Jack in the Box (NASDAQ:JACK - Get Rating) issued an update on its FY 2022 earnings guidance on Thursday morning. The company provided earnings per share guidance of $5.80-$6.10 for the period, compared to the consensus earnings per share estimate of $6.59. The company issued revenue guidance of -.
JACK stock opened at $57.05 on Thursday. The company has a market capitalization of $1.20 billion, a P/E ratio of 9.82, a PEG ratio of 0.59 and a beta of 1.72. Jack in the Box has a twelve month low of $56.52 and a twelve month high of $122.35. The business has a 50 day simple moving average of $75.32 and a 200-day simple moving average of $83.40.
Jack in the Box (NASDAQ:JACK - Get Rating) last posted its quarterly earnings data on Thursday, May 26th. The restaurant operator reported $1.16 earnings per share for the quarter, missing the consensus estimate of $1.36 by ($0.20). The firm had revenue of $322.29 million during the quarter, compared to analyst estimates of $340.81 million. Jack in the Box had a net margin of 10.37% and a negative return on equity of 18.18%. Jack in the Box's revenue was up 25.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.48 earnings per share. On average, equities research analysts expect that Jack in the Box will post 5.95 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 22nd. Stockholders of record on Tuesday, June 7th were issued a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 3.09%. The ex-dividend date was Monday, June 6th. Jack in the Box's payout ratio is currently 30.29%.
JACK has been the subject of several recent research reports. Robert W. Baird decreased their price target on Jack in the Box from $92.00 to $77.00 and set a neutral rating for the company in a report on Friday, May 27th. Credit Suisse Group cut their price objective on Jack in the Box from $99.00 to $84.00 and set an underperform rating for the company in a research report on Friday, May 27th. Cowen cut Jack in the Box from an outperform rating to a market perform rating in a research report on Wednesday. Morgan Stanley dropped their price target on Jack in the Box from $98.00 to $89.00 and set an equal weight rating for the company in a research report on Friday, May 27th. Finally, Cowen cut Jack in the Box from an outperform rating to a market perform rating and set a $68.00 price target for the company. in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of Hold and a consensus price target of $99.04.
Large investors have recently made changes to their positions in the stock. Ancora Advisors LLC purchased a new stake in shares of Jack in the Box during the 1st quarter valued at about $25,000. Cowa LLC purchased a new stake in shares of Jack in the Box during the 1st quarter valued at about $211,000. Lido Advisors LLC purchased a new stake in shares of Jack in the Box during the 1st quarter valued at about $423,000. Eaton Vance Management raised its holdings in shares of Jack in the Box by 4.1% during the 1st quarter. Eaton Vance Management now owns 6,368 shares of the restaurant operator's stock valued at $595,000 after buying an additional 252 shares during the period. Finally, Bank of Montreal Can purchased a new stake in Jack in the Box during the 1st quarter worth approximately $599,000. Institutional investors and hedge funds own 99.09% of the company's stock.
About Jack in the Box (Get Rating)
Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants. As of November 23, 2021, it operated and franchised approximately 2,200 Jack in the Box quick-service restaurants in 21 states and Guam. The company was founded in 1951 and is headquartered in San Diego, California.
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