Wedbush Weighs in on Jack in the Box Inc.’s Q4 2024 Earnings (NASDAQ:JACK)

Jack in the Box Inc. (NASDAQ:JACK) – Investment analysts at Wedbush lowered their Q4 2024 earnings per share (EPS) estimates for Jack in the Box in a note issued to investors on Tuesday, August 6th. Wedbush analyst N. Setyan now expects that the restaurant operator will post earnings per share of $1.11 for the quarter, down from their prior estimate of $1.40. Wedbush currently has a “Outperform” rating and a $60.00 target price on the stock. The consensus estimate for Jack in the Box’s current full-year earnings is $6.29 per share.

Jack in the Box (NASDAQ:JACK) last posted its earnings results on Tuesday, August 6th. The restaurant operator reported $1.65 earnings per share for the quarter, topping analysts’ consensus estimates of $1.51 by $0.14. The firm had revenue of $369.17 million for the quarter, compared to analyst estimates of $371.81 million. Jack in the Box had a net margin of 7.07% and a negative return on equity of 16.97%. The company’s revenue for the quarter was down 7.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.45 EPS.

Other equities research analysts have also recently issued research reports about the company. Bank of America decreased their price target on Jack in the Box from $83.00 to $79.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. Piper Sandler decreased their target price on shares of Jack in the Box from $60.00 to $56.00 and set a “neutral” rating for the company in a research report on Wednesday. StockNews.com downgraded shares of Jack in the Box from a “hold” rating to a “sell” rating in a research report on Wednesday. The Goldman Sachs Group started coverage on shares of Jack in the Box in a research note on Thursday, June 13th. They issued a “sell” rating and a $55.00 price objective on the stock. Finally, Royal Bank of Canada lowered their target price on shares of Jack in the Box from $75.00 to $70.00 and set an “outperform” rating for the company in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $69.76.

Jack in the Box Stock Up 1.8 %

NASDAQ JACK opened at $53.53 on Friday. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of 9.42, a PEG ratio of 0.76 and a beta of 1.91. Jack in the Box has a twelve month low of $46.10 and a twelve month high of $88.36. The stock has a fifty day simple moving average of $53.26 and a 200 day simple moving average of $61.40.

Institutional Trading of Jack in the Box

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC purchased a new position in shares of Jack in the Box during the fourth quarter valued at approximately $900,000. Allspring Global Investments Holdings LLC boosted its holdings in Jack in the Box by 11.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 499,987 shares of the restaurant operator’s stock worth $40,814,000 after acquiring an additional 53,294 shares during the last quarter. Louisiana State Employees Retirement System bought a new stake in shares of Jack in the Box in the 4th quarter worth $824,000. Phocas Financial Corp. raised its holdings in shares of Jack in the Box by 1.8% in the fourth quarter. Phocas Financial Corp. now owns 76,898 shares of the restaurant operator’s stock valued at $6,277,000 after purchasing an additional 1,375 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of Jack in the Box by 3.5% during the fourth quarter. Victory Capital Management Inc. now owns 137,037 shares of the restaurant operator’s stock valued at $11,186,000 after purchasing an additional 4,635 shares in the last quarter. 99.79% of the stock is owned by institutional investors.

Insider Buying and Selling at Jack in the Box

In other news, CEO Darin S. Harris sold 598 shares of the business’s stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $51.64, for a total transaction of $30,880.72. Following the completion of the sale, the chief executive officer now directly owns 90,887 shares of the company’s stock, valued at $4,693,404.68. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last three months, insiders have sold 800 shares of company stock valued at $41,514. Corporate insiders own 1.60% of the company’s stock.

Jack in the Box Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 19th. Shareholders of record on Friday, August 30th will be issued a dividend of $0.44 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.76 annualized dividend and a yield of 3.29%. Jack in the Box’s payout ratio is 30.99%.

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.