Brokerages expect that Jack in the Box (NASDAQ:JACK) will announce sales of $212.15 million for the current quarter, Zacks reports. Six analysts have issued estimates for Jack in the Box’s earnings, with estimates ranging from $209.20 million to $216.52 million. Jack in the Box posted sales of $369.39 million during the same quarter last year, which would indicate a negative year over year growth rate of 42.6%. The company is scheduled to report its next earnings report on Tuesday, May 15th.
On average, analysts expect that Jack in the Box will report full year sales of $878.06 million for the current financial year, with estimates ranging from $854.40 million to $895.57 million. For the next fiscal year, analysts expect that the business will report sales of $745.61 million per share, with estimates ranging from $723.45 million to $775.62 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that follow Jack in the Box.
Jack in the Box (NASDAQ:JACK) last issued its quarterly earnings results on Wednesday, February 21st. The restaurant operator reported $1.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.17. Jack in the Box had a negative return on equity of 28.27% and a net margin of 8.20%. The firm had revenue of $294.50 million during the quarter, compared to analyst estimates of $284.37 million. During the same period last year, the company earned $1.18 EPS. Jack in the Box’s quarterly revenue was down 16.6% compared to the same quarter last year.
A number of equities research analysts recently issued reports on JACK shares. BidaskClub raised Jack in the Box from a “strong sell” rating to a “sell” rating in a research note on Saturday, February 17th. Wedbush raised Jack in the Box from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $104.00 to $115.00 in a research note on Friday, January 26th. Wells Fargo decreased their price target on Jack in the Box from $115.00 to $110.00 and set an “outperform” rating for the company in a research note on Tuesday, January 30th. BTIG Research lowered Jack in the Box from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 2nd. Finally, Goldman Sachs raised Jack in the Box from a “neutral” rating to a “buy” rating in a research note on Friday, January 19th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the stock. Jack in the Box has an average rating of “Hold” and a consensus price target of $107.62.
Shares of JACK stock traded up $0.09 on Monday, reaching $88.96. 302,429 shares of the company’s stock were exchanged, compared to its average volume of 785,628. Jack in the Box has a 52 week low of $79.30 and a 52 week high of $113.00. The company has a debt-to-equity ratio of -2.77, a quick ratio of 1.52 and a current ratio of 1.53. The firm has a market capitalization of $2,624.52, a P/E ratio of 22.93, a P/E/G ratio of 1.57 and a beta of 0.44.
In other Jack in the Box news, VP Vanessa C. Fox sold 610 shares of Jack in the Box stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $91.00, for a total transaction of $55,510.00. Following the completion of the sale, the vice president now directly owns 2,051 shares of the company’s stock, valued at approximately $186,641. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Vanessa C. Fox sold 500 shares of Jack in the Box stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $88.40, for a total value of $44,200.00. Following the sale, the vice president now directly owns 2,142 shares of the company’s stock, valued at $189,352.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,596 shares of company stock valued at $225,544. 2.60% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Millennium Management LLC raised its position in shares of Jack in the Box by 36.9% in the 4th quarter. Millennium Management LLC now owns 994,440 shares of the restaurant operator’s stock worth $97,565,000 after acquiring an additional 268,145 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec bought a new position in shares of Jack in the Box in the 4th quarter worth $14,717,000. Caxton Associates LP bought a new position in shares of Jack in the Box in the 4th quarter worth $14,313,000. Assenagon Asset Management S.A. raised its position in shares of Jack in the Box by 388.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 180,714 shares of the restaurant operator’s stock worth $17,730,000 after acquiring an additional 143,714 shares in the last quarter. Finally, BlackRock Inc. raised its position in shares of Jack in the Box by 3.5% in the 4th quarter. BlackRock Inc. now owns 3,172,965 shares of the restaurant operator’s stock worth $311,300,000 after acquiring an additional 108,723 shares in the last quarter. 98.49% of the stock is owned by institutional investors and hedge funds.
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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 and Qdoba Mexican Eats fast-casual restaurants primarily in the United States. As of October 01, 2017, it operated and franchised approximately 2,251 Jack in the Box restaurants in 21 states and Guam; and approximately 726 Qdoba Mexican Eats restaurants in 47 states, the District of Columbia, and Canada.
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