Q2 2022 Earnings Estimate for Jack in the Box Inc. (NASDAQ:JACK) Issued By Truist Securiti

Jack in the Box Inc. (NASDAQ:JACK) – Equities researchers at Truist Securiti cut their Q2 2022 EPS estimates for shares of Jack in the Box in a research note issued to investors on Tuesday, November 23rd. Truist Securiti analyst J. Bartlett now forecasts that the restaurant operator will earn $1.52 per share for the quarter, down from their prior forecast of $1.59. Truist Securiti also issued estimates for Jack in the Box’s FY2023 earnings at $7.85 EPS.

Other research analysts also recently issued research reports about the company. Truist Securities lowered their price objective on Jack in the Box from $142.00 to $130.00 and set a “buy” rating for the company in a research note on Wednesday. Stifel Nicolaus downgraded shares of Jack in the Box from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $130.00 to $100.00 in a research report on Wednesday. Cowen cut their target price on Jack in the Box from $140.00 to $130.00 and set an “outperform” rating on the stock in a report on Wednesday. Wells Fargo & Company cut their target price on Jack in the Box from $140.00 to $125.00 and set an “overweight” rating on the stock in a report on Thursday, August 5th. Finally, Oppenheimer cut their target price on Jack in the Box from $130.00 to $125.00 and set an “outperform” rating on the stock in a report on Wednesday. One analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $117.17.

Jack in the Box stock opened at $89.47 on Thursday. The business has a 50 day moving average of $98.88 and a 200-day moving average of $106.12. Jack in the Box has a 1 year low of $87.71 and a 1 year high of $124.53. The company has a market capitalization of $1.94 billion, a P/E ratio of 12.39, a P/E/G ratio of 0.79 and a beta of 1.76.

Jack in the Box (NASDAQ:JACK) last released its quarterly earnings data on Monday, November 22nd. The restaurant operator reported $1.75 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.74 by $0.01. Jack in the Box had a negative return on equity of 20.52% and a net margin of 14.69%. The company had revenue of $278.50 million during the quarter, compared to the consensus estimate of $288.76 million. During the same quarter in the prior year, the firm posted $1.61 earnings per share. The firm’s revenue was up 9.0% compared to the same quarter last year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 23rd. Stockholders of record on Thursday, December 9th will be paid a $0.44 dividend. The ex-dividend date of this dividend 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 is currently 24.38%.

Hedge funds have recently bought and sold shares of the business. Advisor Group Holdings Inc. grew its position in shares of Jack in the Box by 2.0% during the third quarter. Advisor Group Holdings Inc. now owns 5,897 shares of the restaurant operator’s stock worth $574,000 after purchasing an additional 114 shares in the last quarter. FinTrust Capital Advisors LLC grew its holdings in Jack in the Box by 17.1% during the 2nd quarter. FinTrust Capital Advisors LLC now owns 994 shares of the restaurant operator’s stock valued at $111,000 after buying an additional 145 shares in the last quarter. MML Investors Services LLC grew its holdings in Jack in the Box by 6.4% during the 2nd quarter. MML Investors Services LLC now owns 2,629 shares of the restaurant operator’s stock valued at $293,000 after buying an additional 158 shares in the last quarter. Oregon Public Employees Retirement Fund grew its holdings in Jack in the Box by 2.5% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 7,838 shares of the restaurant operator’s stock valued at $873,000 after buying an additional 192 shares in the last quarter. Finally, Colony Group LLC grew its holdings in Jack in the Box by 0.7% during the 3rd quarter. Colony Group LLC now owns 29,878 shares of the restaurant operator’s stock valued at $2,908,000 after buying an additional 203 shares in the last quarter. 98.87% of the stock is currently owned by institutional investors.

Jack in the Box Company Profile

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)

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