It has been about a month since the last earnings report for Jack In The Box (JACK) . Shares have lost about 2.6% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Jack In The Box due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Jack in the Box Q1 Earnings Match Esti ...

Core Viewpoint - Jack in the Box Inc. (JACK) is expected to benefit from menu innovation, digital initiatives, and expansion efforts, while facing challenges from labor and utility inflation [1] Factors Driving Growth - Emphasis on Menu Innovation: The company is focused on maintaining brand uniqueness and enhancing breakfast offerings through digital channels. New value menu items and deals are set for release in 2024, including a $3 wrap and a $10 Fan Phase, along with promotions like two tacos for 99 cents [2] - Improving Delivery Channels: JACK is investing in third-party delivery services and digital operations, reporting a 12% year-over-year growth in digital sales during the first quarter of fiscal 2024. The implementation of a new point-of-sale system aims to enhance automation and efficiency [3] - Focus on Franchising to Drive Growth: The company is working on improving franchisee relationships and announced two new franchise agreements during the first quarter of fiscal 2024, expanding into Florida and Michigan [4] - Del Taco to Drive Growth: Del Taco reported a 2.2% increase in same-store sales during the first quarter of fiscal 2024, driven by a successful Birria promotion [4][5] Concerns - Recent Performance: JACK's shares have decreased by 0.1% over the past six months, contrasting with a 7.7% rise in the industry, primarily due to wage and utility inflation [6] - Margin Contraction: Del Taco's restaurant level margin contracted by 50 basis points year over year to 15.6%, influenced by wage inflation of approximately 3.2% and increased utility costs [7]

Core Viewpoint - Jack In the Box shares have been underperforming compared to peers, but analysts see a potential entry opportunity with a target upside of 30% [1][4] Recent Performance - Jack In the Box shares are down over 10% from their peak in January, currently trading at levels last seen in 2014 [1] - The company reported a revenue contraction of more than 7% year on year, missing analyst expectations [2] Analyst Sentiment - Wedbush upgraded Jack In the Box from Neutral to Outperform, raising the price target to $88, indicating a 20% upside [2][3] - Oppenheimer also reiterated an Outperform rating with a price target of $98, suggesting a projected upside of approximately 30% [4] Valuation Comparison - Jack In the Box is trading at a 45% discount compared to franchised quick service restaurant peers, with a price-to-earnings (PE) ratio of 13, significantly lower than McDonald's at 24 and Chipotle's at 62 [3] Technical Analysis - Shares are expected to consolidate in the low $70s, with a critical support level established above $72, which is essential for a potential upward movement towards the price targets set by analysts [5]

Group 1 - Jack in the Box is offering a free Oreo® Cookie Mint Shake with any $1 minimum purchase on St. Patrick's Day through the Jack app or website [1] - The Oreo® Cookie Mint Shake has been a popular seasonal item since its introduction in 2011, becoming a St. Patrick's Day staple for fast food fans [1] - The shake features real Oreo® cookie pieces, whipped cream, and a cherry, and will be available nationwide until mid-April starting at $5.49 [2] Group 2 - Jack in the Box Inc. operates and franchises Jack in the Box®, one of the largest hamburger chains in the U.S. with over 2,180 locations across 21 states [3] - The company also operates Del Taco®, the second largest Mexican-American QSR chain in the U.S. with approximately 600 restaurants across 15 states [3] - For more information on franchising opportunities, the company provides resources on its websites [3]

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.It also includes access to the Zacks Style Scores.What are the Zacks Style Scores?Developed alongsi ...

SAN DIEGO--(BUSINESS WIRE)--Jack in the Box Inc. (NASDAQ: JACK) announces the retirement of SVP, Chief Supply Chain Officer Dean Gordon after 15 years at the organization. Gordon joined the Company in February 2009 and has been pivotal in driving its growth and success. He has been Senior Vice President and Chief Supply Chain Officer since November 2019. During his tenure, Gordon has spearheaded numerous cost savings initiatives and built invaluable relationships with the Company’s franchise owners, supp ...

OPELIKA, Ala., Feb. 28, 2024 (GLOBE NEWSWIRE) -- Del Taco, the nation's second-largest Mexican quick service restaurant*, announced today the opening of its new Fresh Flex location at 3065 Pepperell Parkway. The new location marks the third restaurant for franchisee and Alabama native Clay Gullatt. The restaurant features the brand's bold, modern design that optimizes operational efficiencies and improves the guest experience. It is also one of the first openings of the company's 60th anniversary year. Del ...

Jack in the Box Inc. (JACK) reported mixed first-quarter fiscal 2024 results, with earnings meeting the Zacks Consensus Estimate and revenues beating the same. The top and the bottom line declined from the prior-year quarter’s levels.Earnings & Revenues DetailsDuring the fiscal first quarter, adjusted earnings from continuing operations came in at $1.95 per share. The figure was in line with the Zacks Consensus Estimate. The metric declined 3% from $2.01 reported in the prior-year quarter.Quarterly revenues ...

Jack in the Box Inc. (NASDAQ:JACK) Q1 2024 Earnings Conference Call February 21, 2024 5:00 PM ET Company Participants Chris Brandon - Vice President, Investor Relations Darin Harris - Chief Executive Officer Brian Scott - Executive Vice President and Chief Financial Officer Conference Call Participants Brian Bittner - Oppenheimer & Co Sara Senatore - Bank of America Alton Stump - Loop Capital Dennis Geiger - UBS Alexander Slagle - Jefferies Drew North - Baird Eric Gonzalez - KeyBanc Capital Markets Operator ...

Jack In The Box (JACK) reported $487.5 million in revenue for the quarter ended December 2023, representing a year-over-year decline of 7.5%. EPS of $1.95 for the same period compares to $2.01 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $480.19 million, representing a surprise of +1.52%. The company has not delivered EPS surprise, with the consensus EPS estimate being $1.95.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and ...