Jack in the Box falls after restaurant operator suspends dividend

ReutersApr 24, 2025 2:18 PM

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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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