Jack In The Box: Strong Third Quarter Results Signify Sustainability Beyond The Pandemic

Poonam A. Arora
3.2K Followers

Summary

  • F3Q2021 revenues of ~$269 million were ahead of analyst projections by ~$10 million.
  • EPS of $1.79 beat consensus estimates by $0.31.
  • Launch of a rewards program during the quarter creates an additional revenue stream.
  • We’re maintaining our 1-year Price Target of $145/share. Reiterate Buy Rating.

Exterior view of the Jack in the Box
Melissa Kopka/iStock Editorial via Getty Images

Investment Conclusion

We could not be happier with Jack in the Box's (NASDAQ:JACK) F3Q2021 financial performance. Consistent with trends evident earlier in April, the company experienced its best third quarter retail sales, since the culmination of the refranchising effort. The dramatic increase in

This article was written by

3.2K Followers
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.

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