S&P 500   4,538.43
DOW   34,580.08
QQQ   383.13
S&P 500   4,538.43
DOW   34,580.08
QQQ   383.13
S&P 500   4,538.43
DOW   34,580.08
QQQ   383.13
S&P 500   4,538.43
DOW   34,580.08
QQQ   383.13

Jefferies Financial Group Weighs in on Jack in the Box Inc.'s FY2023 Earnings (NASDAQ:JACK)

Last updated on Thursday, November 25, 2021 | 2021 MarketBeat

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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Earnings History and Estimates for Jack in the Box (NASDAQ:JACK)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

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