Jack in the Box Inc. to Post Q3 2024 Earnings of $1.54 Per Share, Wedbush Forecasts (NASDAQ:JACK)

Jack in the Box Inc. (NASDAQ:JACKFree Report) – Analysts at Wedbush decreased their Q3 2024 earnings estimates for shares of Jack in the Box in a research note issued to investors on Tuesday, May 14th. Wedbush analyst N. Setyan now forecasts that the restaurant operator will post earnings of $1.54 per share for the quarter, down from their prior estimate of $1.66. Wedbush currently has a “Outperform” rating and a $68.00 price target on the stock. The consensus estimate for Jack in the Box’s current full-year earnings is $6.35 per share. Wedbush also issued estimates for Jack in the Box’s Q4 2024 earnings at $1.40 EPS, FY2024 earnings at $6.35 EPS, Q1 2025 earnings at $2.08 EPS, Q2 2025 earnings at $1.61 EPS, Q3 2025 earnings at $1.69 EPS, Q4 2025 earnings at $1.54 EPS and FY2025 earnings at $6.92 EPS.

JACK has been the subject of several other reports. Robert W. Baird lowered their price objective on shares of Jack in the Box from $85.00 to $80.00 and set a “neutral” rating for the company in a research report on Thursday, February 22nd. Royal Bank of Canada increased their price objective on Jack in the Box from $78.00 to $82.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. Bank of America reduced their price objective on Jack in the Box from $87.00 to $83.00 and set a “buy” rating on the stock in a report on Wednesday. Truist Financial lowered their price target on shares of Jack in the Box from $99.00 to $83.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, TD Cowen reaffirmed a “hold” rating and set a $73.00 target price on shares of Jack in the Box in a research report on Tuesday. Ten investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $78.94.

Read Our Latest Stock Report on Jack in the Box

Jack in the Box Trading Up 0.6 %

Shares of JACK opened at $53.41 on Thursday. The firm has a fifty day moving average price of $62.65 and a 200-day moving average price of $70.89. The firm has a market capitalization of $1.05 billion, a P/E ratio of 9.39, a P/E/G ratio of 0.65 and a beta of 1.81. Jack in the Box has a 12-month low of $52.01 and a 12-month high of $99.56.

Jack in the Box (NASDAQ:JACKGet Free Report) last released its earnings results on Tuesday, May 14th. The restaurant operator reported $1.46 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.03. Jack in the Box had a negative return on equity of 17.24% and a net margin of 7.03%. The firm had revenue of $365.40 million for the quarter, compared to analysts’ expectations of $369.53 million. During the same quarter in the prior year, the firm posted $1.47 earnings per share. The company’s quarterly revenue was down 7.7% on a year-over-year basis.

Jack in the Box Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 25th. Shareholders of record on Thursday, June 6th will be issued a $0.44 dividend. The ex-dividend date is Thursday, June 6th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.30%. Jack in the Box’s dividend payout ratio is currently 30.93%.

Insider Transactions at Jack in the Box

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD boosted its stake in shares of Jack in the Box by 4.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 15,914 shares of the restaurant operator’s stock worth $1,090,000 after buying an additional 644 shares during the last quarter. EntryPoint Capital LLC grew its stake in shares of Jack in the Box by 73.2% during the 1st quarter. EntryPoint Capital LLC now owns 866 shares of the restaurant operator’s stock worth $59,000 after purchasing an additional 366 shares during the period. MQS Management LLC purchased a new position in shares of Jack in the Box during the 1st quarter valued at approximately $260,000. CANADA LIFE ASSURANCE Co lifted its stake in shares of Jack in the Box by 4.5% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 18,486 shares of the restaurant operator’s stock valued at $1,265,000 after purchasing an additional 790 shares during the period. Finally, UniSuper Management Pty Ltd acquired a new position in shares of Jack in the Box in the 1st quarter valued at $425,000. 99.79% of the stock is currently owned by institutional investors and hedge funds.

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.

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

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