FY2024 EPS Estimates for Jack in the Box Reduced by Wedbush

Jack in the Box Inc. (NASDAQ:JACK) – Equities researchers at Wedbush reduced their FY2024 EPS estimates for shares of Jack in the Box in a research report issued on Monday, November 18th. Wedbush analyst N. Setyan now anticipates that the restaurant operator will earn $6.17 per share for the year, down from their prior forecast of $6.18. Wedbush currently has a “Outperform” rating and a $50.00 target price 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.

JACK has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft reduced 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 note on Wednesday, August 7th. Oppenheimer lowered their target price 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, November 15th. Truist Financial cut their price target on Jack in the Box from $83.00 to $70.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Northcoast Research lowered Jack in the Box from a “buy” rating to a “neutral” rating in a research note on Thursday, November 14th. Finally, Piper Sandler cut their target price on Jack in the Box from $56.00 to $53.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $62.81.

Jack in the Box Stock Performance

Shares of JACK opened at $46.03 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 business has a 50-day moving average of $46.12 and a 200 day moving average of $50.32. The firm has a market cap of $880.37 million, a P/E ratio of -23.13, a price-to-earnings-growth ratio of 0.70 and a beta of 1.93.

Jack in the Box Dividend Announcement

The firm also recently announced 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 3.82%. The ex-dividend date of this dividend was Friday, August 30th. Jack in the Box’s dividend payout ratio is currently -88.44%.

Insiders Place Their Bets

In related news, CFO Brian M. Scott sold 696 shares of the company’s stock in a transaction on 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 position. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Jack in the Box

Several institutional investors and hedge funds have recently bought and sold shares of the business. EntryPoint Capital LLC increased its stake in shares of Jack in the Box by 73.2% during the first quarter. EntryPoint Capital LLC now owns 866 shares of the restaurant operator’s stock valued at $59,000 after buying an additional 366 shares during the period. DekaBank Deutsche Girozentrale bought a new position in Jack in the Box in the 3rd quarter worth $41,000. Point72 Asia Singapore Pte. Ltd. lifted its position in shares of Jack in the Box by 172.3% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,140 shares of the restaurant operator’s stock worth $100,000 after purchasing an additional 1,354 shares during the period. MQS Management LLC purchased a new position in shares of Jack in the Box during the first quarter valued at about $260,000. Finally, SG Americas Securities LLC purchased a new position in shares of Jack in the Box during the third quarter valued at about $185,000. Hedge funds and other institutional investors own 99.79% of the company’s stock.

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.