Jack in the Box Inc. (NASDAQ:JACK) – Stock analysts at SunTrust Banks decreased their Q1 2018 earnings per share (EPS) estimates for shares of Jack in the Box in a note issued to investors on Thursday. SunTrust Banks analyst J. Bartlett now anticipates that the restaurant operator will post earnings of $1.30 per share for the quarter, down from their prior forecast of $1.37. SunTrust Banks currently has a “Buy” rating and a $110.00 target price on the stock. SunTrust Banks also issued estimates for Jack in the Box’s Q2 2018 earnings at $1.02 EPS and Q3 2018 earnings at $1.25 EPS.

Jack in the Box (NASDAQ:JACK) last posted its 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 business had revenue of $338.75 million for the quarter, compared to analyst estimates of $341.34 million. During the same quarter in the prior year, the business earned $1.03 earnings per share. The firm’s quarterly revenue was down 15.0% on a year-over-year basis.

Several other research firms also recently commented on JACK. Zacks Investment Research downgraded shares of Jack in the Box from a “hold” rating to a “strong sell” rating in a research report on Tuesday, December 5th. BTIG Research downgraded shares of Jack in the Box from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 2nd. Robert W. Baird set a $115.00 target price on shares of Jack in the Box and gave the stock a “buy” rating in a research report on Monday, November 27th. Stifel Nicolaus started coverage on shares of Jack in the Box in a research report on Monday, October 2nd. They set a “hold” rating and a $105.00 target price on the stock. Finally, Wedbush downgraded shares of Jack in the Box from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $115.00 to $104.00 in a research report on Monday, November 20th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $111.15.

Shares of Jack in the Box (NASDAQ:JACK) opened at $92.86 on Friday. The company has a current ratio of 0.53, a quick ratio of 0.51 and a debt-to-equity ratio of -2.79. Jack in the Box has a 1 year low of $90.89 and a 1 year high of $113.00. The company has a market cap of $2,785.58, a P/E ratio of 24.39, a P/E/G ratio of 1.56 and a beta of 0.52.

Institutional investors and hedge funds have recently bought and sold shares of the business. Royal Bank of Canada boosted its holdings in Jack in the Box by 9.0% during the 2nd quarter. Royal Bank of Canada now owns 1,274 shares of the restaurant operator’s stock worth $126,000 after acquiring an additional 105 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Jack in the Box by 61.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,585 shares of the restaurant operator’s stock worth $156,000 after acquiring an additional 601 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Jack in the Box by 17.8% during the 2nd quarter. Victory Capital Management Inc. now owns 1,875 shares of the restaurant operator’s stock worth $185,000 after acquiring an additional 283 shares during the last quarter. Vident Investment Advisory LLC purchased a new position in Jack in the Box during the 3rd quarter worth $203,000. Finally, Diligent Investors LLC purchased a new position in Jack in the Box during the 3rd quarter worth $206,000. 98.71% of the stock is currently owned by hedge funds and other institutional investors.

In other Jack in the Box news, VP Dean C. Gordon sold 278 shares of the business’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $102.22, for a total transaction of $28,417.16. Following the completion of the sale, the vice president now owns 3,924 shares in the company, valued at approximately $401,111.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Frances L. Allen sold 530 shares of the business’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $102.71, for a total transaction of $54,436.30. Following the sale, the insider now owns 10,979 shares of the company’s stock, valued at approximately $1,127,653.09. The disclosure for this sale can be found here. Insiders have sold a total of 26,201 shares of company stock valued at $2,641,365 in the last 90 days. 2.10% of the stock is currently owned by company insiders.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Monday, December 4th were paid a dividend of $0.40 per share. The ex-dividend date was Friday, December 1st. This represents a $1.60 dividend on an annualized basis and a yield of 1.72%. Jack in the Box’s dividend payout ratio (DPR) is presently 36.36%.

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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 and Estimates for Jack in the Box (NASDAQ:JACK)

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