Jack in the Box (NASDAQ:JACK) Issues FY24 Earnings Guidance

Jack in the Box (NASDAQ:JACKGet Free Report) updated its FY24 earnings guidance on Tuesday. The company provided earnings per share guidance of $6.25-6.40 for the period, compared to the consensus earnings per share estimate of $6.34. Jack in the Box also updated its FY 2024 guidance to 6.250-6.400 EPS.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. UBS Group reduced their target price on shares of Jack in the Box from $87.00 to $60.00 and set a neutral rating on the stock in a research report on Thursday, May 9th. Robert W. Baird decreased their target price on shares of Jack in the Box from $85.00 to $80.00 and set a neutral rating for the company in a research note on Thursday, February 22nd. Piper Sandler reduced their price target on Jack in the Box from $81.00 to $67.00 and set a neutral rating for the company in a report on Wednesday, May 8th. TD Cowen restated a hold rating and issued a $73.00 price objective on shares of Jack in the Box in a report on Tuesday. Finally, Truist Financial boosted their target price on Jack in the Box from $95.00 to $97.00 and gave the stock a buy rating in a research report on Thursday, January 25th. Ten investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Jack in the Box has an average rating of Hold and a consensus price target of $84.78.

View Our Latest Stock Analysis on JACK

Jack in the Box Price Performance

Shares of NASDAQ JACK opened at $53.07 on Wednesday. The firm has a 50-day simple moving average of $63.06 and a 200-day simple moving average of $71.01. Jack in the Box has a 52 week low of $52.63 and a 52 week high of $99.56. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 9.33, a price-to-earnings-growth ratio of 0.65 and a beta of 1.81.

Jack in the Box (NASDAQ:JACKGet Free Report) last issued its quarterly earnings data on Wednesday, February 21st. The restaurant operator reported $1.95 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.95. Jack in the Box had a net margin of 7.03% and a negative return on equity of 17.24%. The firm had revenue of $487.50 million for the quarter, compared to analyst estimates of $480.76 million. During the same period in the previous year, the firm earned $2.01 EPS. Jack in the Box’s revenue was down 7.5% on a year-over-year basis. As a group, equities research analysts expect that Jack in the Box will post 6.35 EPS for the current year.

Jack in the Box Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Friday, March 15th were given a dividend of $0.44 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.32%. Jack in the Box’s dividend payout ratio (DPR) is presently 30.93%.

Insiders Place Their Bets

In related news, Director Michael W. Murphy sold 1,332 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $72.58, for a total transaction of $96,676.56. Following the sale, the director now owns 71,035 shares of the company’s stock, valued at $5,155,720.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last ninety days, insiders sold 1,808 shares of company stock valued at $129,530. 1.60% of the stock is owned by company insiders.

Jack in the Box Company Profile

(Get Free Report)

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.

Further Reading

Earnings History and Estimates for Jack in the Box (NASDAQ:JACK)

Receive News & Ratings for Jack in the Box Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jack in the Box and related companies with MarketBeat.com's FREE daily email newsletter.