# Jack in the Box Inc. (JACK)

> Source: Nexqual · https://nexqual.com/JACK · data as of 2026-10-23 13:30 UTC · cite as "Nexqual, Jack in the Box Inc. (JACK), nexqual.com/JACK" · informational, not investment advice.

**Price:** USD 11.3 (-0.96% today) · US market open, as of October 23, 2026 at 13:30 UTC; quotes may be delayed. Prev close 11.41 · day 11.3–11.3 · 52w 8.92–23.86 · market cap $217M · NMS

## Key facts
- Last four reported quarters (through Jul 5, 2026): revenue $1.43B, net income $33.7M (2.4% margin), free cash flow $18.2M (SEC filings).
- Valuation: P/E 6.4x (avg 10.0x at the last 1 fiscal year-ends), EV/EBITDA 119.7x, net debt $1.45B.
- Insider open-market sales, last ~7 months: 10 Form 4 filings, $492K; 10 not under a Rule 10b5-1 plan ($492K); 0 by opportunistic insiders, 4 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Insider open-market purchases, last ~7 months: 1 Form 4 filing, $69K; 0 by opportunistic insiders, 0 by routine insiders.
- Analysts: Hold (mean 2.69 on a 1–5 scale) (16 analysts), mean target USD 19.83 (range 12–36).
- Total return with dividends: 1Y -37.9% vs S&P 500 +14.9%; 5Y -87.4% vs S&P 500 +80.3%.
- Next earnings: 2026-11-25, EPS estimate USD 0.45, revenue estimate $253M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $1.14B | $1.47B | $1.69B | $1.57B | $1.47B | $1.43B |
| Operating income | $290M | $248M | $279M | $82.5M | -$18.1M | -$50.3M |
| Net income | $166M | $116M | $131M | -$36.7M | -$80.7M | $33.7M |
| EPS (diluted) | $7.37 | $5.45 | $6.30 | -$1.87 | -$4.24 | — |
| Free cash flow | $160M | $116M | $155M | -$22.4M | $74.1M | $18.2M |
| Operating margin | 25.4% | 16.9% | 16.5% | 5.3% | -1.2% | -3.5% |
| Net margin | 14.5% | 7.9% | 7.7% | -2.3% | -5.5% | 2.4% |
| Revenue growth | +12.0% | +28.4% | +15.3% | -7.2% | -6.7% | — |
| Cash + short-term investments | $73.6M | $136M | $186M | $54.2M | $45.8M | — |
| Total debt | $1.27B | $1.80B | $1.72B | $1.70B | $1.67B | — |
Fiscal years end Sep. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jul 5, 2026)
P/E 6.4x · P/S 0.1x · EV/EBITDA 119.7x · EV/Sales 1.2x · P/FCF 11.9x · FCF yield 8.41% · Earnings yield 15.55% · Dividend yield (paid, TTM) 0.00% · Buyback yield (TTM) 0.00% · Net debt $1.45B · EV $1.66B
P/E at fiscal year-ends: Oct 2023 10.0x.

## Insider sales (SEC Form 4, open-market, last ~7 months)
0 of 10 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-10-13 | King Mark James | Exec Chairman & Interim CEO | 7,013 | $85K | 4% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-09-22 | King Mark James | Exec Chairman & Interim CEO | 5,627 | $77K | 3.1% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-08-14 | King Mark James | Exec Chairman & Interim CEO | 5,647 | $105K | 3% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-07-21 | King Mark James | Exec Chairman & Interim CEO | 5,626 | $83K | 2.9% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-06-18 | King Mark James | Exec Chairman & Interim CEO | 5,911 | $74K | 3% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-05-04 | Mount Carl | SVP, CHF SUPPLY CHAIN OFFICER | 1,142 | $14K | 2.7% | No | Too little history (no open-market trades in 2023 or 2024) |
| 2026-05-04 | Hooper Dawn E | EVP, Chief Financial Officer | 738 | $9K | 2% | No | Routine (sold in Dec each year 2023–2025; this trade is outside those months) |
| 2026-05-04 | Super Sarah L | EVP, Chief Legal&Admin Officer | 1,841 | $22K | 3.4% | No | Routine (sold in Dec each year 2023–2025; this trade is outside those months) |
| 2026-05-04 | Piano Steven | SVP, CHIEF PEOPLE OFFICER | 922 | $11K | 2.2% | No | Routine (sold in May & Dec each year 2023–2025) |
| 2026-05-04 | Cook Richard D | SVP, CHIEF TECHNOLOGY OFFICER | 1,025 | $12K | 2.5% | No | Routine (sold in Nov & Dec each year 2023–2025; this trade is outside those months) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Insider purchases (SEC Form 4, open-market, last ~7 months)
1 purchase, $69K. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-05-28 | Diaz Guillermo Jr | Director | 5,962 | $69K | 11.51 | Too little history (no open-market trades in 2023–2025) |

## Analysts
Consensus Hold (mean 2.69 on a 1–5 scale), 16 analysts; mean target USD 19.83 (low 12, high 36).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-15 | Morgan Stanley | Target lowered | Equal-Weight | $15 → $14 |
| 2026-08-13 | UBS | Target raised | Neutral | $14 → $20 |
| 2026-08-13 | Citigroup | Target raised | Neutral | $17 → $20 |
| 2026-08-13 | RBC Capital | Target raised | Outperform | $16 → $22 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | -37.9% | -87.4% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -38.0% | -34.0% |
| Volatility (annualized) | 74.2% | 51.2% |
| Max drawdown | -60.0% (Jan 2026→Mar 2026) | -89.6% (Nov 2021→Mar 2026) |

## Peers (Restaurants)
CNNE (Cannae Holdings, Inc.) USD 16.43 +2.05% · FWRG (First Watch Restaurant Group, I) USD 11.44 -1.08% · BLMN (Bloomin' Brands, Inc.) USD 10.23 -0.39% · SG (Sweetgreen, Inc.) USD 10.34 +1.17% · BJRI (BJ's Restaurants, Inc.) USD 58.11 -1.16% · WEN (Wendy's Company (The)) USD 6.45 -1.83%

## More
Full page: https://nexqual.com/JACK · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in JACK's own 10-K filed 2025-11-19 (https://www.sec.gov/Archives/edgar/data/807882/000080788225000072/jack-20250928.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | Box | "Nature of products and services — We derive revenue from retail sales at Jack in the Box and Del Taco company-operated restaurants and rental revenue, royalties, advertising, and franchise and other fees from franchise-o…" |

## Revenue by product line (quarter ended 2026-07-05)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Company restaurant sales | $96.3M | 37.4% | +2.3% |
| Franchise | $73.0M | 28.3% | -4.6% |
| Franchise contributions for advertising and other services | $45.3M | 17.6% | -3.9% |
| — Marketing fees (part of Franchise contributions for advertising and other services) | $42.2M | 16.4% | -1.8% |
| — Technology and sourcing fees (part of Franchise contributions for advertising and other services) | $3.1M | 1.2% | -26.0% |
| Franchise royalties and other | $43.1M | 16.7% | -3.4% |
| — Franchise royalties (part of Franchise royalties and other) | $41.9M | 16.3% | -2.8% |
| — Franchise fees and other services (part of Franchise royalties and other) | $1.2M | 0.5% | -22.0% |
| Total revenue | $257.7M | 100% | — |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.45 | $0.77 | -40.9% | $253.5M | 15 |
| Next quarter (ends 2026-12-31) | $1.07 | $1.21 | -11.9% | $352.2M | 11 |
| Current fiscal year (ends 2026-09-30) | $3.16 | $3.39 | -6.8% | $1.12B | 16 |
| Next fiscal year (ends 2027-09-30) | $3.16 | $3.66 | -13.6% | $1.13B | 15 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-12-18 (includes earnings 2026-11-25): ±24.7%; earnings reaction alone ±2.8%; last 8 reports averaged ±8.7%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 72.2% | ±19.5% |
| 2026-12-18 | 56 | 72.0% | ±24.7% |
| 2027-01-15 | 84 | 69.0% | ±28.5% |
| 2027-03-19 | 147 | 73.2% | ±38.7% |
| 2027-06-17 | 237 | 70.9% | ±46.8% |