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:JACKGet 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:JACKGet 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.

Recommended Stories

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

Receive News & Ratings for Jack in the Box Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jack in the Box and related companies with MarketBeat.com's FREE daily email newsletter.