The San Diego-based restaurant chain shows strength in both of its brands, analysts said.
"We have been impressed by the team's ability to manage cost headwinds and drive margin gains," analysts noted.
"F1Q & 2015 guides are solid, with much stronger than expected Qdoba same-store sales (SSS) as the new menu implementation is driving double digit SSS so far in F1Q. We'd be buyers of the stock as we see above-trend SSS and earnings per share growth continuing and a valuation that has room to expand," analysts added.
Shares of Jack in the Box closed up 4.78% at $74.92 yesterday.
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 a few notable strengths, 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 revenue growth, solid stock price performance, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income."