Jack in the Box (NASDAQ:JACK) PT Lowered to $68.00 at Wedbush

Jack in the Box (NASDAQ:JACKFree Report) had its target price trimmed by Wedbush from $78.00 to $68.00 in a research note issued to investors on Wednesday morning, Benzinga reports. The firm currently has an outperform rating on the restaurant operator’s stock. Wedbush also issued estimates for Jack in the Box’s Q3 2024 earnings at $1.54 EPS, Q4 2024 earnings at $1.40 EPS, FY2024 earnings at $6.35 EPS, Q1 2025 earnings at $2.08 EPS, Q2 2025 earnings at $1.61 EPS, Q3 2025 earnings at $1.69 EPS, Q4 2025 earnings at $1.54 EPS and FY2025 earnings at $6.92 EPS.

Several other brokerages also recently commented on JACK. Morgan Stanley cut their price target on shares of Jack in the Box from $75.00 to $70.00 and set an equal weight rating on the stock in a report on Wednesday. Truist Financial increased their price target on Jack in the Box from $95.00 to $97.00 and gave the stock a buy rating in a report on Thursday, January 25th. Royal Bank of Canada upped their price objective on Jack in the Box from $78.00 to $82.00 and gave the company an outperform rating in a research report on Thursday, January 25th. Piper Sandler decreased their target price on Jack in the Box from $81.00 to $67.00 and set a neutral rating for the company in a research report on Wednesday, May 8th. Finally, Barclays cut their price target on shares of Jack in the Box from $86.00 to $80.00 and set an equal weight rating on the stock in a report on Friday, February 23rd. Ten analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of Hold and an average target price of $78.56.

Check Out Our Latest Report on Jack in the Box

Jack in the Box Price Performance

Shares of NASDAQ JACK opened at $52.85 on Wednesday. The stock has a market capitalization of $1.02 billion, a P/E ratio of 9.30, a PEG ratio of 0.74 and a beta of 1.81. Jack in the Box has a 1-year low of $52.01 and a 1-year high of $99.56. The business’s 50 day moving average is $61.91 and its two-hundred day moving average is $70.72.

Jack in the Box (NASDAQ:JACKGet Free Report) last released its quarterly earnings results on Tuesday, May 14th. The restaurant operator reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.03. The company 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 quarterly revenue was down 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.47 EPS. As a group, equities research analysts anticipate that Jack in the Box will post 6.33 earnings per share for the current fiscal year.

Jack in the Box Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 25th. Shareholders of record on Thursday, June 6th will be issued a $0.44 dividend. The ex-dividend date is Wednesday, June 5th. This represents a $1.76 dividend on an annualized basis and a yield of 3.33%. Jack in the Box’s dividend payout ratio is presently 30.99%.

Insider Activity

In related news, Director Michael W. Murphy sold 1,332 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $72.58, for a total transaction of $96,676.56. Following the completion of the sale, the director now owns 71,035 shares of the company’s stock, valued at $5,155,720.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. EntryPoint Capital LLC boosted its holdings in Jack in the Box by 73.2% in the first quarter. EntryPoint Capital LLC now owns 866 shares of the restaurant operator’s stock worth $59,000 after acquiring an additional 366 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in Jack in the Box in the 3rd quarter worth approximately $93,000. Headlands Technologies LLC purchased a new stake in Jack in the Box during the 1st quarter worth approximately $97,000. Quadrant Capital Group LLC increased its stake in Jack in the Box by 21.8% during the 4th quarter. Quadrant Capital Group LLC now owns 1,541 shares of the restaurant operator’s stock valued at $126,000 after purchasing an additional 276 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Jack in the Box by 9.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,993 shares of the restaurant operator’s stock worth $163,000 after buying an additional 179 shares during the last quarter. 99.79% of the stock is currently owned by hedge funds and other institutional investors.

About Jack in the Box

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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.

Further Reading

Analyst Recommendations for Jack in the Box (NASDAQ:JACK)

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