NEW YORK (TheStreet) -- Shares of Jack in the Box (JACK) were gaining 2.6% to $73.35 after-hours Tuesday after the fast food chain beat analysts' estimates for earnings and revenue in the fiscal fourth quarter.
Jack in the Box reported earnings of 54 cents a share for the fiscal fourth quarter, beating analysts' estimates of 53 cents a share. Revenue grew 2% from the year-ago quarter to $344.69, compared to analysts' estimates of $342.28 million for the fourth quarter.
The company said that same-store sales grew 3.1% at Jack in the Box stores in the quarter, and 7.7% at its Qdoba Mexican Grill stores.
Jack in the Box expects to report earnings of $2.73 to $2.88 a share for full year 2015. Analysts' expect earnings of $2.81 a share for the year.
TheStreet Ratings team rates JACK IN THE BOX INC as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:
"We rate JACK IN THE BOX INC (JACK) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."