Is Jack in the Box Out Of The Woods?
August 04, 2016 at 11:43 AM EDT
Big worries surrounding the quick-service restaurant industry have tempered investor enthusiasm for the stocks. Jack in the Box ’s ( JACK ), however, is popping today on the heels of estimate-beating fiscal third quarter earnings fueled by improved sales. At a recent$96.40, the shares are up almost 10%, after rising more than 12% to $98.85 in earlier market action. As of Wednesday’s close, Jack in the Box was down almost 9% over the past year.
