From Financial Modeling Prep: 2024-11-19 07:46:00

Shares of Jack In The Box (NASDAQ:JACK) dropped 3% pre-market as Deutsche Bank lowered price target from $56 to $51, maintaining a Hold rating. Investors worry about potential misses in Q4 earnings and fiscal 2025 guidance.

Same-store sales likely improved in fiscal Q1, driven by strong burger category and McDonald’s weakness. However, a McDonald’s rebound could impact Jack In The Box sales later in the quarter.

Deutsche Bank predicts Jack In The Box will take a conservative approach in fiscal 2025 guidance due to market uncertainties. EPS estimates have been revised to $5.98 for Q4 and fiscal 2025, down from $6.41, below the consensus estimate of $6.35.



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