Jump Report
| Avg Daily Volume: 541,914 Market Cap: 2.01B Sector: Services Short Interest: 16.06 |
EARNINGS EXPECTATIONS:
CONSENSUS EPS: .93/share REV: 217/M
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LAST QTR: EPS: 1,35/share ESTIMATED: 1.28/share (BEAT)
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NEXT QTR: EPS: 1.02/share REV: 219/M
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FY19: EPS: 4.26/share REV: 947.4/M
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*These are the base metrics we will be watching against the actual release numbers
BEAT/MISS HISTORY: 61% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (3 QTRS %) :5.39, 7.55, 9.47
POTENTIAL JUMP MOVE: 8-10%
Links To Latest News and Headlines
Jack in the Box (JACK) benefits from a robust delivery channel, Del Taco merger and menu innovation.
In a span of three weeks, metro Orlando saw three new-to-market restaurant expansions announced with a unique wrinkle: the market entries of Jack in the Box, Daddy’s Chicken Shack and Rosa Mexicano Restaurant also will be their respective debuts in the state of Florida. Van Ingram, the vice president of franchise recruitment for San Diego-based Jack in the Box Inc., explained it succinctly. “Orlando is a priority market for just about every brand in the country,” Ingram told Orlando Business Journal.
High inflation continues to hurt the restaurant industry. Stocks like MCD, YUM, JACK and RUTH, which pay dividends regularly, might fetch you promising returns.
SAN DIEGO, September 14, 2022–Jack in the Box Inc. (NASDAQ: JACK) today announced that Guillermo Diaz, Jr has joined the company’s Board of Directors, effective September 26, 2022. Diaz now serves as the Chairman of the Hispanic Technology Executive Council (HITEC), the premier, global executive leadership organization of senior business and technology executives building outstanding careers in technology. Diaz is also the Founder and CEO of Conectado Inc., an innovative, Web 3 digital platform
Popular fast-food restaurant chain Jack in the Box is headed to Florida with plans to make an Orlando market expansion an important part of its growth, a spokesperson on behalf of the chain told Orlando Business Journal. The well-known restaurant brand will seek franchisees in the Orlando market, as well, as part of the push. Based out of San Diego and with its greatest density of restaurants on the West Coast and in Texas, Jack in the Box is “ready to expand its presence east of the Mississippi and make its entrance into Florida,” the spokesperson explained, adding that the company has identified Orlando as a “perfect next step” for its growth.
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ANALYSIS:
StockJumpers tranjectory analysis reveals a sell post release with investor sentiment being soft on the news. We were thinking this was a long play but the data suggests otherwise and it looks like they may come in-line on the base metrics but expectations on the forward guide and same store sales may be weak.
We are SHORT on the event.
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TRADE PLAN:
ENTRY: SELL – end of day
STOP LOSS: 5%
TAKE PROFIT: 8%
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UPDATE: (2:32PM) We remain biased short on this event.
POST RELEASE ACTION: They missed on revenue.. but beat on EPS. We remain short with a revised profit target of 5%
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NOTE: There is a significant amount of data behind the scenes in getting to the analysis in the tab above. Too much information for traders only confuses things – so this is striped down to only what it needed to make the best possible decision(s) on trading the trajectory.