Jack In The Box Rises On Unusually High Volume (JACK)

NEW YORK ( TheStreet) -- Jack In The Box (Nasdaq: JACK) is trading at unusually high volume Thursday with 1.5 million shares changing hands. It is currently at 4.1 times its average daily volume and trading up $1.14 (+5.1%) at $23.59 as of 3:55 p.m. ET.

Jack In The Box has a market cap of $997.2 million and is part of the services sector and leisure industry. Shares are up 7.4% year to date as of the close of trading on Wednesday.

Jack in the Box Inc. operates and franchises Jack in the Box quick-service restaurants and Qdoba Mexican Grill fast-casual restaurants. The company has a P/E ratio of 17.8, equal to the average leisure industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Jack In The Box as a buy. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Jack In The Box Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.
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