Over the last couple of years Jack in the Box (NASDAQ:JACK) has over gone a corporate shift that has helped push the stock higher. Now with the CEO leaving and a store shuffle on going at the Qdoba subsidiary, can the stock shoot even higher?
The San Diego based company operates and franchises over 2,250 Jack in the Box (JIB) restaurants in 21 states and around 600 Qdoba Mexican Grill restaurants in 45 states.
The company is making a two-prong push of franchising existing JIB locations and growing the Qdoba Mexican Grill concept while reshuffling the locations. The result has been strong earnings growth with limited revenue growth. Now with the CEO transition at the start of 2014...
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