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

Jack in the Box (NASDAQ:JACK) issued an update on its FY24 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $6.10 to $6.25 for the period, compared to the consensus estimate of $6.31.

Jack in the Box Price Performance

NASDAQ:JACK traded up $0.21 during mid-day trading on Tuesday, reaching $53.03. The stock had a trading volume of 535,990 shares, compared to its average volume of 484,269. Jack in the Box has a fifty-two week low of $46.10 and a fifty-two week high of $96.82. The business’s 50 day moving average is $53.35 and its 200 day moving average is $62.01. The stock has a market cap of $1.03 billion, a P/E ratio of 9.30, a PEG ratio of 0.76 and a beta of 1.91.

Jack in the Box (NASDAQ:JACK) last announced its quarterly earnings results on Tuesday, May 14th. The restaurant operator reported $1.46 EPS for the quarter, beating the consensus estimate of $1.43 by $0.03. Jack in the Box had a negative return on equity of 16.97% and a net margin of 7.07%. The company had revenue of $365.40 million for the quarter, compared to the consensus estimate of $369.53 million. During the same quarter last year, the company posted $1.47 earnings per share. The company’s revenue for the quarter was down 7.7% compared to the same quarter last year. Equities analysts expect that Jack in the Box will post 6.29 EPS for the current year.

Jack in the Box Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 25th. Shareholders of record on Thursday, June 6th were issued a dividend of $0.44 per share. The ex-dividend date was Thursday, June 6th. This represents a $1.76 annualized dividend and a yield of 3.32%. Jack in the Box’s dividend payout ratio (DPR) is presently 30.99%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on JACK shares. UBS Group reduced their price objective on Jack in the Box from $87.00 to $60.00 and set a neutral rating for the company in a research report on Thursday, May 9th. Wedbush reaffirmed an outperform rating and issued a $68.00 target price on shares of Jack in the Box in a research report on Tuesday, July 30th. TD Cowen reaffirmed a hold rating and issued a $59.00 target price on shares of Jack in the Box in a research report on Thursday, June 13th. Loop Capital reduced their target price on Jack in the Box from $118.00 to $112.00 and set a buy rating for the company in a research report on Wednesday, May 15th. Finally, Royal Bank of Canada reaffirmed an outperform rating and issued a $75.00 target price on shares of Jack in the Box in a research report on Friday, June 7th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Jack in the Box currently has a consensus rating of Hold and a consensus target price of $75.17.

Insider Buying and Selling

In related news, CEO Darin S. Harris sold 598 shares of Jack in the Box stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $51.64, for a total value of $30,880.72. Following the completion of the sale, the chief executive officer now directly owns 90,887 shares in the company, valued at $4,693,404.68. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders sold a total of 800 shares of company stock worth $41,514 over the last three months. 1.60% of the stock is currently owned by company insiders.

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.