Jack In The Box's 4Q To Be Impacted By Slowing Comp, Analyst Cuts Price Target
Portfolio Pulse from Nabaparna Bhattacharya
Stifel analyst Chris O'Cull has reiterated a Hold rating on Jack In The Box Inc. (JACK), lowering the price target to $88 from $98. Despite the company's strong Q3 performance, the analyst anticipates uncertainty in Q4 due to potential slowing comp performance and the impact of refranchising. The company's comp performance will be a critical factor for the stock price until unit growth accelerates significantly. The analyst also lowered FY23 and FY24 revenue guidance.
August 14, 2023 | 6:16 pm
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NEGATIVE IMPACT
Jack In The Box's stock price may be impacted by the lowered price target and anticipated Q4 uncertainty. The company's comp performance will be a critical factor for the stock price until unit growth accelerates significantly.
The lowered price target by Stifel analyst and the anticipated uncertainty in Q4 due to potential slowing comp performance and the impact of refranchising could negatively impact the stock price of Jack In The Box. The company's comp performance will be a critical factor for the stock price until unit growth accelerates significantly.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100