Investment Conclusion
Jack in the Box (NASDAQ:JACK) is anticipated to report F3Q2021 financial results on August 4, after market close. Analysts expect revenues of $257 million and earnings per share of $1.46 for the quarter. We have
Jack In The Box: Well Positioned For Growth On Massive Geographic Expansion Plans
Summary
- JACK’s business has turned around over the pandemic.
- Franchisee relationships which in the past were a drag on the business have been mended.
- The company is on path to rapidly grow its restaurant footprint to 6,000 from the current 2,241.
- We’re maintaining our 1-year Price Target of $145/share. Reiterate Buy Rating.
Currently, I work as an investment analyst at Seamist Capital. Previously, since 2006, I was on the sell-side, in a research analyst role. The banks I have worked for include the Stanford Group, Madison Williams, Roth Capital, and WR Hambrecht. I have passed the FINRA exams for Series 7, 63, 86, and 87. My educational background includes a Bachelors Degree in Finance and Investments and a Masters Degree in Finance. Currently, I rank among top 5% of bloggers and among top 10% of analysts on TipRanks.
Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.