Q4 2023 Earnings Estimate for Jack in the Box Inc. (NASDAQ:JACK) Issued By Wedbush

Jack in the Box Inc. (NASDAQ:JACKGet Rating) – Wedbush lowered their Q4 2023 earnings estimates for shares of Jack in the Box in a note issued to investors on Wednesday, November 23rd. Wedbush analyst N. Setyan now anticipates that the restaurant operator will post earnings per share of $1.36 for the quarter, down from their previous estimate of $1.61. Wedbush has a “Outperform” rating and a $100.00 price objective on the stock. The consensus estimate for Jack in the Box’s current full-year earnings is $5.45 per share. Wedbush also issued estimates for Jack in the Box’s Q2 2024 earnings at $1.54 EPS and FY2024 earnings at $6.61 EPS.

JACK has been the topic of a number of other reports. StockNews.com initiated coverage on shares of Jack in the Box in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Wolfe Research initiated coverage on shares of Jack in the Box in a report on Wednesday, September 21st. They issued a “peer perform” rating on the stock. Cowen lifted their price objective on shares of Jack in the Box from $70.00 to $80.00 and gave the company a “market perform” rating in a report on Friday, November 18th. Credit Suisse Group lowered their price objective on shares of Jack in the Box from $84.00 to $73.00 and set an “underperform” rating on the stock in a report on Wednesday. Finally, Royal Bank of Canada raised their target price on shares of Jack in the Box from $84.00 to $90.00 and gave the company an “outperform” rating in a research note on Thursday, August 11th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Jack in the Box currently has a consensus rating of “Hold” and an average price target of $86.04.

Jack in the Box Stock Up 1.0 %

NASDAQ JACK opened at $71.95 on Thursday. Jack in the Box has a 12-month low of $54.80 and a 12-month high of $96.87. The company has a market capitalization of $1.52 billion, a PE ratio of 13.15, a price-to-earnings-growth ratio of 0.77 and a beta of 1.66. The firm’s 50 day moving average is $81.01 and its 200-day moving average is $75.14.

Jack in the Box Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 22nd. Shareholders of record on Wednesday, December 7th will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Tuesday, December 6th. This represents a $1.76 dividend on an annualized basis and a yield of 2.45%. Jack in the Box’s dividend payout ratio (DPR) is 32.18%.

Hedge Funds Weigh In On Jack in the Box

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JACK. SG Americas Securities LLC lifted its holdings in shares of Jack in the Box by 642.6% during the second quarter. SG Americas Securities LLC now owns 10,716 shares of the restaurant operator’s stock worth $601,000 after buying an additional 9,273 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new stake in shares of Jack in the Box during the first quarter worth $205,000. Hawk Ridge Capital Management LP lifted its holdings in shares of Jack in the Box by 102.6% during the first quarter. Hawk Ridge Capital Management LP now owns 667,623 shares of the restaurant operator’s stock worth $62,363,000 after buying an additional 338,068 shares in the last quarter. Teachers Retirement System of The State of Kentucky lifted its holdings in shares of Jack in the Box by 104.3% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 7,389 shares of the restaurant operator’s stock worth $690,000 after buying an additional 3,773 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd lifted its holdings in shares of Jack in the Box by 404.7% during the second quarter. Y Intercept Hong Kong Ltd now owns 12,788 shares of the restaurant operator’s stock worth $717,000 after buying an additional 10,254 shares in the last quarter. 99.09% of the stock is owned by institutional investors.

About Jack in the Box

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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.

See Also

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

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