Jack in the Box Inc. (NASDAQ:JACK) to Post Q2 2022 Earnings of $1.16 Per Share, Oppenheimer Forecasts

Jack in the Box Inc. (NASDAQ:JACK – Get Rating) – Investment analysts at Oppenheimer dropped their Q2 2022 earnings per share (EPS) estimates for shares of Jack in the Box in a report issued on Monday, May 23rd. Oppenheimer analyst B. Bittner now expects that the restaurant operator will post earnings of $1.16 per share for the quarter, down from their prior forecast of $1.27. Oppenheimer currently has a “Outperform” rating and a $107.00 target price on the stock. Oppenheimer also issued estimates for Jack in the Box’s Q2 2022 earnings at $1.16 EPS, Q3 2022 earnings at $1.39 EPS, Q3 2022 earnings at $1.39 EPS, Q4 2022 earnings at $1.43 EPS, Q4 2022 earnings at $1.43 EPS, FY2022 earnings at $5.96 EPS and FY2022 earnings at $5.96 EPS.

Several other equities research analysts have also recently commented on JACK. UBS Group cut their price target on Jack in the Box from $93.00 to $85.00 and set a “na” rating for the company in a report on Wednesday, May 18th. Zacks Investment Research raised shares of Jack in the Box from a “hold” rating to a “buy” rating and set a $93.00 target price on the stock in a research note on Tuesday, April 26th. Robert W. Baird raised their price target on shares of Jack in the Box from $84.00 to $92.00 in a report on Thursday, February 24th. Cowen decreased their price objective on Jack in the Box from $130.00 to $115.00 and set an “outperform” rating on the stock in a report on Monday, February 7th. Finally, Gordon Haskett cut Jack in the Box from a “buy” rating to a “hold” rating and set a $96.00 target price for the company. in a research note on Monday, February 28th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $107.77.

JACK stock opened at $68.54 on Wednesday. The firm has a 50-day moving average of $85.56 and a two-hundred day moving average of $87.44. Jack in the Box has a 12 month low of $68.29 and a 12 month high of $122.70. The company has a market cap of $1.44 billion, a price-to-earnings ratio of 9.76, a PEG ratio of 0.65 and a beta of 1.70.

Jack in the Box (NASDAQ:JACK – Get Rating) last posted its quarterly earnings results on Wednesday, February 23rd. The restaurant operator reported $1.97 earnings per share for the quarter, topping analysts’ consensus estimates of $1.92 by $0.05. Jack in the Box had a net margin of 13.41% and a negative return on equity of 19.33%. The firm had revenue of $344.70 million for the quarter, compared to analyst estimates of $345.88 million. During the same period in the previous year, the business posted $2.16 earnings per share. Jack in the Box’s quarterly revenue was up 1.8% on a year-over-year basis.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 22nd. Stockholders of record on Wednesday, March 9th were paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 2.57%. The ex-dividend date of this dividend was Tuesday, March 8th. Jack in the Box’s payout ratio is currently 25.07%.

In other Jack in the Box news, Director Michael W. Murphy sold 859 shares of the stock in a transaction dated Thursday, March 10th. The stock was sold at an average price of $83.11, for a total value of $71,391.49. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.10% of the company’s stock.

Several large investors have recently made changes to their positions in the business. Capital World Investors acquired a new stake in shares of Jack in the Box in the 1st quarter valued at $98,706,000. Walleye Capital LLC purchased a new position in Jack in the Box in the first quarter valued at $3,803,000. Weiss Multi Strategy Advisers LLC acquired a new stake in Jack in the Box in the first quarter valued at $5,351,000. Lido Advisors LLC purchased a new stake in Jack in the Box during the 1st quarter worth about $423,000. Finally, Eaton Vance Management boosted its position 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 worth $595,000 after acquiring an additional 252 shares in the last quarter. 99.09% of the stock is currently owned by institutional investors.

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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