Jack in the Box (NASDAQ:JACK) posted its quarterly earnings data on Wednesday. The restaurant operator reported $1.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.17, Bloomberg Earnings reports. The firm had revenue of $294.50 million for the quarter, compared to the consensus estimate of $284.37 million. Jack in the Box had a net margin of 8.71% and a negative return on equity of 30.55%. The business’s revenue for the quarter was down 16.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.18 EPS.
Shares of Jack in the Box (NASDAQ:JACK) traded down $1.10 during trading hours on Wednesday, hitting $87.08. 978,037 shares of the company were exchanged, compared to its average volume of 908,694. The company has a quick ratio of 0.51, a current ratio of 0.53 and a debt-to-equity ratio of -2.79. The stock has a market cap of $2,570.00, a P/E ratio of 19.39, a P/E/G ratio of 1.69 and a beta of 0.42. Jack in the Box has a 52 week low of $79.30 and a 52 week high of $113.00.
In related news, insider Keith M. Guilbault sold 525 shares of the business’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $102.22, for a total value of $53,665.50. Following the transaction, the insider now directly owns 17,110 shares of the company’s stock, valued at approximately $1,748,984.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Leonard A. Comma sold 9,436 shares of the business’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $99.78, for a total transaction of $941,524.08. Following the completion of the transaction, the chief executive officer now directly owns 181,320 shares in the company, valued at $18,092,109.60. The disclosure for this sale can be found here. Insiders sold a total of 25,671 shares of company stock worth $2,586,928 over the last three months. 2.60% of the stock is owned by insiders.
A number of research firms have issued reports on JACK. Wedbush raised shares of Jack in the Box from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $104.00 to $115.00 in a report on Friday, January 26th. OTR Global raised shares of Jack in the Box to a “positive” rating in a report on Wednesday, February 14th. BidaskClub raised shares of Jack in the Box from a “strong sell” rating to a “sell” rating in a report on Saturday. Wells Fargo & Co cut their price objective on shares of Jack in the Box from $120.00 to $117.00 and set an “outperform” rating on the stock in a report on Wednesday, November 15th. Finally, Goldman Sachs Group raised shares of Jack in the Box from a “sell” rating to a “neutral” rating in a report on Friday, January 5th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company’s stock. Jack in the Box currently has an average rating of “Hold” and an average target price of $110.92.
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About Jack in the Box
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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