Jack in the Box Inc. (NASDAQ:JACK) to Post FY2024 Earnings of $6.18 Per Share, Wedbush Forecasts

Jack in the Box Inc. (NASDAQ:JACK) – Investment analysts at Wedbush dropped their FY2024 earnings per share estimates for Jack in the Box in a report released on Tuesday, August 6th. Wedbush analyst N. Setyan now expects that the restaurant operator will post earnings of $6.18 per share for the year, down from their previous forecast of $6.35. Wedbush has a “Outperform” rating and a $60.00 price target on the stock. The consensus estimate for Jack in the Box’s current full-year earnings is $6.29 per share. Wedbush also issued estimates for Jack in the Box’s Q1 2025 earnings at $2.05 EPS, Q2 2025 earnings at $1.58 EPS, Q3 2025 earnings at $1.63 EPS, Q4 2025 earnings at $1.34 EPS and FY2025 earnings at $6.61 EPS.

JACK has been the topic of several other reports. TD Cowen lowered their price objective on shares of Jack in the Box from $59.00 to $57.00 and set a “hold” rating on the stock in a research report on Wednesday. Loop Capital cut their target price on shares of Jack in the Box from $118.00 to $112.00 and set a “buy” rating for the company in a research report on Wednesday, May 15th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Jack in the Box from $59.00 to $56.00 and set a “hold” rating for the company in a research report on Wednesday. The Goldman Sachs Group began coverage on shares of Jack in the Box in a report on Thursday, June 13th. They set a “sell” rating and a $55.00 price objective on the stock. Finally, UBS Group dropped their price objective on shares of Jack in the Box from $60.00 to $55.00 and set a “neutral” rating on the stock in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $71.61.

Jack in the Box Stock Up 1.8 %

Jack in the Box stock traded up $0.97 during mid-day trading on Thursday, hitting $53.53. The company’s stock had a trading volume of 445,378 shares, compared to its average volume of 490,386. Jack in the Box has a twelve month low of $46.10 and a twelve month high of $88.36. The stock has a market capitalization of $1.04 billion, a P/E ratio of 9.42, a P/E/G ratio of 0.76 and a beta of 1.91. The stock’s fifty day moving average price is $53.26 and its two-hundred day moving average price is $61.52.

Jack in the Box (NASDAQ:JACK) last posted its quarterly earnings results on Tuesday, August 6th. The restaurant operator reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.14. The firm had revenue of $369.17 million for the quarter, compared to analyst estimates of $371.81 million. Jack in the Box had a net margin of 7.07% and a negative return on equity of 16.97%. The firm’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.45 earnings per share.

Jack in the Box Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 19th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.44 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.76 annualized dividend and a yield of 3.29%. Jack in the Box’s dividend payout ratio is 30.99%.

Insiders Place Their Bets

In other Jack in the Box news, CEO Darin S. Harris sold 598 shares of the company’s stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $51.64, for a total transaction of $30,880.72. Following the sale, the chief executive officer now directly owns 90,887 shares of the company’s stock, valued at $4,693,404.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders have sold 800 shares of company stock valued at $41,514. 1.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Jack in the Box

A number of large investors have recently modified their holdings of JACK. Capstone Investment Advisors LLC acquired a new position in Jack in the Box in the fourth quarter valued at approximately $1,313,000. GSA Capital Partners LLP lifted its holdings in Jack in the Box by 777.7% in the fourth quarter. GSA Capital Partners LLP now owns 33,809 shares of the restaurant operator’s stock valued at $2,760,000 after buying an additional 29,957 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in Jack in the Box by 11.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 499,987 shares of the restaurant operator’s stock valued at $40,814,000 after buying an additional 53,294 shares during the period. Trexquant Investment LP lifted its holdings in Jack in the Box by 840.9% in the fourth quarter. Trexquant Investment LP now owns 129,763 shares of the restaurant operator’s stock valued at $10,593,000 after buying an additional 115,972 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in Jack in the Box by 21.0% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 137,073 shares of the restaurant operator’s stock valued at $9,387,000 after buying an additional 23,770 shares during the period. 99.79% of the stock is currently owned by institutional investors and hedge funds.

Jack in the Box Company Profile

Jack in the Box Inc operates and franchises Jack in the Box and Del Taco quick-service restaurants in the United States. The company was founded in 1951 and is headquartered in San Diego, California.