Dawn E. Hooper, Senior Vice President and Controller at Jack in the Box Inc. (NASDAQ:JACK), recently sold 237 shares of the company's common stock. The shares were sold at an average price of $44.8075 each, amounting to a total transaction value of $10,619. The transaction comes as JACK trades near its 52-week low of $40.84, with the stock down over 42% year-to-date. According to InvestingPro analysis, the stock is currently trading below its Fair Value. Following this sale, Hooper retains ownership of 9,937 shares. The transaction was conducted to satisfy a tax withholding obligation related to the vesting of restricted stock units, as per the company's policy for an automatic sell-to-cover arrangement. Despite recent price volatility, InvestingPro data shows the company has maintained dividend payments for 11 consecutive years, with management actively pursuing share buybacks. For deeper insights into JACK's valuation and future prospects, 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 has been the subject of several analyst adjustments following its recent earnings report. Stifel revised its price target down to $52.00, citing concerns over increased expenses and pressure on restaurant margins. The firm also noted a potential reduction in share repurchases by the company and fewer refranchising transactions involving Del Taco than previously expected. Stifel's revised earnings per share (EPS) estimate for the fiscal year 2025 stands at $5.36, slightly below the consensus estimate on the street.
Similarly, TD (TSX:TD) Cowen maintained its hold rating on Jack in the Box shares with a steady price target of $50.00. The firm highlighted the company's efforts to sustain current quarter trends but expressed caution regarding potential challenges ahead due to the competitive pressure from other fast-food chains. TD Cowen revised its EPS projections for the years 2025 and 2026, lowering its estimates by 11% and 9% respectively.
RBC (TSX:RY) Capital Markets adjusted its price target for Jack in the Box from $70.00 to $65.00, maintaining an Outperform rating. Despite lower-than-anticipated financial results, RBC Capital sees a favorable risk/reward balance for the fast-food chain and expressed optimism about the company's comparable sales guidance.
Goldman Sachs (NYSE:GS), on the other hand, reduced its price target to $43.00 from $47.00, maintaining a Sell rating. The firm acknowledged the potential for a turnaround but requires more definitive signs of unit growth and same-store sales growth improvement before changing its stance.
Despite these adjustments, Jack in the Box made significant strides in digital expansion, new market penetration, and restaurant development, with over 14% of the company's sales being digital. The company also signed agreements for 464 new restaurants. For fiscal 2025, the company projects an operating EPS between $5.05 and $5.45.
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