Analysts expect Jack in the Box Inc. (NASDAQ:JACK) to post $184.72 million in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Jack in the Box’s earnings, with estimates ranging from $182.50 million to $189.80 million. Jack in the Box reported sales of $357.85 million in the same quarter last year, which would suggest a negative year over year growth rate of 48.4%. The company is scheduled to announce its next earnings report on Wednesday, August 8th.
On average, analysts expect that Jack in the Box will report full-year sales of $862.27 million for the current year, with estimates ranging from $857.00 million to $868.78 million. For the next financial year, analysts anticipate that the business will post sales of $749.60 million per share, with estimates ranging from $722.35 million to $784.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Jack in the Box.
Jack in the Box (NASDAQ:JACK) last announced its earnings results on Wednesday, May 16th. The restaurant operator reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.06). Jack in the Box had a negative return on equity of 27.25% and a net margin of 10.50%. The firm had revenue of $209.80 million for the quarter, compared to the consensus estimate of $212.84 million. During the same period in the prior year, the business earned $0.98 EPS. Jack in the Box’s quarterly revenue was down 21.1% on a year-over-year basis.
Several research firms have weighed in on JACK. SunTrust Banks lifted their price target on shares of Jack in the Box to $100.00 and gave the company a “buy” rating in a research note on Friday, May 18th. Wedbush reaffirmed a “buy” rating and issued a $115.00 price target on shares of Jack in the Box in a research note on Thursday, May 17th. OTR Global downgraded shares of Jack in the Box to a “positive” rating in a research note on Monday, May 7th. ValuEngine downgraded shares of Jack in the Box from a “hold” rating to a “sell” rating in a research note on Friday, May 4th. Finally, UBS Group decreased their price target on shares of Jack in the Box from $105.00 to $95.00 and set a “neutral” rating for the company in a research note on Thursday, April 26th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $105.08.
In related news, Director David Goebel sold 1,521 shares of the business’s stock in a transaction dated Wednesday, May 23rd. The shares were sold at an average price of $81.71, for a total transaction of $124,280.91. Following the transaction, the director now directly owns 20,181 shares in the company, valued at $1,648,989.51. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.60% of the stock is currently owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its holdings in Jack in the Box by 3.5% during the fourth quarter. BlackRock Inc. now owns 3,172,965 shares of the restaurant operator’s stock worth $311,300,000 after purchasing an additional 108,723 shares during the last quarter. Millennium Management LLC boosted its holdings in Jack in the Box by 4.5% during the first quarter. Millennium Management LLC now owns 1,039,330 shares of the restaurant operator’s stock worth $88,686,000 after purchasing an additional 44,890 shares during the last quarter. Blue Harbour Group L.P. purchased a new position in Jack in the Box during the first quarter worth about $56,915,000. Bank of New York Mellon Corp boosted its holdings in Jack in the Box by 7.5% during the fourth quarter. Bank of New York Mellon Corp now owns 413,333 shares of the restaurant operator’s stock worth $40,553,000 after purchasing an additional 28,931 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Jack in the Box by 3.7% during the fourth quarter. Geode Capital Management LLC now owns 273,368 shares of the restaurant operator’s stock worth $26,819,000 after purchasing an additional 9,817 shares during the last quarter. Institutional investors and hedge funds own 96.76% of the company’s stock.
NASDAQ JACK traded down $0.67 during mid-day trading on Friday, reaching $86.68. 36,843 shares of the stock were exchanged, compared to its average volume of 609,742. Jack in the Box has a one year low of $79.23 and a one year high of $108.55. The company has a market capitalization of $2.47 billion, a PE ratio of 22.34, a P/E/G ratio of 1.63 and a beta of 0.40. The company has a quick ratio of 0.85, a current ratio of 0.87 and a debt-to-equity ratio of -2.09.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 11th. Stockholders of record on Tuesday, May 29th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date was Friday, May 25th. Jack in the Box’s dividend payout ratio is currently 41.24%.
Jack in the Box Company Profile
Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants. As of April 15, 2018, it operated and franchised 2,245 Jack in the Box restaurants primarily in the western and southern United States and Guam. The company was founded in 1951 and is headquartered in San Diego, California.
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