Equities analysts expect Jack in the Box (NASDAQ:JACK) to post $212.16 million in sales for the current quarter, Zacks reports. Six analysts have made estimates for Jack in the Box’s earnings. The highest sales estimate is $216.52 million and the lowest is $209.20 million. Jack in the Box reported sales of $369.39 million during the same quarter last year, which indicates a negative year over year growth rate of 42.6%. The firm is expected to report its next earnings report on Tuesday, May 15th.
On average, analysts expect that Jack in the Box will report full-year sales of $212.16 million for the current financial year, with estimates ranging from $854.40 million to $895.57 million. For the next year, analysts anticipate that the company will post sales of $744.28 million per share, with estimates ranging from $721.60 million to $775.62 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Jack in the Box.
Jack in the Box (NASDAQ:JACK) last posted its quarterly earnings results on Wednesday, February 21st. The restaurant operator reported $1.23 EPS for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.17. The firm had revenue of $294.50 million for the quarter, compared to analysts’ expectations of $284.37 million. Jack in the Box had a net margin of 8.20% and a negative return on equity of 28.27%. The business’s revenue for the quarter was down 16.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.18 earnings per share.
A number of research firms have recently commented on JACK. Robert W. Baird restated a “buy” rating on shares of Jack in the Box in a report on Thursday, March 29th. Morgan Stanley cut shares of Jack in the Box from an “overweight” rating to an “equal weight” rating and set a $106.00 price target on the stock. in a report on Monday, March 26th. BidaskClub upgraded shares of Jack in the Box from a “strong sell” rating to a “sell” rating in a report on Saturday, March 24th. Stifel Nicolaus restated a “hold” rating and issued a $95.00 price target on shares of Jack in the Box in a report on Wednesday, March 21st. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $105.00 target price (down from $118.00) on shares of Jack in the Box in a report on Wednesday, March 14th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $107.62.
Shares of NASDAQ JACK traded down $0.59 during mid-day trading on Friday, reaching $86.54. The company had a trading volume of 461,226 shares, compared to its average volume of 850,072. The company has a current ratio of 1.53, a quick ratio of 1.52 and a debt-to-equity ratio of -2.77. The stock has a market cap of $2,541.54, a PE ratio of 22.30, a PEG ratio of 1.50 and a beta of 0.44. Jack in the Box has a 52 week low of $79.30 and a 52 week high of $113.00.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 16th. Shareholders of record on Monday, March 5th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.85%. The ex-dividend date of this dividend was Friday, March 2nd. Jack in the Box’s payout ratio is 41.24%.
In other Jack in the Box news, Director David Goebel sold 1,486 shares of the stock in a transaction dated Friday, March 23rd. The shares were sold at an average price of $84.68, for a total transaction of $125,834.48. Following the transaction, the director now directly owns 21,702 shares in the company, valued at approximately $1,837,725.36. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Vanessa C. Fox sold 500 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $88.40, for a total transaction of $44,200.00. Following the sale, the vice president now directly owns 2,142 shares of the company’s stock, valued at $189,352.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,596 shares of company stock worth $225,544. 2.60% of the stock is owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in the business. Xact Kapitalforvaltning AB purchased a new stake in shares of Jack in the Box during the fourth quarter valued at about $260,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new position in shares of Jack in the Box in the 4th quarter valued at approximately $4,425,000. Segall Bryant & Hamill LLC raised its position in shares of Jack in the Box by 136.5% in the 4th quarter. Segall Bryant & Hamill LLC now owns 95,055 shares of the restaurant operator’s stock valued at $9,326,000 after purchasing an additional 54,871 shares during the last quarter. MetLife Investment Advisors LLC purchased a new position in shares of Jack in the Box in the 4th quarter valued at approximately $3,153,000. Finally, Otter Creek Advisors LLC purchased a new position in shares of Jack in the Box in the 4th quarter valued at approximately $5,053,000. 98.84% of the stock is owned by institutional investors and hedge funds.
About Jack in the Box
Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants and Qdoba Mexican Eats fast-casual restaurants primarily in the United States. As of October 01, 2017, it operated and franchised approximately 2,251 Jack in the Box restaurants in 21 states and Guam; and approximately 726 Qdoba Mexican Eats restaurants in 47 states, the District of Columbia, and Canada.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Jack in the Box Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jack in the Box and related companies with MarketBeat.com's FREE daily email newsletter.