Wall Street analysts expect Jack in the Box (NASDAQ:JACK) to announce $212.16 million in sales for the current fiscal quarter, Zacks Investment Research reports. Six analysts have made estimates for Jack in the Box’s earnings. The lowest sales estimate is $209.20 million and the highest is $216.52 million. Jack in the Box posted sales of $369.39 million in the same quarter last year, which would indicate a negative year over year growth rate of 42.6%. The business is expected to report its next earnings report on Tuesday, May 15th.
According to Zacks, analysts expect that Jack in the Box will report full year sales of $877.76 million for the current financial year, with estimates ranging from $854.40 million to $895.57 million. For the next financial year, analysts forecast that the firm will report sales of $744.28 million per share, with estimates ranging from $721.60 million to $775.62 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Jack in the Box.
Jack in the Box (NASDAQ:JACK) last announced its quarterly earnings data on Wednesday, February 21st. The restaurant operator reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.17. The business 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 firm’s quarterly revenue was down 16.6% compared to the same quarter last year. During the same period last year, the firm posted $1.18 earnings per share.
A number of brokerages recently issued reports on JACK. Stifel Nicolaus reissued a “hold” rating and issued a $95.00 price objective on shares of Jack in the Box in a research note on Wednesday, March 21st. 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 $104.00 to $115.00 in a research note on Friday, January 26th. OTR Global raised shares of Jack in the Box to a “positive” rating in a research note on Wednesday, February 14th. BidaskClub raised shares of Jack in the Box from a “strong sell” rating to a “sell” rating in a research note on Saturday, February 17th. Finally, Goldman Sachs raised shares of Jack in the Box from a “sell” rating to a “neutral” rating in a research note on Friday, January 5th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $107.62.
NASDAQ:JACK traded down $0.98 during mid-day trading on Monday, reaching $88.04. The stock had a trading volume of 224,654 shares, compared to its average volume of 794,007. The stock has a market capitalization of $2,643.42, a price-to-earnings ratio of 22.72, a price-to-earnings-growth ratio of 1.57 and a beta of 0.44. The company has a debt-to-equity ratio of -2.77, a current ratio of 1.53 and a quick ratio of 1.52. Jack in the Box has a 12 month low of $79.30 and a 12 month high of $113.00.
In related news, VP Vanessa C. Fox sold 500 shares of the business’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $88.40, for a total value of $44,200.00. Following the transaction, the vice president now owns 2,142 shares in the company, valued at $189,352.80. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director David Goebel sold 1,486 shares of the business’s stock in a transaction on Friday, March 23rd. The shares were sold at an average price of $84.68, for a total transaction of $125,834.48. Following the completion of the transaction, the director now owns 21,702 shares in the company, valued at approximately $1,837,725.36. The disclosure for this sale can be found here. In 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.
Hedge funds have recently added to or reduced their stakes in the stock. Xact Kapitalforvaltning AB bought a new stake in shares of Jack in the Box during the fourth quarter worth about $260,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new stake in shares of Jack in the Box during the fourth quarter worth about $4,425,000. Segall Bryant & Hamill LLC increased its position in shares of Jack in the Box by 136.5% during the fourth quarter. Segall Bryant & Hamill LLC now owns 95,055 shares of the restaurant operator’s stock worth $9,326,000 after acquiring an additional 54,871 shares in the last quarter. MetLife Investment Advisors LLC bought a new stake in shares of Jack in the Box during the fourth quarter worth about $3,153,000. Finally, Otter Creek Advisors LLC bought a new stake in shares of Jack in the Box during the fourth quarter worth about $5,053,000. Institutional investors and hedge funds own 98.84% of the company’s stock.
Jack in the Box Company Profile
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.