Fast good on moon_老虎社区_美港股上老虎

cloudostrich
2021-06-17

Fast good on moon

This fast-food stock is beating McDonald’s this year and RBC says it’s not too late to catch the rally

Jack in the Box could be set to significantly expand its footprint and drive its stock higher, accor

This fast-food stock is beating McDonald’s this year and RBC says it’s not too late to catch the rally

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Brands. However, the stock still is trading at a discount to its peers, according to RBC.\nAnalyst Christopher Carril initiated coverage of the stock with an outperform rating, saying in a note to clients on Thursday that the company’s shares appear undervalued given its potential to expand across the country.\n“We view JACK as attractively valued ... particularly as the company is poised to reaccelerate net new restaurant growth for the first time in years,” the note said.\nJack in the Box’s footprint is heavily concentrated in Texas and California, which leaves plenty of room for expansion elsewhere in the country, RBC said.\n“We identified nearly 2,900 potential new JACK locations across the US, which, together with the brand’s current ~2,200 restaurant footprint, points to significant unit growth upside and validates our view around the long-term growth potential for the brand,” the note said.\nThe company has an investor day event scheduled for June 29, which RBC said could provide a better look at the possible expansion.\nThe firm set a price target of $140 per share for Jack in the Box, which is more than 18% above where the stock closed on Wednesday.","news_type":1},"isVote":1,"tweetType":1,"viewCount":216,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":14,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}