JACK - Jack in the Box slips after Deutsche Bank turns cautious on risk-reward profile

Deutsche Bank lowers its rating on Jack in the Box (JACK) to Hold from Buy as its takes a more cautious view of the risk-reward profile at the current share price level. The firm says it is not making a negative call on the stock, but is adjusting expectations after a 26% YTD rally pushed JACK shares over $117. The Seeking Alpha Value Grade on Jack in the Box is C- as low grades for EV/sales holds down the rating. Jack in the Box is down 1.90% in premarket action to $115.04 vs. the 52-week trading range of $51.43 to $121.81. Wedbush Securities got a little skittish about JACK's valuation last month.

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Jack in the Box slips after Deutsche Bank turns cautious on risk-reward profile