NEW YORK (
-- Jack In The Box
) has been upgraded by TheStreet Ratings from hold to buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, increase in net income, attractive valuation levels, good cash flow from operations and growth in earnings per share. We feel these strengths outweigh the fact that the company shows low profit margins.
Jack in the Box Inc. operates as a restaurant company that operates and franchises Jack in the Box restaurants. These restaurants are hamburger chains, with approximately 2,200 restaurants in 18 states. The company has a P/E ratio of 18.6, equal to the average leisure industry P/E ratio and below the S&P 500 P/E ratio of 22.7. Jack In The Box has a market cap of $1.2 billion and is part of the
industry. Shares are up 10.3% year to date as of the close of trading on Wednesday.
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