FY2024 EPS Forecast for Jack in the Box Decreased by Analyst

Jack in the Box Inc. (NASDAQ:JACK) – Analysts at Wedbush decreased their FY2024 earnings per share (EPS) estimates for Jack in the Box in a report issued on Monday, November 18th. Wedbush analyst N. Setyan now expects that the restaurant operator will post earnings of $6.17 per share for the year, down from their previous estimate of $6.18. Wedbush has a “Outperform” rating and a $50.00 price target on the stock. The consensus estimate for Jack in the Box’s current full-year earnings is $6.19 per share. Wedbush also issued estimates for Jack in the Box’s Q4 2024 earnings at $1.10 EPS, Q1 2025 earnings at $1.78 EPS, Q3 2025 earnings at $1.46 EPS and Q4 2025 earnings at $1.27 EPS.

A number of other research analysts also recently commented on JACK. StockNews.com downgraded shares of Jack in the Box from a “hold” rating to a “sell” rating in a research report on Wednesday, August 7th. Oppenheimer lowered their price target on shares of Jack in the Box from $70.00 to $60.00 and set an “outperform” rating on the stock in a report on Friday. TD Cowen reduced their price objective on Jack in the Box from $57.00 to $50.00 and set a “hold” rating for the company in a research report on Wednesday, October 16th. Loop Capital dropped their target price on Jack in the Box from $87.00 to $70.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Finally, Piper Sandler reduced their price target on Jack in the Box from $56.00 to $53.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $62.81.

Jack in the Box Stock Up 4.1 %

NASDAQ:JACK opened at $46.61 on Tuesday. Jack in the Box has a fifty-two week low of $40.84 and a fifty-two week high of $86.20. The stock’s 50-day moving average is $46.04 and its two-hundred day moving average is $50.38.

Jack in the Box Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Friday, August 30th were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 3.78%. The ex-dividend date was Friday, August 30th. Jack in the Box’s dividend payout ratio is currently -88.44%.

Insider Activity at Jack in the Box

In other Jack in the Box news, CFO Brian M. Scott sold 696 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $48.66, for a total transaction of $33,867.36. Following the completion of the sale, the chief financial officer now directly owns 13,201 shares in the company, valued at $642,360.66. This represents a 5.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Jack in the Box

A number of institutional investors have recently made changes to their positions in the business. The Manufacturers Life Insurance Company boosted its stake in Jack in the Box by 3.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,733 shares of the restaurant operator’s stock valued at $496,000 after purchasing an additional 358 shares during the period. EntryPoint Capital LLC boosted its position in shares of Jack in the Box by 73.2% in the first quarter. EntryPoint Capital LLC now owns 866 shares of the restaurant operator’s stock valued at $59,000 after acquiring an additional 366 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Jack in the Box by 11.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,997 shares of the restaurant operator’s stock worth $255,000 after acquiring an additional 503 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Jack in the Box by 4.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 15,914 shares of the restaurant operator’s stock worth $1,090,000 after purchasing an additional 644 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co increased its holdings in shares of Jack in the Box by 4.5% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 18,486 shares of the restaurant operator’s stock worth $1,265,000 after purchasing an additional 790 shares during the period. 99.79% of the stock is currently owned by institutional investors.

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.