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