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Jack in the Box stock hits 52-week low at $40.79 amid market challenges

Published 18/12/2024, 21:06
Jack in the Box stock hits 52-week low at $40.79 amid market challenges
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In a turbulent market environment, Jack in the Box Inc. (NASDAQ:JACK) has seen its stock price tumble to a 52-week low, touching down at $40.79, with a concerning 10.8% decline just this past week. According to InvestingPro analysis, the company maintains a 4.1% dividend yield and has consistently paid dividends for 11 consecutive years. The fast-food chain, known for its diverse menu and late-night dining options, has faced a challenging year, with its stock price halving in value, reflecting a significant 1-year change of -46.8%. This downturn mirrors broader industry struggles, as consumer spending habits shift and operational costs rise. While current market sentiment appears bearish, InvestingPro data reveals that management has been actively buying back shares, and analysts expect net income growth this year. Investors and analysts are closely monitoring the company's performance, seeking signs of a turnaround that could reinvigorate the stock's valuation. For deeper insights, including 8 additional ProTips and comprehensive financial analysis, explore the full Pro Research Report available on InvestingPro.

In other recent news, Jack in the Box's earnings per share (EPS) estimates for fiscal year 2025 have been revised by several financial firms. Stifel adjusted its 12-month price target down to $52 from $55, maintaining a Hold rating. This decision came after a thorough review of the fast-food chain's recent earnings report and annual 10-K filing. TD Cowen reaffirmed its Hold rating with a steady price target of $50, despite lowering its EPS estimates for 2025 and 2026. RBC Capital Markets reduced its price target from $70 to $65, but kept an Outperform rating. Goldman Sachs also adjusted its outlook, reducing the price target to $43 from $47 while maintaining a Sell rating.

These revisions reflect anticipated increases in Selling, General, and Administrative (SG&A) expenses, pressure on restaurant margins, and a potential reduction in share repurchases. The analysts also noted potential challenges in the fast-food landscape, competitive pressure from McDonald's (NYSE:MCD), and the impact of increased wages in California. Despite these factors, Jack in the Box has made significant strides in digital expansion, new market penetration, and restaurant development. The company's projected operating EPS for fiscal 2025 is between $5.05 and $5.45. These recent developments underline the evolving financial landscape for Jack in the Box.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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