Jack in the Box Inc. (NASDAQ:JACK) – Investment analysts at SunTrust Banks lowered their Q1 2018 earnings per share estimates for shares of Jack in the Box in a note issued to investors on Thursday. SunTrust Banks analyst J. Bartlett now forecasts that the restaurant operator will earn $1.30 per share for the quarter, down from their previous forecast of $1.37. SunTrust Banks has a “Buy” rating and a $110.00 price objective on the stock. SunTrust Banks also issued estimates for Jack in the Box’s Q2 2018 earnings at $1.02 EPS and Q3 2018 earnings at $1.25 EPS.
Jack in the Box (NASDAQ:JACK) last announced its quarterly earnings data on Wednesday, November 29th. The restaurant operator reported $0.73 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.16). The firm had revenue of $338.75 million for the quarter, compared to analysts’ expectations of $341.34 million. Jack in the Box had a net margin of 8.71% and a negative return on equity of 30.55%. The business’s quarterly revenue was down 15.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.03 EPS.
Several other equities analysts have also commented on JACK. Telsey Advisory Group lowered Jack in the Box from an “outperform” rating to a “market perform” rating in a research report on Wednesday. Goldman Sachs Group raised Jack in the Box from a “sell” rating to a “neutral” rating in a research report on Friday, January 5th. Stifel Nicolaus started coverage on Jack in the Box in a research report on Monday, October 2nd. They set a “hold” rating and a $105.00 price objective for the company. BTIG Research downgraded Jack in the Box from a “buy” rating to a “neutral” rating in a report on Tuesday, January 2nd. Finally, Jefferies Group downgraded Jack in the Box from a “buy” rating to a “hold” rating and reduced their price target for the company from $120.00 to $100.00 in a report on Wednesday, December 20th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $111.15.
Jack in the Box (NASDAQ:JACK) opened at $92.86 on Friday. The company has a current ratio of 0.53, a quick ratio of 0.51 and a debt-to-equity ratio of -2.79. The company has a market capitalization of $2,785.58, a price-to-earnings ratio of 24.39, a price-to-earnings-growth ratio of 1.56 and a beta of 0.52. Jack in the Box has a 52-week low of $90.89 and a 52-week high of $113.00.
The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Monday, December 4th were given a $0.40 dividend. The ex-dividend date was Friday, December 1st. This represents a $1.60 annualized dividend and a yield of 1.72%. Jack in the Box’s payout ratio is 36.36%.
In other Jack in the Box news, SVP Paul D. Melancon sold 461 shares of the firm’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $99.78, for a total value of $45,998.58. Following the transaction, the senior vice president now directly owns 5,370 shares of the company’s stock, valued at $535,818.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Frances L. Allen sold 530 shares of the firm’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $102.71, for a total value of $54,436.30. Following the completion of the transaction, the insider now directly owns 10,979 shares in the company, valued at $1,127,653.09. The disclosure for this sale can be found here. Insiders sold 26,201 shares of company stock worth $2,641,365 over the last three months. Insiders own 2.10% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Royal Bank of Canada lifted its position in shares of Jack in the Box by 9.0% during the 2nd quarter. Royal Bank of Canada now owns 1,274 shares of the restaurant operator’s stock valued at $126,000 after buying an additional 105 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Jack in the Box by 61.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,585 shares of the restaurant operator’s stock valued at $156,000 after buying an additional 601 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Jack in the Box by 17.8% during the 2nd quarter. Victory Capital Management Inc. now owns 1,875 shares of the restaurant operator’s stock valued at $185,000 after buying an additional 283 shares in the last quarter. Vident Investment Advisory LLC purchased a new position in shares of Jack in the Box during the 3rd quarter valued at about $203,000. Finally, Diligent Investors LLC purchased a new position in shares of Jack in the Box during the 3rd quarter valued at about $206,000. 98.71% of the stock is currently owned by hedge funds and other institutional investors.
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Jack in the Box Company Profile
Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants (QSRs) and Qdoba Mexican Eats (Qdoba) fast-casual restaurants. The Company operates in two segments: Jack in the Box and Qdoba restaurant operations. Qdoba is a fast-casual Mexican food brand in the United States, offering food items including burritos, tacos, salads, and quesadillas.
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