BUZZ-Jack in the Box falls premarket as brokerages cut PT after Q4 revenue miss

Reuters11-21

** Fast-food restaurant chain Jack in the Box's shares fall 4.06% premarket to $43.75

** RBC says the company's Q424 and initial FY25 revenue guidance were below expectations but thinks the risk/reward continues to be attractive with stock trading near post-COVID lows; cuts PT by 7% to $65, reiterates "outperform" rating

** "Less positively, top-line growth is expected to be limited next year and combined with elevated CA wages continues to weigh on restaurant level margins," RBC says

** Jefferies says the company's guidance was "prudently cautious" as external headwinds remain; cuts PT by 8% to $46 and reiterates "hold" rating

** Deutsche Bank also cut PT for JACK by 9% to $46 and Piper Sandler by 7.5% to $49

** Of 22 analysts that cover JACK, seven rate it "strong buy" or "buy",​ 14 "hold" and one "sell"

** Up to last session's close, shares were down 44.1%​ YTD

(Reporting by Joao Manuel Mauricio)

((JoaoManuel.VicenteMauricio@thomsonreuters.com))

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