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Jack in the Box (JACK) Beats Earnings Estimates, Shares Rise 7% - Stocks in the News

After announcing better than expected quarterly earnings, popular restaurateur Jack in the Box ( JACK ) reported a high trading volume after-hours Tuesday. Shares gained about 3.5% during after-hours trading, and are up over 7% now. Approximately 1,056,993 shares were traded during mid-day trading, a sharp increase of 89% from the average volume of roughly 550,000 shares.

The company reported an EPS of $0.93 for the quarter, beating analyst estimates of $0.87 by $0.06.

Revenue for Jack in the Box was $468.62 million for the quarter, compared to the consensus estimate of $459.80 million. Quarterly revenue was up around 4.1% on a year-over-year basis.

Analysts, such as those in the Zacks Consensus, have recently re-assessed the burger chain, upgrading shares of Jack in the Box from a "neutral" rating to an "outperform" rating and set a $86.20 price target on the stock in a research note on Monday, January 26th.

Currently, shares of Jack in the Box are trading upwards of 6.5% during mid-day trading Wednesday. Jack in the Box sits at a Zacks Rank #2 (Buy), and is in the top 16% in Zacks Industry Rank: Retail-Restaurants.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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