Jackinthebox — Trading Ideas on TradingView

Jack in the Box | JACK | Long at $18.48 Jack in the Box NASDAQ:JACK has taken a massive hit to its stock price since its peak in 2024 at just over $124 a share. It's currently trading around $18 and has entered my "crash" simple moving average zone. More often than not, this area signifies a bottom (or future bounce), but I view it more as a consolidation area to accumulate shares. Float = 18M; short interest = 19%... Looking at NASDAQ:JACK fundamentally, this isn't the healthiest of restaurant companies. It is using a high level of debt to finance its operations and a high dividend yield of 9.28%. The company's revenue and profits have been slowly declining since 2023, as well. However, after 2025, the company anticipates a slow turnaround to begin. It will be closing 80-120 restaurants across the U.S. in 2025, which is a positive to help the company moving forward. NASDAQ:JACK also just got a new CFO and they are (at least from an outsider's view) attempting to change to generate share value. At this share price, I believe the company is in dire straits to get some investor confidence back. It's a strong name with long history. While the stock price may hit true resistance at just under $17, NASDAQ:JACK is in a personal buy zone at $18.48. Targets are set low due to economic uncertainty. Targets: $23.00 (+24.5%) $25.00 (+35.3%)

Jack in the Box Inc. Reports Second Quarter 2024 Earnings Jack in the Box Inc. ( NASDAQ:JACK ) reported Q2 2024 earnings, with same-store sales of 2.5% and Del Taco same-store sales of 1.4%. Systemwide sales were 1.6% and 1.3% respectively. The company's EPS was $1.26, while operating EPS was $1.46. The restaurant level margin was 23.6%, up 2.2% from the previous year. Jack in the Box signed franchise development agreements in Q2 to enter Tallahassee and expand in Orlando, now having 31 restaurant commitments in Florida. Del Taco signed franchisee development agreements in Q2 for 3 restaurants to enter Greensboro, NC, and 10 additional restaurants in Atlanta. New-market restaurants opened in the past 12 months, including Mexico, averaging almost $100k weekly AUV. Chief Executive Officer Darin Harris expressed pride in the execution of the Jack and Del Taco teams, delivering better-than-expected earnings and margin performance despite macro headwinds, pressure on low-income consumers, and California's minimum wage legislation. Sales have improved since the introduction of Smashed Jack in mid-March, and the company has a clear plan to regain same-store sales traction through a strong marketing calendar, new LTOs, and an expanded value menu throughout the remainder of 2024. Jack in the Box performance saw a 2.5% decrease in same-store sales, with both franchise and company-owned restaurants experiencing declines in transactions. Systemwide sales decreased 1.6%. The restaurant-level margin was $23.3 million, or 23.6%, up from $20.4 million, or 21.4%, a year ago, driven primarily by additional company-owned restaurants and commodity deflation. The franchise-level margin was $71.7 million, or 40.4%, a decrease from $73.9 million, or 41.2%, a year ago. Jack in the Box net restaurant count increased in Q2, with three restaurant openings and no restaurant closures. As of Q2 2024, the company currently has 93 signed agreements for a total of 409 restaurants, with 44 openings and 365 remaining for future development. Del Taco's second quarter sales decreased 1.4%, with a 1.1% decline in franchise same-store sales and 1.8% decline in company-operated same-store sales. The decrease was partially offset by a lift in average check. Systemwide sales for the fiscal second quarter decreased 1.3%. The restaurant-level margin was $11.4 million, down from 17.3% a year ago, due to refranchising restaurants and increased costs for labor and utilities. The franchise-level margin was $6.1 million, or 28.9%, compared to $5.1 million, or 37.3%, a year ago. Del Taco expanded its restaurant count in the second quarter, with three openings and no closings. The company-wide performance was also affected by the refranchising efforts, with total revenues decreasing 7.7% to $365.3 million. Net earnings were $25.0 million for the second quarter of fiscal 2024, compared to $26.5 million for the second quarter of fiscal 2023. Adjusted EBITDA was $75.7 million in the second quarter of fiscal 2024 compared to $80.6 million for the prior year quarter. Company-wide SG&A expense for the second quarter was $37.5 million, a decrease of $1.9 million compared to the prior year quarter. The income tax provisions reflect an effective tax rate of 26.5% in the second quarter of 2024, as compared to 34.8% in the second quarter of fiscal year 2023. The Non-GAAP Operating EPS tax rate for the second quarter of 2024 was 27.1%. Capital allocation included repurchasing 0.2 million shares of common stock for an aggregate cost of $15.0 million in the second quarter. As of the end of the second quarter, there was $210.0 million remaining under the Board-authorized stock buyback program. On May 10, 2024, the Board of Directors declared a cash dividend of $0.44 per share, to be paid on June 25, 2024, to shareholders of record as of the close of Q2.

Jack In The Box Inc. (NASDAQ:JACK) Remains Optimistic for Growth Jack In The Box Inc. (NASDAQ: JACK) released its fourth-quarter financial results on November 22, 2023. The company reported earnings of $1.09 per share, which fell short of the estimated $1.15 per share. However, the revenue exceeded expectations, reaching $372.524 million compared to the projected $372.382 million. Despite this, the revenue saw a decline of 7.5% when compared to the same period last year. During the quarter, Jack in the Box restaurant segment experienced a positive growth in same-store sales, with an increase of 3.9%. On the other hand, Del Taco same-store sales declined by 1.5%. Looking ahead to the full-year 2024, the company expects earnings per share to range between $6.25 and $6.50, falling short of the estimated $6.60. Following the announcement, JACK shares experienced a 3.98% decrease in the after-hours session, trading at $65.91. Despite this setback, CEO Darin Harris remains optimistic about the company’s prospects in 2024. He believes there are ample opportunities to expand both brands into new markets and continue driving growth. Overall, although Jack In The Box Inc. faced challenges in meeting earnings estimates and experienced a decline in revenue, the company remains focused on its growth strategy and is confident in its ability to capitalize on future opportunities. JACK Analysist The stock opened at $68.00, slightly lower than the previous day’s closing price of $68.89. Throughout the day, it traded within a range of $66.98 to $71.73. This indicates that there was some volatility in the stock price. The trading volume for the day was 19,542 shares, which is relatively low compared to the average volume of 346,733 shares over the past three months. Jack in the Box Inc. has a market capitalization of $1.4 billion. Looking at the company’s earnings growth, it experienced a decline of 26.17% in the previous year. However, it has managed to turn things around this year with a positive earnings growth of 4.63%. Moreover, the company is expected to continue growing its earnings at a rate of 10.81% over the next five years.

NET SLINGSHOT / JACK IN THE BOX I know very little about CLOUDFLARE but I know a chart I like when I see one. This chart definitely have the candles that light the way to profitability. A nice reminder of what I learned from my mentor : TRADE WHAT YOU SEE or TRADE WHAT YOU KNOW? This is definitely a purely technical approach. Trade now ask questions later. This chart needs no complicated indicators or oscillators. It's purely PRICE ACTION with VOLUME at it's finest. But if you insist on confirmation, check out the MACD crossing up and OBV showing ever increasing buying pressure. Buy at the break of previous days high for potential 10% range expansion. And as always, manage your risk wisely.