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.

Analysts Set New Price Targets

Several research analysts have issued reports on JACK shares. Bank of America lowered their price objective on shares of Jack in the Box from $83.00 to $79.00 and set a buy rating on the stock in a research report on Wednesday, July 17th. Oppenheimer decreased their price target on shares of Jack in the Box from $98.00 to $75.00 and set an outperform rating on the stock in a research note on Wednesday, May 15th. Loop Capital decreased 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 note on Wednesday, May 15th. Barclays decreased their price target on shares of Jack in the Box from $80.00 to $60.00 and set an equal weight rating on the stock in a research note on Wednesday, May 15th. Finally, The Goldman Sachs Group started coverage on shares of Jack in the Box in a research note on Thursday, June 13th. They set a sell rating and a $55.00 price target on the stock. One analyst has rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of Hold and an average target price of $75.17.

Jack in the Box Trading Up 0.4 %

JACK traded up $0.21 during trading on Tuesday, hitting $53.03. 535,990 shares of the company’s stock were exchanged, compared to its average volume of 484,269. Jack in the Box has a 1 year low of $46.10 and a 1 year high of $96.82. The stock has a 50 day moving average price of $53.35 and a 200 day moving average price of $62.01. The firm has a market cap of $1.03 billion, a P/E ratio of 9.30, a price-to-earnings-growth ratio of 0.76 and a beta of 1.91.

Jack in the Box (NASDAQ:JACK) last released 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. Jack in the Box had a net margin of 7.07% and a negative return on equity of 16.97%. The company had revenue of $365.40 million during the quarter, compared to the consensus estimate of $369.53 million. During the same period in the previous year, the firm earned $1.47 earnings per share. Jack in the Box’s revenue for the quarter was down 7.7% on a year-over-year basis. Analysts forecast that Jack in the Box will post 6.29 earnings per share for the current fiscal year.

Jack in the Box Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 25th. Stockholders of record on Thursday, June 6th were given a dividend of $0.44 per share. The ex-dividend date was Thursday, June 6th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.32%. Jack in the Box’s payout ratio is currently 30.99%.

Insider Transactions at Jack in the Box

In other news, CEO Darin S. Harris sold 598 shares of the business’s stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $51.64, for a total transaction of $30,880.72. Following the transaction, 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 filing with the SEC, which is available at the SEC website. 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.

About Jack in the Box

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.