Jack In The Box Inc. (NASDAQ:JACK) announced its quarterly earnings results on Wednesday. The restaurant operator reported $0.99 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by $0.06, Bloomberg Earnings reports. The business had revenue of $357.80 million for the quarter, compared to analyst estimates of $360.84 million. Jack In The Box had a net margin of 8.51% and a negative return on equity of 41.35%. The company’s quarterly revenue was down 3.0% on a year-over-year basis. During the same period last year, the firm earned $1.07 earnings per share. Jack In The Box updated its FY17 guidance to $4.00-4.15 EPS.

Jack In The Box (JACK) traded up 1.51% during mid-day trading on Friday, reaching $97.05. 1,041,042 shares of the company traded hands. The company has a market capitalization of $2.86 billion, a P/E ratio of 22.39 and a beta of 0.57. The stock has a 50 day moving average price of $95.67 and a 200-day moving average price of $101.16. Jack In The Box has a 52-week low of $91.02 and a 52-week high of $113.30.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 5th. Investors of record on Tuesday, August 22nd will be issued a $0.40 dividend. The ex-dividend date is Friday, August 18th. This represents a $1.60 annualized dividend and a yield of 1.65%. Jack In The Box’s dividend payout ratio is presently 36.70%.

In related news, EVP Phillip H. Rudolph sold 6,908 shares of Jack In The Box stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $103.64, for a total value of $715,945.12. Following the completion of the sale, the executive vice president now directly owns 99,261 shares in the company, valued at $10,287,410.04. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 2.10% of the company’s stock.

A number of hedge funds have recently made changes to their positions in JACK. Teachers Advisors LLC raised its stake in shares of Jack In The Box by 1.4% in the fourth quarter. Teachers Advisors LLC now owns 55,026 shares of the restaurant operator’s stock worth $6,143,000 after buying an additional 738 shares during the last quarter. Capstone Asset Management Co. raised its stake in shares of Jack In The Box by 4.3% in the first quarter. Capstone Asset Management Co. now owns 4,100 shares of the restaurant operator’s stock worth $417,000 after buying an additional 170 shares during the last quarter. Legato Capital Management LLC raised its stake in shares of Jack In The Box by 10,072.0% in the first quarter. Legato Capital Management LLC now owns 98,974 shares of the restaurant operator’s stock worth $973,000 after buying an additional 98,001 shares during the last quarter. Glen Harbor Capital Management LLC raised its stake in shares of Jack In The Box by 1.4% in the first quarter. Glen Harbor Capital Management LLC now owns 1,152 shares of the restaurant operator’s stock worth $117,000 after buying an additional 16 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in shares of Jack In The Box by 2.6% in the first quarter. Janney Montgomery Scott LLC now owns 2,626 shares of the restaurant operator’s stock worth $267,000 after buying an additional 67 shares during the last quarter. Hedge funds and other institutional investors own 93.90% of the company’s stock.

A number of research analysts have weighed in on the stock. Telsey Advisory Group cut shares of Jack In The Box from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $125.00 to $118.00 in a research report on Thursday, May 18th. Cowen and Company reaffirmed a “hold” rating and set a $100.00 price target on shares of Jack In The Box in a research report on Friday, May 12th. Zacks Investment Research raised shares of Jack In The Box from a “hold” rating to a “buy” rating and set a $114.00 price target on the stock in a research report on Wednesday, April 26th. Bank of America Corporation reaffirmed a “buy” rating and set a $118.00 price target (down from $120.00) on shares of Jack In The Box in a research report on Tuesday, June 13th. Finally, BidaskClub cut shares of Jack In The Box from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $114.85.

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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.

Earnings History for Jack In The Box (NASDAQ:JACK)

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