JACK

Jack In The Box, Inc.

Consumer


Presented:06/11/2020
Price:$70.08
Cap:$1.59B
Current Price:$46.29
Cap:$0.89B

Presented

Date06/11/2020
Price$70.08
Market Cap$1.59B
Ent Value$3.19B
P/E Ratio31.97x
Book ValueN/A
Div Yield1.71%
Shares O/S22.67M
Ave Daily Vol1,167,110
Short Int19.51%

Current

Price$46.29
Market Cap$0.89B
Jack in the Box, Inc. engages in operating and franchising a chain of quick-service and fast-casual restaurants. It operates through the Jack in the Box Restaurant segments. The Jack in the Box Restaurant segment offers a broad selection of distinctive products including burgers like Jumbo Jack burgers, and product lines such as Buttery Jack burgers including the Brunchfast menu. The company was founded by Robert Oscar Peterson in 1951 and is headquartered in San Diego, CA.

Publicly traded companies mentioned herein: Apollo Global Management Inc (APO), Jack in the Box Inc (JACK), McDonald’s Corp (MCD), Papa John’s International Inc (PZZA), Restaurant Brands International Inc (QSR), Wendy’s Co/The (WEN), Yum! Brands Inc (YUM)

Highlights

The presenter is long shares of Jack in the Box Inc (JACK), the franchised QSR operator largely based on the West Coast. Over the last two years, the company has made a significant turnaround on the back of menu innovation and capital investment. Today, the company has a strong balance sheet and is executing well. JACK is trading at ~$70 per share, but the presenter believes its fundamentals are ahead of the stock price. When new CEO Darin Harris speaks publicly for the first time next week, the presenter expects an emphasis on unit growth, which he sees as the catalyst which should begin an upside move toward his target of ~$125+ over time.

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Idea Discussion

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