Jack In The Box에 대한 매도 수량은 투자자에게 Jack In The Box의 주식 하락에 베팅하는 정도를 알려줍니다. 매도 수량 데이터는 2주마다 업데이트됩니다.

Jack In The Box (NASDAQ:JACK) 주식, 공매도 수량 보고

Jack In The Box

Jack In The Box Inc operates quick-service restaurants and fast-casual restaurants in California, the USA under the brands Jack in the Box. The company menu offers burgers, tacos, regular and curly fries, specialty sandwiches, salads and ice cream shakes. These foods are available with the option of customization as per customer requirements. The company also offer catering and delivery services to its customers. Jack in the Box and Del Taco restaurant brands are the two operating segments, out of which Jack in the box generates maximum revenue.

Restaurants

JACK

PZZA

SBUX

지난 4월부터 캘리포니아 주 내 패스트푸드 직원들은 최저 시급 20달러를 받게 되었다. 이번 달 초부터 시행된 새 법률 덕분에 미국 전역에 60개 이상의 매장을 보유한 캘리포니아의 패스트푸드 체인점들은 그들의 직원들에게 더 많은 임금을 지급해야 한다. 작은 규모의 패스트푸드 점포들은 여전히 시간당 16달러의 주 최저임금을 적용받는다.

캘리포니아 주의 대형 패스트푸드 체인점들의 핫 이슈: 최저 시급 20달러

Jack In The Box Inc

JACK IN THE BOX ORD

JACK HENRY AND ASSOCIATES ORD

JACKSON FINANCIAL CL A ORD

Jack Henry & Associates, Inc. - Common Stock

Jack Henry & Associates Inc

JACK NATHAN MED CORP by Jack Nathan Medical Corp.

Jack Nathan Medical Corp

JACKPOT DIGITAL INC NEW by Jackpot Digital Inc.

Jackpot Digital Inc

JACKSAM CORPORATION by Jacksam Corporation

Jacksam Corp

Jackson Acquisition Co Warrants (01/01/9999)

Jackson Acquisition Company II

Jackson Financial Inc. Class A Common Stock

Jackson Financial Inc

Jackson Financial Inc. Depositary Shares, each representing a 1/1,000th interest in a share of Fixed-Rate Reset Noncumulative Perpetual Preferred Stock, Series A

Jackson Financial Inc FXDFR PRF PERPETUAL USD 25 - Ser A

UBS analyst Dennis Geiger maintains Jack In The Box (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JACK#NASDAQ">JACK</a>) with a Neutral and lowers the price target from $55 to $50.

News

Price Target

Analyst Ratings

UBS Maintains Neutral on Jack In The Box, Lowers Price Target to $50

To assist with a smooth transition, his last day with Jack in the Box will be November 20th.
Dawn Hooper, a Jack in the Box veteran of 24 years who has previously served as interim chief financial officer, will assume the role of principal financial officer on November 1st&nbsp;and interim CFO upon Scott&#39;s departure. She is expected to remain in the role until a permanent successor is appointed.

Management

Jack In The Box CFO Brian Scott Resigns As He Has Accepted New Position Outside Of Restaurant Industry; Dawn Hooper To Assume Role Of Interim CFO

MarketBeat offers numerous tools to investors, but the single most significant is the MarketRank&trade; tool. The MarketRank&nbsp;feature aggregates data for over 1.5 million global listings in eight categories and ranks them accordingly. The overall score runs from a low of one to a high of five, meaning a Five Star stock ranks within the top 1%, making it a high-probability target for long-term-oriented investors. Analysts&#39; sentiment, news sentiment, ownership, short interest, earnings, and valuation are among the categories tracked. This is a look at the top three names heading into October.&nbsp;
<h2>Schlumberger Is the Number One Pick For October Investors</h2>
Texas-based Schlumberger (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/slb#NYSE">SLB</a>) is the world&#39;s largest oilfield services company, offering various services, including reserve management, production, and digitization. The company and the industry are supported by a super-cycle driven by years of underinvestment leading into the post-pandemic era and the need for modernization and efficiency.&nbsp;
Results in 2024 include sustained double-digit top-line growth, margin expansion, and robust cash flow to support its dividend. Schlumberger is well-regarded as a dividend growth stock with the potential to sustain distribution growth indefinitely due to the low payout ratio, cash flow, and balance sheet. The stock yields about 2.6%, with shares trading near a two-year low, providing a value-based entry point for dividend growth investors.&nbsp;
Analyst sentiment cooled somewhat over the summer, but the 19 tracked by MarketBeat continue to rate the stock as a Buy with only one dissenting Hold, no Sells, and a consensus target of $66. The $66 consensus target is down $2 from a year ago but still implies a nearly 60% upside for the market. The low target also offers some upside, highlighting the deep-value opportunity for investors. The short interest is healthy, below 3%, and insider selling is light, providing little headwind for the market. Institutional ownership is solid at over 80% and provides a tailwind for the market, with net activity bullish for the first three quarters of the year.&nbsp;
<img alt="Schlumberger SLB stock chart" class="aligncenter" src="https://www.marketbeat.com/logos/articles/med_20241001083942_chart-slb-1012024.png" style="height:423px; width:917px" />
<h2>Jack in the Box Springs Into the #2 Position According to MarketRank</h2>
Jack in the Box (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jack#NASDAQ">JACK</a>) is a smaller fast-food chain working diligently to re-franchise its network while expanding into new territories and growing organically within existing territories. Results in 2024 include a systemwide top-line contraction resulting from consumer habits, the re-franchise efforts, and a flat YoY store count offset by progress in the development pipeline.
The development pipeline includes nearly 100 agreements for 437 restaurants, of which roughly 10% have been completed. Among the latest details is a move into the Chicago-land region with a 12-unit franchising deal and at least another 100 opportunities for the local market.&nbsp;
Jack in the Box analysts trimmed targets and ratings in the first half 2024. However, the consensus is a strong Hold verging on Buy with a price target 50% above the $42 level, and the low-end range implies a deep value. The lowest target on record is $55 or about 18% upside, with only one analyst rating as Sell and nearly 50% at Buy. JACK stock pays a dividend worth 3.75% with shares at a four-year low, and the payment is safe. Distribution growth has been put on hold, but payments are less than 30% of earnings and are easily sustainable.&nbsp;
<img alt="Jack in the Box JACK stock chart" class="aligncenter" src="https://www.marketbeat.com/logos/articles/med_20241001083953_chart-jack-1012024.png" style="height:423px; width:917px" />
<h2>Investors Have a Friend in Ally Financial&#39;s Dividend</h2>
Auto-lender Ally Financial (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ally#NYSE">ALLY</a>) faces struggles in 2024 due to economic conditions and weakened consumer strength, but it is in a solid financial position and can reliably pay its dividends. The latest results included a boosted outlook for credit write-offs, which impacted the share price and sparked a shift in analysts&#39; sentiment favoring investors.&nbsp;
The analysts trimmed their targets over the summer but continue to rate the stock as a strong Hold verging on Buy, with the two sell ratings offset by eight buys and seven holds.
The latest update is from Citigroup, which added the name to its focus list. Analysts at Citi cited the new lows as an attractive entry point, believing the sell-off is unrelated to fundamentals.&nbsp;
Ally Financial&#39;s dividend is worth about 3.35%, and the shares are near the 2024 lows. The company has not increased its distribution for several years, but growth is possible with the 45% payout ratio and improving earnings power. Adjusted EPS was flat YoY in Q2 despite the mid-single-digit contraction in revenue. Earnings are forecasted to nearly double from 2024&#39;s levels in 2025.&nbsp;
<img alt="Ally Financial ALLY stock chart" class="aligncenter" src="https://www.marketbeat.com/logos/articles/med_20241001084005_chart-ally-1012024.png" style="height:423px; width:917px" />
The article &quot;<a href="https://www.marketbeat.com/stock-ideas/octobers-top-3-stocks-revealed-by-marketbeats-marketrank-tool/">October&#39;s Top 3 Stocks Revealed by MarketBeat&#39;s MarketRank Tool</a>&quot; first appeared on MarketBeat.

Earnings

Large Cap

Dividends

Offerings

Small Cap

Markets

Trading Ideas

General

ALLY

October's Top 3 Stocks Revealed by MarketBeat

Jack in the Box Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JACK#NASDAQ">JACK</a>), a leading franchisor in the quick-service industry, is thrilled to announce significant expansion into the Chicago market with a 12-unit franchising deal. This builds on the brand's momentum with their planned openings of two CloudKitchens in downtown and the previous announcement of eight company-operated locations to be developed in the suburbs of Chicago.
"We are excited to bring Jack in the Box back to Chicago and believe that our craveable 24/7 menu with breakfast, lunch, dinner, snacking, and industry-leading late night offerings will connect with the local community," said Van Ingram, vice president franchise development. "Chicagoland serves as the gateway to the midwest, and we see tremendous opportunity to grow throughout the region."
Jack in the Box has identified over 100 additional franchise opportunities still available in the Chicago Metro Area, and the brand is actively seeking experienced multi-unit operators and business owners to join its growing franchisee network.
"With approximately 2,200 locations nationwide and the recent success from our new market openings in Salt Lake City and Louisville, we've recognized how much pent-up demand Jack in the Box has across the country," added Ingram. "We're an iconic franchise brand with whitespace availability, flexible prototypes, and commitment to growing in the Midwest."
Jack in the Box is known for its iconic menu that features customer favorites like burgers, tacos, chicken sandwiches, milkshakes, breakfast, and late-night snacking options. The new locations will offer dine-in, drive-thru, and mobile ordering options.

Jack in the Box Expands Into Chicago with 12 New Franchise Units, Targets Over 100 More Opportunities

TD Cowen analyst Andrew Charles reiterates Jack In The Box (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JACK#NASDAQ">JACK</a>) with a Hold and maintains $57 price target.

Reiteration

TD Cowen Reiterates Hold on Jack In The Box, Maintains $57 Price Target

Jack in the Box Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jack#NASDAQ">JACK</a>) is likely to benefit from menu innovation, digital efforts and unit expansion efforts. Also, the focus on the re-image program bodes well. However, dismal comps and elevated labor costs are concerns.
Let us discuss the factors that highlight why investors should retain the stock for now.
<h2>Growth Catalysts of JACK</h2>
Menu Innovation: Jack in the Box has adopted a dual approach to cater to both current market conditions and long-term goals. To attract value-oriented customers, the company has launched several initiatives, including the &quot;Munchies Under $4&quot; platform and &quot;Jack&#39;s Big Deal Meal.&quot; These offerings are designed to increase transactions and enhance menu consistency across the system. The company&#39;s differentiated menu, featuring value offers like $5 meals, $10 Fan Favs Boxes and late-night Munchie Meals, positions it to meet diverse customer needs.
The brand&#39;s innovation efforts, such as introducing wings, Smash Jack burgers and French Toast Sticks as a permanent breakfast option, are paying off. These products have been well-received, indicating that Jack in the Box is effectively responding to evolving consumer preferences.
Digital Efforts: Increased focus on digital initiatives bodes well. The company aims to increase digital sales from 14% to 20% by enhancing its first-party capabilities. It intends to launch a redesigned Jack app, enabling personalization and targeted loyalty offerings. Moreover, Jack in the Box is upgrading its point-of-sale system, with nearly 100 restaurants already equipped and a target of 450 by the end of 2024. This system will enhance its customer experience and enable operational innovations, such as better inventory and labor management.
Expansion Into New Markets: Jack in the Box is making significant strides in market expansion. The company recently opened its second restaurant in Mexico, with new locations in Salt Lake City and Louisville performing exceptionally well. Plans are underway to enter the Chicago market with up to 10 new locations in 2025 and expand into Florida. The new market entries present substantial growth opportunities for the brand.
Additionally, the company&#39;s re-image program, supported by a $50 million commitment, is expected to boost same-store sales and improve brand perception. With requests to remodel more than 1,000 restaurants, this initiative could drive significant growth in the coming years.
<h2>Concerns for Jack in the Box</h2>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/4e/76261.jpg?v=567185555" />
Image Source: Zacks Investment Research
In the past year, Jack in the Box&#39;s shares have lost 39.9% against the industry&#39;s 2.6% growth. Dismal comp and elevated labor expenses caused the downside.
Soft Comps: In the fiscal third quarter, systemwide same-store sales fell 2.2% year over year against the 7.9% growth reported in the year-ago quarter. Reduced transactions and an unfavorable mix shift caused the downside. Same-store sales at franchised stores declined 2.4% year over year against the growth of 8% reported in the prior-year quarter. The company remains cautious of the uncertain macroenvironment.
High Expenses: The company has been bearing the brunt of high expenses for some time. In third-quarter fiscal 2024, the restaurant level margin contracted 80 basis points (bps) year over year to 21%, due to increased labor, utilities and technology support costs. Labor (as a percentage of sales) in the reporting quarter increased 200 bps year over year to 32.4%. The increase was driven by wage increases to comply with California&#39;s new minimum wage law.
Occupancy and other operating expenses rose 60 bps year over year to 19.4%, driven by higher utility and technological costs. The company anticipates the inflationary pressures to continue for some time.
<h2>Conclusion</h2>
While Jack in the Box faces challenges such as declining same-store sales and rising labor costs, its strategic initiatives in menu innovation, digital transformation and market expansion offer significant growth potential. The company&#39;s commitment to enhancing its brand through re-imaging efforts and targeting new markets positions JACK well for long-term success. Although the short-term outlook is clouded by economic uncertainties, the ongoing investments in customer experience and operational efficiencies make Jack in the Box a stock worth retaining in your portfolio.
<h2>Zacks Rank &amp; Key Picks</h2>
Jack in the Box currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the Zacks Retail-Wholesale sector include:
Texas Roadhouse, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/txrh#NASDAQ">TXRH</a>) presently sports a Zacks Rank #1 (Strong Buy).
It has a trailing four-quarter earnings surprise of 0.4%, on average. TXRH&#39;s shares have risen 61.1% in the past year. The Zacks Consensus Estimate for TXRH&#39;s 2024 sales and earnings per share indicates 15.6% and 39.2% growth, respectively, from the year-earlier actuals.
Potbelly Corporation&nbsp;currently carries a Zacks Rank #2 (Buy). It has a trailing four-quarter earnings surprise of 77.5%, on average. The stock has declined 23.5% so far this year. The Zacks Consensus Estimate for PBPB&#39;s 2025 sales and EPS implies a rise of 4.2% and 30%, respectively, from the year-ago levels.
El Pollo Loco Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/loco#NASDAQ">LOCO</a>) presently carries a Zacks Rank #2. It has a trailing four-quarter earnings surprise of 21.6%, on average. LOCO&#39;s shares have risen 44.5% in the past year. The Zacks Consensus Estimate for LOCO&#39;s 2025 sales and EPS indicates 2% and 12.7% growth, respectively, from the prior-year figures.
<a href="https://www.zacks.com/stock/news/2330444/here-s-why-you-should-retain-jack-stock-in-your-portfolio?cid=CS-BENZ-FT-analyst_blog|rank_focused-2330444">To read this article on Zacks.com click here.</a>

Retail Sales

LOCO

TXRH

Here's Why You Should Retain JACK Stock in Your Portfolio

B of A Securities analyst Sara Senatore maintains Jack In The Box (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JACK#NASDAQ">JACK</a>) with a Buy and lowers the price target from $77 to $72.

B of A Securities Maintains Buy on Jack In The Box, Lowers Price Target to $72

Deutsche Bank analyst Lauren Silberman maintains Jack In The Box (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JACK#NASDAQ">JACK</a>) with a Hold and lowers the price target from $59 to $56.

Deutsche Bank Maintains Hold on Jack In The Box, Lowers Price Target to $56

RBC Capital analyst Logan Reich maintains Jack In The Box (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JACK#NASDAQ">JACK</a>) with a Outperform and lowers the price target from $75 to $70.

RBC Capital Maintains Outperform on Jack In The Box, Lowers Price Target to $70

UBS analyst Dennis Geiger maintains Jack In The Box (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JACK#NASDAQ">JACK</a>) with a Neutral and lowers the price target from $60 to $55.

UBS Maintains Neutral on Jack In The Box, Lowers Price Target to $55

Jack in the Box Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JACK#NASDAQ">JACK</a>) reported mixed results for its <a href="https://www.benzinga.com/quote/JACK/earnings">third quarter on Tuesday.</a>
The company posted quarterly earnings of $1.65 per share which beat the analyst consensus estimate of $1.51 by 9.27%. The company reported quarterly sales of $369.17 million which missed the analyst consensus estimate of $371.11 million.
&#8220;I am proud of our teams and how they continue to enhance the guest experience and deliver operational improvements during a challenging sales environment for our entire industry,&#8221; said Darin Harris, Jack in the Box Chief Executive Officer. &#8220;We continue to focus on value and ways we can improve transactions with the low-income guest — while at the same time, doubling down on our strengths of innovation, variety and late night. We will strive to finish the year strong with positive momentum heading into 2025, while continuing to execute against our strategic initiatives to achieve our long-term growth and profitability ambitions.&#8221;
Jack in the Box said it sees FY24 earnings of $6.10 to $6.25 per share, versus estimates of $6.30 per share.
Jack in the Box shares rose 0.4% to close at $53.03 on Tuesday.
These analysts made changes to their price targets on Jack in the Box following earnings announcement.
<ul>
<li><a href="https://www.benzinga.com/topic/nick-setyan">Wedbush analyst Nick Setyan</a> maintained Jack In The Box with an Outperform and lowered the price target from $68 to $60.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58b05502b85e93000174c0ed/andrew-charles">TD Cowen analyst Andrew Charles</a> maintained Jack In The Box with a Hold and cut the price target from $59 to $57.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/5df37c17bffdfc0001d738fc/brian-mullan">Piper Sandler analyst Brian Mullan</a> maintained the stock with a Neutral and lowered the price target from $60 to $56.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/59411d2885b07a0001615ca6/brian-bittner">Oppenheimer analyst Brian Bittner</a> maintained Jack In The Box with an Outperform and lowered the price target from $75 to $70.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/589dc33d43eaaa000122c591/jake-bartlett">Truist Securities analyst Jake Bartlett</a> maintained Jack In The Box with a Buy and lowered the price target from $83 to $70.</li>
</ul>
Considering buying JACK stock? Here&#8217;s what analysts think:
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="322" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/07093115/image-34-1024x322.png" alt="" class="wp-image-481833" style="width:515px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/07093115/image-34-1024x322.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/07093115/image-34-300x94.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/07093115/image-34-768x241.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/07093115/image-34.png 1505w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/08/40194186/top-4-materials-stocks-which-could-rescue-your-portfolio-this-month">Top 4 Materials Stocks Which Could Rescue Your Portfolio This Month</a></li>
</ul>

These Analysts Cut Their Forecasts On Jack In The Box After Q3 Results

Truist Securities analyst Jake Bartlett maintains Jack In The Box (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JACK#NASDAQ">JACK</a>) with a Buy and lowers the price target from $83 to $70.

Truist Securities Maintains Buy on Jack In The Box, Lowers Price Target to $70

Oppenheimer analyst Brian Bittner maintains Jack In The Box (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JACK#NASDAQ">JACK</a>) with a Outperform and lowers the price target from $75 to $70.

Oppenheimer Maintains Outperform on Jack In The Box, Lowers Price Target to $70

Piper Sandler analyst Brian Mullan maintains Jack In The Box (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JACK#NASDAQ">JACK</a>) with a Neutral and lowers the price target from $60 to $56.

Piper Sandler Maintains Neutral on Jack In The Box, Lowers Price Target to $56

TD Cowen analyst Andrew Charles maintains Jack In The Box (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JACK#NASDAQ">JACK</a>) with a Hold and lowers the price target from $59 to $57.

TD Cowen Maintains Hold on Jack In The Box, Lowers Price Target to $57

Wedbush analyst Nick Setyan maintains Jack In The Box (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JACK#NASDAQ">JACK</a>) with a Outperform and lowers the price target from $68 to $60.

Wedbush Maintains Outperform on Jack In The Box, Lowers Price Target to $60

Guidance &amp; Outlook Updates
Based on the year to date actual results and updated assumptions for the remainder of the year, the company's updated expectations for the fiscal year ending September 29, 2024 include the following:
FY 2024 Company-wide Guidance
<ul>
<li>Adjusted EBITDA of $320-$325 million</li>
<li>Operating EPS of $6.10-$6.25</li>
<li>SG&amp;A (excluding COLI gains/losses) of approximately $160 million</li>
</ul>
FY 2024 Jack in the Box Segment Guidance
<ul>
<li>Same Store Sales of approximately (1.0%)</li>
<li>Company-Owned Restaurant Level Margin of approximately 22%</li>
</ul>
FY 2024 Del Taco Segment Guidance
<ul>
<li>Same Store Sales of approximately (1.5%)</li>
<li>Company-Owned Restaurant Level Margin of approximately 14%</li>
</ul>

Guidance

Jack in the Box Sees FY24 EPS $6.10-$6.25 Vs $6.30 Est.; Same Store Sales Of ~(1.0%); Del Taco Segment Guidance Same Store Sales Of ~(1.5%)

Jack In The Box (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JACK#NASDAQ">JACK</a>) reported quarterly earnings of $1.65 per share which beat the analyst consensus estimate of $1.51 by 9.27 percent. This is a 13.79 percent increase over earnings of $1.45 per share from the same period last year. The company reported quarterly sales of $369.17 million which missed the analyst consensus estimate of $371.11 million by 0.52 percent. This is a 7.00 percent decrease over sales of $396.94 million the same period last year.

Jack In The Box Q3 Adj $1.65 Beats $1.51 Estimate, Sales $369.17M Miss $371.11M Estimate

U.S. stock markets saw a strong recovery on Tuesday, with both the S&amp;P 500 and the Nasdaq 100 climbing over 2%, nearly offsetting Monday&#8217;s losses. Investors took advantage of recent volatility to buy the dip, showing continued confidence in the U.S. economy&#8217;s ability to avoid a recession. 
Gains were observed in both small-cap and blue-chip stocks, reflecting broad improvement in market sentiment.
The CBOE Volatility Index (VIX), often referred to as the market&#8217;s fear gauge, decreased by almost 40% on Tuesday after spiking 65% on Monday. 
According to the FedWatch Tool, the likelihood of a 50-basis-point interest rate cut decreased to 90% Monday to 64% Tuesday. 
As traders reassess Fed rate cuts, Treasury yields increased during the day, with the 10-year yield rising by 11 basis points to 3.9% and the two-year yield climbing 9 basis points to 4.01%.
The rebound of the U.S. dollar was supported by rising yields and diminished expectations of a larger Federal Reserve rate cut in September. The dollar increased by 0.8% against the low-yielding Japanese yen, breaking a streak of five consecutive days of losses.
In terms of macroeconomic data, the day was relatively quiet, with only June&#8217;s trade figures making news. The U.S. trade deficit narrowed to $73.1 billion in June 2024 from a revised 20-month high of $75 billion in May, slightly above market forecasts of a $72.5-billion gap. Exports increased by 1.5% to $265.9 billion, the second-highest on record, while imports grew by a more modest 0.6% to $339 billion.
Gold and oil prices both decreased by 0.7% and 0.8%, respectively, marking their fourth consecutive session of declines.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) rebounded by 4.9% after experiencing a 7% drop on Monday.
<h3 class="wp-block-heading">Tuesday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>18,312.03</td>
<td>2.3%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,295.41</td>
<td>2.1%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,081.01</td>
<td>1.9%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>39,301.11</td>
<td>1.5%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 1:55 p.m. ET </figcaption></figure>
According to <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent080624&amp;t=be2bearmibe3na1">Benzinga Pro</a> data:
<ul>
<li>The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) was trading 2.2% higher to $528.42.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;rose 1.7% to $393.21.</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rose 2.4% to $445.63.</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) rose 1.9% to $206.06.</li>
<li>All 11 sectors of the S&amp;P 500 saw gains, with the Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) leading the way, increasing by 3.1%. The Health Care Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLV#NYSE">XLV</a>) witnessed the smallest gain, up 1.4%.</li>
</ul>
<h3 class="wp-block-heading">Tuesday&#8217;s Stock Movers</h3>
<ul>
<li>Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) rallied over 6%, snapping three straight session of losses. </li>
<li>Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) soared over 5%, marking its best one-day surge in a month. </li>
</ul>
Stocks reacting to company earnings included: 
<ul>
<li>ADTRAN Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADTN#NASDAQ">ADTN</a>), down by nearly 18%, </li>
<li>Caterpillar, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>), up 3.8%,</li>
<li>Constellation Energy Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEG#NASDAQ">CEG</a>), up 6.9%,</li>
<li>CSX Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSX#NASDAQ">CSX</a>), up 3.7%,</li>
<li>Duke Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DUK#NYSE">DUK</a>), up 2.3%,</li>
<li>Expeditors International of Washington, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXPD#NYSE">EXPD</a>), down 4.4%,</li>
<li>Fox Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>), up 6.7%,</li>
<li>GLOBALFOUNDRIES Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GFS#NASDAQ">GFS</a>), down 1%,</li>
<li>Hyatt Hotels Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/H#NYSE">H</a>), down 0.7%,</li>
<li>Lucid Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) up 9%, </li>
<li>Molson Coors Beverage Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAP#NYSE">TAP</a>), up 6.8%,</li>
<li>Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) up 12.3%, </li>
<li>Uber Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>), up 11%</li>
<li>Teradata Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDC#NYSE">TDC</a>) down about 14%,</li>
<li>WK Kellogg Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KLG#NYSE">KLG</a>) down 6.7%,</li>
<li>Yum! Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YUM#NYSE">YUM</a>) up 3.7%,</li>
<li>ZoomInfo Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZI#NASDAQ">ZI</a>), down nearly 19%.</li>
</ul>
Companies reporting after the close are Airbnb, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>), Coupang, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPNG#NYSE">CPNG</a>), Devon Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DVN#NYSE">DVN</a>), Amgen, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMGN#NASDAQ">AMGN</a>), Cirrus Logic, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRUS#NASDAQ">CRUS</a>), Exelixis, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXEL#NASDAQ">EXEL</a>), Fortinet, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>), GoPro, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GPRO#NASDAQ">GPRO</a>), Illumina, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ILMN#NASDAQ">ILMN</a>), Jack in the Box Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JACK#NASDAQ">JACK</a>), IAC Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IAC#NASDAQ">IAC</a>), Tripadvisor, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRIP#NASDAQ">TRIP</a>), Reddit, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>), Rivian Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>), Sunrun Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>), Wynn Resorts, Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WYNN#NASDAQ">WYNN</a>) and Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>).
Read now: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/08/40196554/warren-buffetts-oil-bet-hits-slick-patch-death-cross-looms-over-occidental-before-q2-earnings">Warren Buffett&#8217;s Oil Bet Hits Slick Patch: Death Cross Looms Over Occidental Before Q2 Earnings</a></li>
</ul>
Photo via Shutterstock.

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

Equities

Bonds

Broad U.S. Equity ETFs

Commodities

Forex

Treasuries

Federal Reserve

Tech

ETFs

$BTC

ABNB

ADTN

AMGN

CPNG

CRUS

SPDR Dow Jones Industrial Average ETF Trust

EXEL

EXPD

FOXA

FTNT

GPRO

ILMN

LCID

NVDA

PLTR

RDDT

RIVN

SMCI

TRIP

UBER

WYNN

XLRE

YUMC

Wall Street Rebounds After Selloff, VIX Falls, Dollar Surges Against Yen: What's Driving Markets Tuesday?

U.S. stocks look to bounce back on Tuesday following an across-the-board sell-off in the previous session. Strategists say<a href="https://www.benzinga.com/markets/equities/24/08/40179293/strategist-warns-theres-a-serious-collapse-thats-coming-after-mondays-global-market-crash-tons-a"> all the yen carry trades haven&#8217;t been unwound yet,</a> which raises the specter of incremental weakness. That said, positive reactions to earnings from tech players such as Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) and Navitas Semiconductor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVTS#NASDAQ">NVTS</a>) could buoy sentiment.
Tech stocks are reversing course, riding on these positive earnings. The CBOE Volatility Index, widely known as VIX, has pulled back notably toward the 32 level. Given the absence of any major catalysts, volatility will likely remain contained. 
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>+0.86%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>+0.82%</td>
</tr>
<tr>
<td>Dow</td>
<td>+0.71%</td>
</tr>
<tr>
<td>R2K</td>
<td>+0.75%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">In premarket trading on Tuesday,&nbsp;the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) gained 0.78% to $521.40, and the&nbsp;Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rose 0.82% to $438.95, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.</figcaption></figure>
Cues From Last Session:
Wall Street closed Monday&#8217;s session notably lower, although off its intraday lows. The global equity market plunge set in motion by the Japanese market on Monday spilled over into the U.S. The major averages opened notably lower but a report that showed that the service sector moved into expansion territory helped them trim some of the losses. Yet the averages closed the session sharply lower.
The S&amp;P 500 and the Nasdaq Composite fell for a third straight session, settling at three-month lows, while the Dow Jones Industrial Average retreated to its lowest since June 14.
The sell-off was across the board, with the IT, communication services and consumer discretionary stocks plunging hard.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-3.43%</td>
<td>16,200.08</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>-3.00%</td>
<td>5,186.33</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>-2.60%</td>
<td>38,703.27</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-3.33%</td>
<td>2,039.16</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption"> Insights From Analysts: </figcaption></figure>
The recent correction is healthy for the market, according to WisdomTree Senior Economist and Wharton professor Jeremy Siegel. Volatility has finally returned to the market, the economist said, adding that this equity risk is what creates a premium long-term return.
A correction of 5-10% from the highs is healthy, Siegel said. &#8220;I would be more worried had the market continued to surge higher with no correction and created more bubble-like conditions,&#8221; he said.
&#8220;In the short run, if the Fed does not indicate that it will react soon, the outlook is very unsettled.&#8221;
Carson Group&#8217;s Chief Market Strategist Ryan Detrick sees light at the end of the tunnel. Drawing on historical data, the strategist noted that when the S&amp;P 500 Index falls by at least 1% on Thursday, Friday, and Monday, strong returns are typically observed three months later. Historically, this pattern has resulted in gains 90% of the time, with an average increase of around 10%.
&#8220;A year later up 18 of 21 and up 22.5% on avg,&#8221; he added.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">S&amp;P 500 down at least 1% on a Thursday, Friday, and Monday? Pretty strong returns across the board. 3 months later higher 90% of the time and up nearly 10% on avg. A year later up 18 of 21 and up 22.5% on avg. Huh. Good chance those times felt pretty bad also. <a href="https://t.co/srKtgx1vqx">pic.twitter.com/srKtgx1vqx</a>
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1820678336277856286?ref_src=twsrc%5Etfw">August 6, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Upcoming Economic Data:
<ul>
<li>The Commerce Department is scheduled to release its trade balance report for June at 8:30 a.m. EDT. Economists, on average, expect a narrowing of the trade deficit from $75.1 billion in May to $72.5 in June.</li>
<li>The Treasury will auction three-year notes at 11:30 a.m. EDT.</li>
</ul>
Stocks In Focus:
<ul>
<li>Palantir climbed over 7% <a href="https://www.benzinga.com/premarket">in premarket trading</a> following the company&#8217;s quarterly results.</li>
<li>The other stocks moving on earnings are Lucid Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) (up 9%), ADTRAN Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADTN#NASDAQ">ADTN</a>) (down about 7.50%), Navitas Semiconductor (up about 5%), ZoomInfo Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZI#NASDAQ">ZI</a>) (down nearly 15%), Teradata Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDC#NYSE">TDC</a>) (down about 8%) and Yum China Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YUMC#NASDAQ">YUMC</a>) (up over 8%) </li>
<li>Caterpillar, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>), Constellation Energy Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CEG#NASDAQ">CEG</a>), Duke Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DUK#NYSE">DUK</a>), Expeditors International of Washington, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXPD#NYSE">EXPD</a>), Fox Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>), GLOBALFOUNDRIES Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GFS#NASDAQ">GFS</a>), Hyatt Hotels Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/H#NYSE">H</a>), Molson Coors Beverage Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAP#NYSE">TAP</a>), Uber Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>), WK Kellogg Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KLG#NYSE">KLG</a>) and Yum! Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YUM#NYSE">YUM</a>) are among the key companies due to <a href="https://www.benzinga.com/calendars/earnings">release their earnings reports ahead of the market opening</a>.</li>
<li>Those reporting after the close are Airbnb, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>), Coupang, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPNG#NYSE">CPNG</a>), Devon Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DVN#NYSE">DVN</a>), Amgen, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMGN#NASDAQ">AMGN</a>), Cirrus Logic, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRUS#NASDAQ">CRUS</a>), Exelixis, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXEL#NASDAQ">EXEL</a>), Fortinet, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>), GoPro, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GPRO#NASDAQ">GPRO</a>), Illumina, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ILMN#NASDAQ">ILMN</a>), Jack in the Box Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JACK#NASDAQ">JACK</a>), IAC Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IAC#NASDAQ">IAC</a>), Tripadvisor, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRIP#NASDAQ">TRIP</a>), Reddit, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>), Rivian Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>), Sunrun Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>), Wynn Resorts, Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WYNN#NASDAQ">WYNN</a>) and Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>).</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures rebounded after three straight sessions of declines and gold futures also advanced moderately, while the 10-year benchmark Treasury note yield rose 5.4 basis points to 3.836%.
Bitcoin (CRYPTO: BTC<a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40153940/bitcoin-crashes-below-50k-briefly-crypto-market-records-over-1b-in-liquidations-in-24-hour">)</a> climbed over 6.5% and approached the $55K level.
In Asia, the sentiment was mixed. The Japanese market, which was the epicenter of Monday&#8217;s sell-off, rebounded strongly, with the Nikkei 225 average climbing over 10%. The Taiwanese and South Korean markets also rose notably. The Chinese market advanced, although the gain was much more modest, and the Australian market finished strong amid the nation&#8217;s central bank deciding to keep interest rates unchanged. On the other hand, the Indian, Malaysian, Hong Kong and New Zealand markets moved to the downside.
European stocks were lower in early trading amid volatility. 
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/08/40178601/global-market-crash-sparks-reflection-on-jeff-bezos-2000-dotcom-comments-after-amazons-80-plunge">Global Market Crash Sparks Reflection On Jeff Bezos&#8217; 2000 Dotcom Comments After Amazon&#8217;s 80% Plunge: &#8216;We&#8217;re A Company That Wants To Be Weighed, And Over Time We Will Be&#8217;</a></li>
</ul>
Image Created Using Midjourney

Futures

Previews

Economics

Pre-Market Outlook

Movers

NVTS

US Stocks Set To Open Higher After Monday's Crash, VIX Plummets: Analyst Says Would Have Worried If Market Surged Higher Without Correction

Chipotle Mexican Grill ($CMG) has expanded its use of automation by introducing an automated bowl-and-salad maker and an avocado-processing robot a...

Chipotle Mexican Grill's (NYSE:CMG) Robots Take Over the Kitchen

Burger wars: McDonald's and peers ramp up promotions on National Cheeseburger Day

Brinker International: 'The Year Of Traffic' For Chili's

McDonald's new Big Arch sandwich attracts positive early reviews

Jack in the Box signs 12-unit franchising deal

'Buy this; sell that' within each sector – Oppenheimer

Jack in the Box CFO departs

Jack In The Box ( ($JACK) ) has provided an announcement. Jack in the Box Inc. has announced the resignation of Brian Scott, the Executive Vice Pre...

Jack In The Box Announces CFO Transition and Interim Successor

AMN Healthcare appoints Brian Scott as CFO and COO

The restaurant industry is well-positioned for growth convenience offered by fast-casual restaurants and advanced technology integration. So, let's analyze restaurant stocks, Dine Brands Global (DIN) and Jack in the Box (JACK), to determine which restaurant stock is cooking up better returns. Read on... Franchised fast-casual restaurants are expected to account for a significant market share in the coming years. This growth can be attributed to the convenience offered by these franchises through quick turnaround times, easy access, and <a href="https://www.expertmarketresearch.com/reports/united-states-fast-casual-restaurant-market">availability of digital ordering options</a>. 
The U.S. restaurant industry is experiencing significant growth. By 2024, the industry is expected to exceed $1.10 trillion in sales for the first time, marking a substantial rebound from the pandemic years.  Furthermore, between 2024 and 2032, the industry is projected to add 150,000 jobs per year on average, with total staffing levels reaching <a href="https://restaurant.org/research-and-media/media/press-releases/restaurant-industry-sales-forecast-to-set-1-1-trillion-record-in-2024/">16.9 million by 2032</a>.
Against this backdrop, let's compare two restaurant stocks, Dine Brands Global, Inc. (<a href="https://stocknews.com/stock/DIN/">DIN</a>) and Jack in the Box Inc. (<a href="https://stocknews.com/stock/JACK/">JACK</a>), to determine which restaurant stock is cooking up better returns.
The Case for Dine Brands Global, Inc. Stock
With a $513.28 million market cap, Dine Brands Global, Inc. (<a href="https://stocknews.com/stock/DIN/">DIN</a>) owns, franchises, and operates restaurants in the United States and internationally. The company operates through six segments: Applebee's Franchise Operations; International House of Pancakes (IHOP) Franchise Solutions; Fuzzy's franchise operations; Rental Operations; Financing Operations; and Company-Operated Restaurant Operations.
DIN's stock has gained 11.1% over the past three months to close the last trading session at $33.55.
DIN's trailing-12-month gross profit margin of 47.71% is 28% higher than the industry average of 37.27%. Also, the stock's trailing-12-month <a href="https://www.investopedia.com/terms/e/ebit.asp">EBIT</a> margin of 22.60% is 183.8% higher than the industry average of 7.97%.
DIN's total revenues for the third quarter ended June 30, 2024, came in at $208.40 million. Its adjusted EBITDA stood at $67 million. Its adjusted net income stood at $25.60 million. In addition, adjusted earnings per share at $1.71.
Street expects DIN's revenue for the first quarter ending March 2025 to increase marginally year-over-year to $207.97 million. Its EPS is expected to grow 7.7% year-over-year to $1.43. Moreover, the company has surpassed EPS estimates in three of the trailing four quarters.
DINS's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect its robust outlook. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
DIN has an A grade for Value and a B for Quality. It is ranked #2 out of 41 stocks in the <a href="https://stocknews.com/category/restaurants/">Restaurants</a> industry.
<a href="https://stocknews.com/stock/DIN/">Click here</a> for the additional POWR Ratings for DIN (Value, Stability, Sentiment, and Momentum).
The Case for Jack in the Box Inc. Stock
Valued at $869.47 million by market cap, Jack in the Box Inc. (<a href="https://stocknews.com/stock/JACK/">JACK</a>)  operates and franchises Jack in the Box and Del Taco quick-service restaurants in the United States.
JACK's stock has plunged 6.5% over the past three months to close the last trading session at $45.46.
In the fiscal third quarter that ended July 7, 2024, JACK's revenues declined 7% year-over-year to $369.17 million, while its net loss was reported at $122.30 million. The company's loss per common stood at $6.26.
Analysts expect JACK's revenue for the fourth quarter (ended September 2024) to decrease 3.8% year-over-year to $358.20 million. The company's EPS for the same quarter is expected to be $1.11.
JACK's bleak fundamentals are reflected in its POWR Ratings. It has an overall rating of D, equating to a Sell in our proprietary rating system.
The stock has a D grade for Stability. Within the same industry, JACK is ranked #30.
In addition to the POWR Ratings I've just highlighted, you can see JACK's ratings for Growth, Momentum, Quality, Value, and Sentiment <a href="https://stocknews.com/stock/JACK/">here</a>.
Dine Brands Global (DIN) vs. Jack in the Box (JACK): Which Restaurant Stock is Cooking Up Better Returns?
The U.S. restaurant industry's growth is driven by a shift in consumer spending toward dining experiences, increased online ordering, and improved economic conditions, including easing supply chain issues. Additionally, younger generations like Millennials and Gen Z are shaping dining trends with their preferences for casual and fast service
Leading restaurant companies DIN and JACK stand to capitalize on bright industry growth prospects. However, DIN's strong financial results and promising near-term outlook favor it as the better restaurant stock pick.
Our research shows that the odds of success increase when one invests in stocks with an Overall Rating of Strong Buy or Buy. View all the top-rated stocks in the Restaurants industry <a href="https://stocknews.com/category/restaurants/">here</a>.
What To Do Next?
Discover 10 widely held stocks that our proprietary model shows have tremendous downside potential. Please make sure none of these "death trap" stocks are lurking in your portfolio:
<a href="https://report.stocknews.com/free-report/10-stocks-to-sell/?formplacement=artbotad_10sell">10 Stocks to SELL NOW! &gt;</a>
<hr><div style="clear:both;"></div> <h2>About the Author: Nidhi Agarwal</h2> <img src='https:/wp-content/uploads/2023/03/Nidhi-Agarwal_Headshot-3.jpg' style="float:left; padding:5px;width:125px;">Nidhi is passionate about the capital market and wealth management, which led her to pursue a career as an investment analyst. She holds a bachelor's degree in finance and marketing and is pursuing the CFA program.

Her fundamental approach to analyzing stocks helps investors identify the best investment opportunities.<a href="https://stocknews.com/authors/?author=nidhi-agarwal">More...</a>The post <a href=https://stocknews.com/news/jack-din-dine-brands-global-din-vs-jack-in-the-box-jack/>Dine Brands Global (DIN) vs. Jack in the Box (JACK): Which Restaurant Stock Is Cooking up Better Returns?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Comments

Jack In The Box

매도 수량

Jack In The Box (NASDAQ:JACK) 주식, 공매도 수량 보고

사람들이 또한 지켜본다

뉴스

파트너 / 기고자

벤징가 글로벌