Jack in the Box Inc. (JACK)

The past six months have been challenging for Jack in the Box stock. The company reported a 7.1% decline in same-store sales for Q3 2025, leading to a stock fall. The company continued its plan to close underperforming stores, with 13 additional closures. Jack in the Box sold its Del Taco brand for $115 million in October 2025. In November 2025, the company reported a 7.4% decrease in same-store sales for Q4 2025 and a net loss of $80.7 million for the full fiscal year, and discontinued its dividend. By December 2025, 72 underperforming locations had been closed. Entering January 2026, the company faced scrutiny as its stock had lost more than half its value in the previous year. Analysts currently hold a "Hold" consensus rating for JACK, with an average price target of $24.81.

The restaurant industry, including quick-service restaurants like Jack in the Box, generally experiences seasonal fluctuations in demand. Sales tend to be slower in the winter months and typically spike in the summer, driven by increased tourism and warmer weather encouraging people to dine out. Jack in the Box aims to mitigate some seasonal effects by offering its full menu, including breakfast, all day, every day, with many locations operating 18-24 hours.

Jack in the Box Inc. is an American fast-food restaurant company operating and franchising quick-service restaurants, known for its diverse menu including hamburgers, chicken sandwiches, salads, breakfast items, and tacos. The company formerly operated the Del Taco brand, which it acquired in March 2022 but subsequently sold in October 2025. Jack in the Box is recognized for its differentiated and edgy brand, an innovative menu, and a strong presence in the late-night dining segment.

Jack in the Box operates primarily across the West Coast of the United States, with over 2,200 locations in the U.S. and Guam. As of November 17, 2025, the company had 2,136 locations across 24 states in the United States. The largest concentrations of restaurants are found in California, Texas and Arizona. As of fiscal year 2024, Jack in the Box had 2,191 restaurants, excluding Del Taco locations, with 2,041 being franchised and 150 company-owned.

Jack in the Box's brand reputation in the past year has been impacted by the announcement of its "JACK on Track" plan, which included closing 150-200 underperforming restaurants and exploring the sale of Del Taco. The company's reputation was affected by its reported 7.1% decline in same-store sales for Q3 2025. A lawsuit was filed in September 2025 by a franchisee association, alleging breach of contract. CEO Lance Tucker acknowledged in November 2025 that 2025 was an "eventful year" and that the brand's value proposition was not resonating with customers. As of January 2026, the company is also contending with an activist investor, Sardar Biglari, and the financial implications of California's new $20/hour minimum wage for fast-food workers. Despite these challenges, Jack in the Box maintains a reputation for a differentiated and edgy brand with a loyal following.

Jack in the Box Inc. is predominantly owned by institutional shareholders, accounting for 99.37% of the company. Major institutional owners include Callodine Capital Management, LP, Biglari Capital Corp., BlackRock, Inc., Vanguard Group Inc, LSV Asset Management, Marshall Wace, LLP, Invenomic Capital Management LP, and IPG Investment Advisors LLC. Insider ownership stands at 14.21%. The largest individual shareholder is Linda Lang.