NEW YORK (TheStreet) -- Jack in the Box  (JACK - Get Report) stock is down 19.39% to $62 in after-hours trading on Wednesday after the company reported lower-than-expected 2016 first quarter results. 

After the market close on Wednesday, the restaurant company reported earnings of 93 cents per share, while analysts were expecting earnings of $1.03 per share. 

Revenue of $470.8 million missed analysts' forecasts for revenue of $475 million. Sales were lower-than-expected as competitors "began promoting aggressive value offers," Jack in the Box said in a statement. 

Additionally, Jack in the Box projected 2016 earnings to range between $3.50 per share to $3.63 per share, which is in-line with analysts' forecasts for full-year earnings of $3.63 per share. 

A competitor's new all-day breakfast menu affected Jack in the Box's sales between 10:30 a.m. and noon, the company said. 

McDonald's Corp.'s (MCD) launched an all-day breakfast menu last year.

Separately, recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

TheStreet Ratings rates this stock as a "hold" with a ratings score of C+. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and revenue growth. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, a generally disappointing performance in the stock itself and weak operating cash flow.

You can view the full analysis from the report here: JACK

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