Jack in the Box (NASDAQ:JACK) Updates FY 2024 Earnings Guidance

Jack in the Box (NASDAQ:JACK) updated its FY 2024 earnings guidance on Tuesday. The company provided earnings per share guidance of 6.100-6.250 for the period, compared to the consensus earnings per share estimate of 6.300. The company issued revenue guidance of -. Jack in the Box also updated its FY24 guidance to $6.10 to $6.25 EPS.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on JACK shares. Morgan Stanley lowered their price target on Jack in the Box from $70.00 to $60.00 and set an equal weight rating for the company in a report on Tuesday, July 16th. The Goldman Sachs Group initiated coverage on shares of Jack in the Box in a research report on Thursday, June 13th. They set a sell rating and a $55.00 price target for the company. Loop Capital decreased their price objective on shares of Jack in the Box from $118.00 to $112.00 and set a buy rating on the stock in a report on Wednesday, May 15th. TD Cowen reaffirmed a hold rating and set a $59.00 price objective on shares of Jack in the Box in a research report on Thursday, June 13th. Finally, Oppenheimer cut their target price on Jack in the Box from $98.00 to $75.00 and set an outperform rating on the stock in a research report on Wednesday, May 15th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of Hold and an average price target of $75.17.

Jack in the Box Stock Up 0.4 %

NASDAQ JACK traded up $0.21 on Tuesday, hitting $53.03. 538,258 shares of the stock were exchanged, compared to its average volume of 484,283. Jack in the Box has a fifty-two week low of $46.10 and a fifty-two week high of $96.82. The company has a 50-day moving average price of $53.33 and a 200-day moving average price of $61.83. The company has a market cap of $1.03 billion, a PE ratio of 9.34, a PEG ratio of 0.76 and a beta of 1.91.

Jack in the Box (NASDAQ:JACK) last posted its 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. The firm had revenue of $365.40 million for the quarter, compared to analyst estimates of $369.53 million. Jack in the Box had a negative return on equity of 16.97% and a net margin of 7.07%. Jack in the Box’s revenue for the quarter was down 7.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.47 earnings per share. As a group, equities research analysts predict that Jack in the Box will post 6.29 EPS for the current fiscal 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 paid a $0.44 dividend. 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 is currently 30.99%.

Insider Transactions at Jack in the Box

In related news, CEO Darin S. Harris sold 598 shares of the stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $51.64, for a total value of $30,880.72. Following the transaction, the chief executive officer now directly owns 90,887 shares of the company’s stock, valued at approximately $4,693,404.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders sold 800 shares of company stock worth $41,514. 1.60% of the stock is currently owned by 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.