Following these transactions, Super's direct ownership in Jack in the Box (NASDAQ:JACK) stands at 16,815 shares. The stock sales were primarily conducted to satisfy tax withholding obligations upon the vesting of performance shares and restricted stock units, as per the company's automatic sell-to-cover policy. The company, with a current market capitalization of approximately $753 million, is among the 1,400+ US stocks covered by detailed Pro Research Reports on InvestingPro. The company, with a current market capitalization of approximately $753 million, is among the 1,400+ US stocks covered by detailed Pro Research Reports on InvestingPro.
Following these transactions, Super's direct ownership in Jack in the Box stands at 16,815 shares. The stock sales were primarily conducted to satisfy tax withholding obligations upon the vesting of performance shares and restricted stock units, as per the company's automatic sell-to-cover policy. The company, with a current market capitalization of approximately $753 million, is among the 1,400+ US stocks covered by detailed Pro Research Reports on InvestingPro.
Following these transactions, Super's direct ownership in Jack in the Box stands at 16,815 shares. The stock sales were primarily conducted to satisfy tax withholding obligations upon the vesting of performance shares and restricted stock units, as per the company's automatic sell-to-cover policy.
In other recent news, Jack in the Box has experienced a series of adjustments in its stock projections by various financial firms. Stifel revised the 12-month price target for the fast-food chain to $52.00, maintaining a Hold rating. This adjustment comes after a review of the company's earnings report and 10-K filing, revealing potential increases in expenses and pressure on restaurant margins. The firm also revised the earnings per share (EPS) estimate for the fiscal year 2025 to $5.36, slightly below the consensus estimate.
TD Cowen reaffirmed its Hold rating on Jack in the Box shares with a steady price target of $50.00. The firm revised its EPS projections for the company for the years 2025 and 2026, lowering its estimates by 11% and 9%, respectively. RBC Capital Markets reduced its price target for Jack In The Box from $70.00 to $65.00, maintaining an Outperform rating. The firm noted several positive factors, including the strong performance in new markets and stable franchisee profitability, despite concerns regarding top-line growth limitation and the impact of increased wages in California.
Goldman Sachs adjusted its outlook on Jack In The Box, reducing the price target to $43.00 from $47.00, while 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 facing a challenging economic environment, Jack In The Box made strides in digital expansion, new market penetration, and restaurant development. Over 14% of the company's sales were digital, and agreements were signed for 464 new restaurants. For fiscal 2025, the company projects an operating EPS between $5.05 and $5.45. These are among the recent developments concerning Jack in the Box.
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