Jack in the Box Inc. Expected to Earn Q1 2018 Earnings of $1.24 Per Share (JACK)
Jack in the Box Inc. (NASDAQ:JACK) – Stock analysts at Jefferies Group issued their Q1 2018 earnings per share (EPS) estimates for Jack in the Box in a research note issued to investors on Thursday. Jefferies Group analyst A. Slagle anticipates that the restaurant operator will post earnings per share of $1.24 for the quarter. Jefferies Group currently has a “Buy” rating and a $120.00 target price on the stock. Jefferies Group also issued estimates for Jack in the Box’s Q2 2018 earnings at $1.09 EPS, Q3 2018 earnings at $1.17 EPS, Q4 2018 earnings at $1.16 EPS and FY2018 earnings at $4.65 EPS.
JACK has been the topic of several other reports. Robert W. Baird reiterated a “buy” rating and issued a $115.00 price objective on shares of Jack in the Box in a research note on Tuesday, September 19th. Wedbush reiterated a “buy” rating and issued a $115.00 price objective on shares of Jack in the Box in a research note on Friday, October 13th. Wells Fargo & Company reduced their price objective on Jack in the Box from $120.00 to $117.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 15th. Oppenheimer reiterated an “outperform” rating and issued a $125.00 price objective on shares of Jack in the Box in a research note on Thursday, August 10th. Finally, Telsey Advisory Group restated a “market perform” rating on shares of Jack in the Box in a research note on Thursday, August 10th. One research analyst has rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company. Jack in the Box currently has a consensus rating of “Buy” and an average target price of $112.62.
Shares of Jack in the Box (NASDAQ JACK) traded up $1.41 during midday trading on Monday, hitting $106.61. The stock had a trading volume of 928,300 shares, compared to its average volume of 662,217. The firm has a market capitalization of $3,096.40, a PE ratio of 27.11, a P/E/G ratio of 1.72 and a beta of 0.51. The company has a debt-to-equity ratio of -2.79, a quick ratio of 0.51 and a current ratio of 0.53. Jack in the Box has a twelve month low of $90.89 and a twelve month high of $113.30.
Jack in the Box (NASDAQ:JACK) last released its quarterly earnings results on Wednesday, November 29th. The restaurant operator reported $0.73 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.16). Jack in the Box had a negative return on equity of 30.55% and a net margin of 8.71%. The firm had revenue of $338.75 million for the quarter, compared to analysts’ expectations of $341.34 million. During the same quarter in the prior year, the business earned $1.03 earnings per share. The company’s quarterly revenue was down 15.0% on a year-over-year basis.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Monday, December 4th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend is Friday, December 1st. Jack in the Box’s dividend payout ratio is currently 36.36%.
In related news, 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 transaction of $54,436.30. Following the transaction, the insider now owns 10,979 shares of the company’s stock, valued at $1,127,653.09. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 2.10% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. Airain ltd purchased a new stake in Jack in the Box in the 2nd quarter valued at approximately $1,875,000. Vaughan Nelson Investment Management L.P. boosted its stake in shares of Jack in the Box by 60.9% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 850,225 shares of the restaurant operator’s stock worth $86,656,000 after acquiring an additional 321,825 shares in the last quarter. Bain Capital Public Equity Management LLC purchased a new stake in shares of Jack in the Box during the 2nd quarter worth approximately $54,752,000. Clinton Group Inc. boosted its stake in shares of Jack in the Box by 51.1% during the 2nd quarter. Clinton Group Inc. now owns 19,565 shares of the restaurant operator’s stock worth $1,927,000 after acquiring an additional 6,617 shares in the last quarter. Finally, Bank of Nova Scotia purchased a new stake in shares of Jack in the Box during the 2nd quarter worth approximately $9,850,000. 99.26% of the stock is currently owned by institutional investors.
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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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