yeah they are making $$$ but not enough to have this 50% run in such a short time...Remember, Jack still has the least likable food in the FF segment and over all has a lot of work to do to change....All their current buildings, both interior and exterior are horrible, its like eating in the workers lunch room at XXX Auto Recyclers Company.
I'll give you a pass on the food comment since that's just a matter of taste but you obviously know little else about JACK and why its made this big run. The stock has completed a major re-franchising effort (exactly what WEN and BKW are just now undertaking). They have completed a major renovation of almost all of their restaurants. They have closed a number of lower producing stores. They have undertaken a major menu simplification. And, as a kicker, Qdoba has been a huge winner (and, indeed, may someday be spun-off). Their comps have been strong. Bottom line, JACK is in the midst of a major turnaround and the market has recognized it. At 20+ times earnings, it is a tad rich right now but is a serious buy on any meaningful pullback. If the market macros hold, it can work into the $40s.