Jack in the Box Inc. (NASDAQ:JACK) - Equities researchers at Jefferies Financial Group upped their FY2023 earnings estimates for Jack in the Box in a report released on Tuesday, November 23rd. Jefferies Financial Group analyst A. Slagle now expects that the restaurant operator will earn $7.95 per share for the year, up from their previous forecast of $7.67.
JACK has been the topic of a number of other research reports. Robert W. Baird reduced their target price on Jack in the Box from $110.00 to $100.00 and set a "neutral" rating on the stock in a research note on Wednesday. The Goldman Sachs Group reduced their target price on Jack in the Box from $134.00 to $118.00 and set a "buy" rating on the stock in a research note on Wednesday. Truist Securities decreased their price objective on Jack in the Box from $142.00 to $130.00 and set a "buy" rating on the stock in a report on Wednesday. Truist decreased their price objective on Jack in the Box from $142.00 to $130.00 and set a "buy" rating on the stock in a report on Wednesday. Finally, Cowen decreased their price objective on Jack in the Box from $140.00 to $130.00 and set an "outperform" rating on the stock in a report on Wednesday. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $117.17.
JACK opened at $89.47 on Thursday. The stock has a market cap of $1.94 billion, a PE ratio of 12.39, a P/E/G ratio of 0.79 and a beta of 1.76. Jack in the Box has a 52 week low of $87.71 and a 52 week high of $124.53. The business's fifty day simple moving average is $99.06 and its 200 day simple moving average is $106.35. Jack in the Box (NASDAQ:JACK) last issued its quarterly earnings data on Monday, November 22nd. The restaurant operator reported $1.75 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $1.74 by $0.01. The company had revenue of $278.50 million for the quarter, compared to the consensus estimate of $288.76 million. Jack in the Box had a negative return on equity of 20.52% and a net margin of 14.69%. The firm's revenue was up 9.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.61 earnings per share.
Hedge funds have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Jack in the Box during the 2nd quarter worth approximately $33,000. Captrust Financial Advisors grew its holdings in shares of Jack in the Box by 197.7% during the 1st quarter. Captrust Financial Advisors now owns 649 shares of the restaurant operator's stock worth $71,000 after acquiring an additional 431 shares during the period. Rocky Mountain Advisers LLC purchased a new position in shares of Jack in the Box during the 3rd quarter worth approximately $73,000. US Asset Management LLC purchased a new position in shares of Jack in the Box during the 3rd quarter worth approximately $83,000. Finally, Dark Forest Capital Management LP grew its holdings in shares of Jack in the Box by 677.2% during the 3rd quarter. Dark Forest Capital Management LP now owns 956 shares of the restaurant operator's stock worth $93,000 after acquiring an additional 833 shares during the period. Hedge funds and other institutional investors own 98.87% of the company's stock.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 23rd. Shareholders of record on Thursday, December 9th will be issued a dividend of $0.44 per share. The ex-dividend date is Wednesday, December 8th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.97%. Jack in the Box's dividend payout ratio (DPR) is 24.38%.
About Jack in the Box
Jack in the Box, Inc engages in operating and franchising a chain of quick-service and fast-casual restaurants. It operates through the Jack in the Box Restaurant segments. The Jack in the Box Restaurant segment offers a broad selection of distinctive products including burgers like Jumbo Jack burgers, and product lines such as Buttery Jack burgers including the Brunchfast menu.
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