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

Jack in the Box Inc. (NASDAQ:JACK – Free Report) – Equities researchers at Wedbush dropped their Q3 2024 earnings per share estimates for Jack in the Box in a report released 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 previous estimate of $1.66. Wedbush currently has a “Outperform” rating and a $68.00 target price 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 in the Box (NASDAQ:JACK – Get Free Report) last issued its quarterly earnings data on Tuesday, May 14th. The restaurant operator reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.03. The business had revenue of $365.40 million during the quarter, compared to the consensus estimate of $369.53 million. Jack in the Box had a negative return on equity of 17.24% and a net margin of 7.03%. The business’s revenue was down 7.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.47 earnings per share.

Several other equities research analysts have also recently commented on the stock. Loop Capital dropped their price target on shares of Jack in the Box from $118.00 to $112.00 and set a “buy” rating on the stock in a research report on Wednesday. Morgan Stanley cut their target price on shares of Jack in the Box from $75.00 to $70.00 and set an “equal weight” rating for the company in a research note on Wednesday. Robert W. Baird decreased their price target on shares of Jack in the Box from $85.00 to $80.00 and set a “neutral” rating on the stock in a research report on Thursday, February 22nd. StockNews.com upgraded Jack in the Box from a “sell” rating to a “hold” rating in a research report on Friday, March 1st. Finally, Truist Financial cut their target price on Jack in the Box from $99.00 to $83.00 and set a “buy” rating on the stock in a research report on Wednesday. Ten equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $78.56.

Check Out Our Latest Stock Analysis on JACK

Jack in the Box Stock Performance

JACK opened at $55.25 on Thursday. The stock’s fifty day moving average is $62.30 and its 200-day moving average is $70.78. Jack in the Box has a one year low of $52.01 and a one year high of $99.56. The company has a market capitalization of $1.09 billion, a PE ratio of 9.73, a P/E/G ratio of 0.65 and a beta of 1.81.

Institutional Investors Weigh In On Jack in the Box

A number of large investors have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD boosted its holdings in 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 purchasing an additional 644 shares in the last quarter. EntryPoint Capital LLC boosted its holdings in Jack in the Box by 73.2% in the first quarter. EntryPoint Capital LLC now owns 866 shares of the restaurant operator’s stock worth $59,000 after purchasing an additional 366 shares in the last quarter. MQS Management LLC bought a new stake in Jack in the Box in the first quarter worth $260,000. CANADA LIFE ASSURANCE Co boosted its holdings in Jack in the Box by 4.5% in the first 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 in the last quarter. Finally, UniSuper Management Pty Ltd bought a new stake in Jack in the Box during the first quarter valued at about $425,000. 99.79% of the stock is currently owned by institutional investors.

Insider Transactions at Jack in the Box

In other news, Director Michael W. Murphy sold 1,332 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $72.58, for a total value of $96,676.56. Following the transaction, the director now directly owns 71,035 shares of the company’s stock, valued at $5,155,720.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.60% of the stock is currently owned by company insiders.

Jack in the Box Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 25th. Stockholders of record on Thursday, June 6th will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date of this dividend is Wednesday, June 5th. Jack in the Box’s dividend payout ratio (DPR) is presently 30.99%.

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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