Jack in the Box Inc. (NASDAQ:JACK - Free Report) - Analysts at Wedbush reduced their FY2024 earnings per share (EPS) estimates for shares of Jack in the Box in a research report issued to clients and investors 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 a number of other reports. UBS Group cut their price objective on Jack in the Box from $55.00 to $50.00 and set a "neutral" rating for the company in a research report on Friday, October 4th. Bank of America raised their price target on Jack in the Box from $72.00 to $73.00 and gave the company a "buy" rating in a report on Tuesday, October 22nd. Truist Financial decreased their price objective on shares of Jack in the Box from $83.00 to $70.00 and set a "buy" rating on the stock in a report on Wednesday, August 7th. TD Cowen cut their target price on shares of Jack in the Box from $57.00 to $50.00 and set a "hold" rating for the company in a research note on Wednesday, October 16th. Finally, Loop Capital decreased their price target on shares of Jack in the Box from $87.00 to $70.00 and set a "buy" rating on the stock in a research note on Monday, October 14th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $62.81.
Read Our Latest Analysis on JACK
Jack in the Box Stock Performance
NASDAQ:JACK traded down $0.58 during mid-day trading on Tuesday, hitting $46.03. The stock had a trading volume of 697,088 shares, compared to its average volume of 509,430. Jack in the Box has a twelve month low of $40.84 and a twelve month high of $86.20. The stock has a market cap of $880.37 million, a price-to-earnings ratio of -23.13, a PEG ratio of 0.70 and a beta of 1.93. The company's 50 day simple moving average is $46.12 and its 200 day simple moving average is $50.32.
Institutional Trading of Jack in the Box
Several large investors have recently made changes to their positions in JACK. DekaBank Deutsche Girozentrale bought a new stake in Jack in the Box during the third quarter worth $41,000. EntryPoint Capital LLC boosted 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 purchasing an additional 366 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. raised its holdings in 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 valued at $100,000 after buying an additional 1,354 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Jack in the Box in the third quarter worth $185,000. Finally, MML Investors Services LLC grew its position in shares of Jack in the Box by 20.3% in the 3rd quarter. MML Investors Services LLC now owns 4,852 shares of the restaurant operator's stock valued at $226,000 after buying an additional 819 shares during the last quarter. Institutional investors and hedge funds own 99.79% of the company's stock.
Insider Buying and Selling
In other Jack in the Box news, CFO Brian M. Scott sold 696 shares of the firm's stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $48.66, for a total value of $33,867.36. Following the transaction, the chief financial officer now directly owns 13,201 shares of the company's stock, valued at $642,360.66. This trade represents a 5.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.60% of the stock is currently owned by company insiders.
Jack in the Box Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Friday, August 30th were paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date was Friday, August 30th. Jack in the Box's dividend payout ratio (DPR) is presently -88.44%.
About Jack in the Box
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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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