Streetbeat News

JACK

Jack in the Box Inc.

https://www.jackinthebox.com

Industry

Restaurants

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.

Open

31.18

Mkt cap

591M

Volume

810K

High

32.15

P/E Ratio

-16.76

52-wk high

74.24

Low

30.76

Div yield

0.04

52-wk low

30.76

Jack In The Box reported Q2 adjusted earnings of $1.46 per share, surpassing the $1.42 estimate, but its sales of $365.35M fell short of the $368.64M forecast. This represents a slight decrease in earnings and a 7.68% drop in sales from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 14, 2024 | 1:03 pm

Market sentiment is cautious as traders await inflation reports and Federal Reserve officials' speeches, including Chairman Jerome Powell. Home Depot reported disappointing revenue but met earnings expectations, hinting at consumer discretionary spending softness. Premarket trading saw slight gains in SPDR S&P 500 ETF Trust and Invesco QQQ ETF. GameStop and AMC Entertainment saw significant premarket surges. Upcoming economic data includes the producer price inflation report and speeches by Fed officials.

Portfolio Pulse from Shanthi Rexaline

May 14, 2024 | 11:06 am

UBS analyst Dennis Geiger has maintained a Neutral rating on Jack In The Box (NASDAQ:JACK) and lowered the price target from $87 to $60.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 6:32 pm

Wall Street analysts have updated their price targets and ratings for several US-listed companies, impacting their stock prices. Notably, Datadog's price target was raised from $130 to $140 by Baird with an upgrade to Outperform, despite a recent 11.5% drop in its shares. ZoomInfo Technologies saw a downgrade from Piper Sandler, with a price target cut from $24 to $15, following a 3.6% decline in its shares. Other companies such as MoneyLion, Orthofix Medical, McKesson, Occidental Petroleum, Confluent, Nasdaq, Crexendo, and Jack in the Box also experienced changes in their analyst ratings and price targets.

Portfolio Pulse from Avi Kapoor

May 08, 2024 | 12:43 pm

Piper Sandler analyst Brian Mullan maintains a Neutral rating on Jack In The Box (NASDAQ:JACK) and lowers the price target from $81 to $67.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 12:13 pm

California's minimum wage increase for fast-food workers has led to menu price hikes across the state, with chains like Chipotle, McDonald's, Jack in the Box, and Shake Shack planning to raise prices. This follows a mandated rise in hourly pay to $20 by April, causing a statewide average price increase of 10%, outpacing other regions. Chipotle reported a 6% to 7% price increase at its California locations.

Portfolio Pulse from Shivani Kumaresan

April 29, 2024 | 4:33 pm

California's new law mandates a $20 minimum wage for fast-food employees at chains with at least 60 locations nationwide, affecting major companies like McDonald's, Starbucks, and Yum! Brands. Since the law's implementation on April 1, many of these companies have seen their stock values drop. Some are considering cutting hours and raising prices, while others explore automation to offset increased labor costs. Casual dining restaurants could benefit from this shift if they manage to maintain their pricing.

Portfolio Pulse from Natan Ponieman

April 15, 2024 | 9:12 pm

Morgan Stanley analyst John Glass maintains an Equal-Weight rating on Jack In The Box (NASDAQ:JACK) and lowers the price target from $80 to $75.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 5:07 pm

TD Cowen analyst Andrew Charles maintains a Hold rating on Jack In The Box (NASDAQ:JACK) and lowers the price target from $82 to $73.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 11:53 am

TD Cowen analyst Andrew Charles has reiterated a Hold rating on Jack In The Box (NASDAQ:JACK) and maintained an $82 price target.

Portfolio Pulse from Benzinga Newsdesk

April 11, 2024 | 5:39 pm

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