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February 19, 2014
06:15 EDTJACKJack in the Box shares can double in 3-4 years, says Jefferies
Jefferies analyst Alexander Slagle believes shares of Jack in the Box can be worth $100 in three-to-four years due to accelerating sales at Qdoba and continued momentum at the core brand. Slagle thinks the current stock price does not fully reflect the Qdoba opportunity and raised his price target for shares to $62 from $53 in a note to investors this morning. He keeps a Buy rating on shares of Jack in the Box, which closed yesterday down 2c to $52.70.
News For JACK From The Last 14 Days
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August 7, 2014
12:21 EDTJACKJack in the Box says breakfast, late night drove Q3 SSS results
Says consistent speed of service also contributing to SSS growth. Says Qdoba brand well-positioned for future growth. Expects to open 5-7 Qdoba restaurants in Q4. Says expects beef costs to increase 5%-6% for full year. For FY15: Expects 2%-3% commodity inflation, expects to open about 60 Qdoba restaurants with most weighted towards back half of year, sees CapEx $90-$100M, sees margin expansion. Says Qdoba roll out in very early stages. Expects to be fairly cautious on pricing in FY15. Says will continue to focus on late night, but product innovation will drive sales. Says continuing to take market share in difficult environment. Comments from Q3 earnings conference call.

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