Wall Street brokerages expect Jack in the Box Inc. (NASDAQ:JACK) to post sales of $218.36 million for the current fiscal quarter, Zacks reports. Seven analysts have made estimates for Jack in the Box’s earnings. The lowest sales estimate is $215.60 million and the highest is $221.00 million. Jack in the Box reported sales of $187.98 million during the same quarter last year, which indicates a positive year-over-year growth rate of 16.2%. The firm is expected to report its next quarterly earnings results on Wednesday, August 14th.
According to Zacks, analysts expect that Jack in the Box will report full-year sales of $944.28 million for the current year, with estimates ranging from $931.76 million to $955.23 million. For the next year, analysts anticipate that the company will post sales of $963.79 million, with estimates ranging from $948.24 million to $978.20 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Jack in the Box.
Jack in the Box (NASDAQ:JACK) last released its quarterly earnings data on Wednesday, May 15th. The restaurant operator reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.06. The firm had revenue of $215.73 million during the quarter, compared to the consensus estimate of $217.99 million. Jack in the Box had a negative return on equity of 19.41% and a net margin of 13.85%. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.80 earnings per share.
Several analysts recently weighed in on the company. BidaskClub upgraded Jack in the Box from a “sell” rating to a “hold” rating in a report on Friday, February 8th. Zacks Investment Research upgraded Jack in the Box from a “sell” rating to a “hold” rating in a report on Wednesday, January 23rd. Wedbush restated a “hold” rating and issued a $85.00 price objective on shares of Jack in the Box in a report on Tuesday, April 9th. Cowen restated a “hold” rating and issued a $81.00 price objective on shares of Jack in the Box in a report on Tuesday, February 19th. Finally, Wells Fargo & Co decreased their price objective on Jack in the Box from $96.00 to $95.00 and set an “outperform” rating for the company in a report on Thursday, February 14th. Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $92.20.
In other Jack in the Box news, CFO Lance F. Tucker sold 517 shares of the business’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $81.26, for a total value of $42,011.42. Following the completion of the transaction, the chief financial officer now directly owns 19,004 shares in the company, valued at $1,544,265.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 1,113 shares of company stock valued at $89,004 over the last quarter. 2.30% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in JACK. Norges Bank purchased a new stake in shares of Jack in the Box during the fourth quarter worth about $23,325,000. J. Goldman & Co LP purchased a new stake in shares of Jack in the Box during the first quarter worth about $13,392,000. Renaissance Technologies LLC purchased a new stake in shares of Jack in the Box during the first quarter worth about $12,516,000. Wells Fargo & Company MN grew its stake in shares of Jack in the Box by 43.3% during the first quarter. Wells Fargo & Company MN now owns 448,922 shares of the restaurant operator’s stock worth $36,390,000 after acquiring an additional 135,621 shares during the last quarter. Finally, Maverick Capital Ltd. grew its stake in shares of Jack in the Box by 819.1% during the first quarter. Maverick Capital Ltd. now owns 127,850 shares of the restaurant operator’s stock worth $10,364,000 after acquiring an additional 113,940 shares during the last quarter. Institutional investors and hedge funds own 95.52% of the company’s stock.
JACK stock opened at $82.17 on Friday. The stock has a market capitalization of $2.03 billion, a P/E ratio of 21.68, a PEG ratio of 1.54 and a beta of 0.51. Jack in the Box has a 1-year low of $74.19 and a 1-year high of $93.98.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Wednesday, May 29th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, May 28th. This represents a $1.60 dividend on an annualized basis and a yield of 1.95%. Jack in the Box’s dividend payout ratio is presently 42.22%.
Jack in the Box Company Profile
Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants. As of April 15, 2018, it operated and franchised 2,245 Jack in the Box restaurants primarily in the western and southern United States and Guam. The company was founded in 1951 and is headquartered in San Diego, California.
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