Welcome!
Welcome to the March Jack in the Box STNL update!
Each month I'll be covering news and information of interest to Jack in the Box STNL owners to help them make the best decisions for their investments. Each update will cover corporate news, stock price updates, a selection of recent sales by state, an “Investors Corner” with relevant personal finance news, and a “Grab Bag” section that covers an interesting aspect of the Jack in the Box brand.
I'm always available to provide a quarterly no-cost, no-obligation Broker Opinion of Value (BOV) for your property. I personally make a habit to update my investment portfolio each quarter; doing so helps me achieve peace of mind and I sleep better each night because of it. I'm happy to do it for you as well.
I hope you enjoy this March edition of the Jack in the Box STNL update. I look forward to your comments and communicating with you soon. Have a great rest of your month!
Best,
Michael H. Young
[email protected]
Investment Advisor
AiCRE Partners
Summary
Corporate News - “The Hot Mess” at the shareholders meeting: Ahead of the February 27 annual shareholders meeting, activist investors called for the resignation of the Board Chairman David Goebel, a seventeen year veteran of the QSR industry. Read below for how the proxy fight panned out.
Stock Price Update - JACK shares are trading at $13.69 per share, down 63% from a year ago. Most analysts still recommend a “HOLD” on JACK.
Recent Jack in the Box Sales Comps - Five Jack in the Box properties have sold so far this year. Read below for average cap rates and states with the most recent sales.
Investor’s Corner - There's a lot of hype going on with AI, and it's easy to feel like you're being left behind. Access the Wall Street Journal article below to read about how some retirees are using AI to help with tax preparation.
“Grab Bag” - Jack in the Box is celebrating their 75th Anniversary with new menu items. Take a look below to see what Jack in the Box is doing to win over customers. Will it be enough??