Analysts expect that Jack in the Box Inc. (NASDAQ:JACK) will announce sales of $220.70 million for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Jack in the Box’s earnings, with the lowest sales estimate coming in at $215.19 million and the highest estimate coming in at $223.20 million. Jack in the Box reported sales of $177.47 million during the same quarter last year, which indicates a positive year-over-year growth rate of 24.4%. The business is expected to report its next quarterly earnings report on Monday, November 18th.

On average, analysts expect that Jack in the Box will report full year sales of $948.32 million for the current financial year, with estimates ranging from $938.47 million to $952.10 million. For the next year, analysts expect that the business will report sales of $968.80 million, with estimates ranging from $959.18 million to $982.70 million. Zacks’ sales calculations are an average based on a survey of research firms that that provide coverage for Jack in the Box.

Jack in the Box (NASDAQ:JACK) last posted its earnings results on Wednesday, August 7th. The restaurant operator reported $1.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.08. The company had revenue of $222.36 million during the quarter, compared to the consensus estimate of $220.44 million. Jack in the Box had a net margin of 9.78% and a negative return on equity of 18.59%. The company’s revenue for the quarter was up 18.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.00 earnings per share.

Several research firms have commented on JACK. Goldman Sachs Group began coverage on shares of Jack in the Box in a research report on Monday, July 29th. They issued a “sell” rating and a $69.00 target price for the company. Cowen reissued a “hold” rating on shares of Jack in the Box in a research report on Thursday, May 16th. BidaskClub raised shares of Jack in the Box from a “hold” rating to a “buy” rating in a research report on Thursday. Wedbush raised shares of Jack in the Box from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $75.00 to $105.00 in a research report on Friday, August 9th. Finally, Credit Suisse Group upped their price objective on shares of Jack in the Box from $75.00 to $78.00 and gave the stock an “underperform” rating in a report on Friday, August 9th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $92.33.

JACK stock traded up $1.24 during trading hours on Tuesday, hitting $88.06. The company’s stock had a trading volume of 26,175 shares, compared to its average volume of 475,855. The company has a market capitalization of $2.24 billion, a PE ratio of 23.21, a price-to-earnings-growth ratio of 1.60 and a beta of 0.22. Jack in the Box has a 12 month low of $70.77 and a 12 month high of $90.49. The stock has a 50 day moving average price of $83.05 and a two-hundred day moving average price of $80.80.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 10th. Investors of record on Monday, August 19th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.82%. The ex-dividend date was Friday, August 16th. Jack in the Box’s dividend payout ratio is currently 42.22%.

In related news, VP Carol A. Diraimo sold 1,540 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $85.00, for a total transaction of $130,900.00. Following the completion of the transaction, the vice president now directly owns 18,538 shares in the company, valued at approximately $1,575,730. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Leonard A. Comma sold 15,000 shares of the company’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $86.10, for a total transaction of $1,291,500.00. Following the transaction, the chief executive officer now owns 204,552 shares of the company’s stock, valued at $17,611,927.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 35,080 shares of company stock valued at $3,047,960. 2.30% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Atria Investments LLC acquired a new position in Jack in the Box during the 2nd quarter valued at $473,000. Natixis acquired a new position in Jack in the Box during the 2nd quarter valued at $378,000. Maplelane Capital LLC raised its stake in Jack in the Box by 55.2% during the 2nd quarter. Maplelane Capital LLC now owns 115,457 shares of the restaurant operator’s stock valued at $9,397,000 after purchasing an additional 41,057 shares during the last quarter. Maverick Capital Ltd. raised its stake in Jack in the Box by 59.9% during the 2nd quarter. Maverick Capital Ltd. now owns 204,390 shares of the restaurant operator’s stock valued at $16,635,000 after purchasing an additional 76,540 shares during the last quarter. Finally, Royal Bank of Canada raised its stake in Jack in the Box by 8.9% during the 2nd quarter. Royal Bank of Canada now owns 17,727 shares of the restaurant operator’s stock valued at $1,442,000 after purchasing an additional 1,454 shares during the last quarter.

Jack in the Box Company Profile

Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants. As of March 19, 2019, it operated and franchised approximately 2,200 Jack in the Box restaurants in 21 states and Guam. The company was founded in 1951 and is headquartered in San Diego, California.

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

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