with its franchisees, positioning the company for rapid new unit development.
- We're raising our 1-year Price Target to $145/share from the prior $113/share. Upgrading to Buy Rating from the previous Speculative Buy Rating.
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Jack In The Box Reported Outstanding Fourth Quarter Results - Raising Price Target To $145/Share On Lower Risk