NEW YORK (TheStreet) -- Shares of Jack in the Box (JACK) continue to gain, up 3.06% to $73.69 in afternoon trading on Wednesday, after the restaurant chain reported late yesterday fiscal fourth quarter earnings of 54 cents a share, surpassing analysts' estimates of 53 cents a share.
Revenue for the fourth quarter was up 2% year over year to $344.69 million, and above analysts' estimates of $342.28 million.
The company said same-store sales rose 3.1% from a year ago at Jack in the Box stores, and 7.7% from last year at its Qdoba Mexican Grill stores.
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TheStreet's Jim Cramer said on CNBC today, that he sees Mexican food stocks climbing on Qdoba's success.
For the full year 2015, Jack in the Box forecasts earnings of $2.73 to $2.88 per share, compared to analysts' estimates of $2.81 per share for the year.
About 1.69 million shares of the Jack in the Box traded hands as of 2:19 p.m., compared to its average trading volume of about 548,520 shares a day.
Separately, 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."
- You can view the full analysis from the report here: JACK Ratings Report