Jack in the Box falls after restaurant operator suspends dividend
ReutersApr 24, 2025 2:18 PM
Restaurant operator Jack in the Box's JACK.O shares fall as much as 13.4% to more than five-year low of $22.01
Company said on Wednesday it will suspend dividend as part of a restructuring plan; Jack in the Box also seeking to offload its struggling Del Taco restaurant business
Company reported 4.4% decline in same-store sales, as part of prelim Q2 results
Average rating of 21 analysts "hold"; median PT $38 - LSEG
As of last close, stock down ~40% YTD
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