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Take Profits In Jack In The Box

Shares of Jack in the Box Inc (NASDAQ:JACK) have soared this year and after reporting quarterly numbers that exceeded expectations rallied another 4% after hours. The company reported EPS from continuing operations of $0.54 up nicely from $0.42 last year. However, the quarter was far from perfect with same store sales at Jack in the Box falling 1.4%, a significant deceleration from last quarter's 3.1% growth. Management insisted that performance grew better later in the quarter and that comps are positive so far this quarter. Its Qdoba brand showed sequential improvement with 2.0% growth from 0.5% growth last quarter. During the fourth quarter, JACK shut down some poor performing Qdoba location, which could have helped numbers. After these...

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