Jack In The Box: Lackluster Second Quarter Results But Long-Term Outlook Remains Positive

Jun. 16, 2022 1:09 PM ETJack in the Box Inc. (JACK) StockJACK
Poonam A. Arora
3.2K Followers

Summary

  • F2Q2022 revenues of ~$322 million were below analyst projections by ~$19 million.
  • EPS of $0.37 missed consensus estimates by $1.
  • Acquired Del Taco with the objective of monetizing the brand by refranchising ~300 of its restaurants.
  • We’re maintaining our 1-year Price Target to $129/share. Reiterate Buy Rating.

Exterior view of the Jack in the Box

Melissa Kopka/iStock Editorial via Getty Images

Investment Conclusion

Jack In The Box (NASDAQ:JACK) reported disappointing F2Q2022 financial results. Although, on a year-over-year basis system sales were higher driven by the inclusion of Del Taco's sales, Jack In the Box's system

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.

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