FY2018 EPS Estimates for Jack In The Box Inc. Reduced by Oppenheimer Holdings (JACK)

Jack In The Box Inc. (NASDAQ:JACK) – Research analysts at Oppenheimer Holdings decreased their FY2018 EPS estimates for shares of Jack In The Box in a research note issued on Monday. Oppenheimer Holdings analyst B. Bittner now anticipates that the restaurant operator will earn $4.73 per share for the year, down from their previous estimate of $4.80. Oppenheimer Holdings currently has a “Buy” rating and a $125.00 target price on the stock.

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Other equities analysts have also issued reports about the stock. Robert W. Baird decreased their price objective on shares of Jack In The Box from $120.00 to $115.00 and set an “outperform” rating on the stock in a report on Tuesday, August 8th. Barclays PLC reduced their target price on shares of Jack In The Box from $110.00 to $103.00 and set an “equal weight” rating on the stock in a report on Thursday, August 10th. Wedbush reiterated a “buy” rating on shares of Jack In The Box in a report on Friday, August 11th. TheStreet lowered shares of Jack In The Box from a “b-” rating to a “c” rating in a report on Wednesday, August 9th. Finally, BidaskClub upgraded shares of Jack In The Box from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the stock. Jack In The Box presently has a consensus rating of “Buy” and an average price target of $112.31.

Shares of Jack In The Box (NASDAQ JACK) traded down $0.41 during mid-day trading on Tuesday, hitting $102.57. 438,900 shares of the stock traded hands, compared to its average volume of 639,212. The company has a debt-to-equity ratio of -2.56, a quick ratio of 0.63 and a current ratio of 0.66. Jack In The Box has a 52-week low of $90.89 and a 52-week high of $113.30. The firm has a market cap of $3,030.13, a price-to-earnings ratio of 24.64, a P/E/G ratio of 1.58 and a beta of 0.52.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Monday, December 4th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend is Friday, December 1st. Jack In The Box’s dividend payout ratio (DPR) is 36.70%.

In related news, insider Frances L. Allen sold 530 shares of the 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 completion of the sale, the insider now owns 10,979 shares in the company, valued at approximately $1,127,653.09. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 2.10% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Jana Partners LLC acquired a new stake in shares of Jack In The Box in the third quarter valued at about $134,200,000. California Public Employees Retirement System lifted its stake in shares of Jack In The Box by 8.1% in the third quarter. California Public Employees Retirement System now owns 95,093 shares of the restaurant operator’s stock valued at $9,692,000 after purchasing an additional 7,093 shares during the period. Janus Henderson Group PLC lifted its stake in shares of Jack In The Box by 14.2% in the third quarter. Janus Henderson Group PLC now owns 623,109 shares of the restaurant operator’s stock valued at $63,507,000 after purchasing an additional 77,557 shares during the period. Jane Street Group LLC lifted its stake in shares of Jack In The Box by 124.0% in the third quarter. Jane Street Group LLC now owns 5,132 shares of the restaurant operator’s stock valued at $523,000 after purchasing an additional 26,495 shares during the period. Finally, Vident Investment Advisory LLC acquired a new stake in shares of Jack In The Box in the third quarter valued at about $203,000. Hedge funds and other institutional investors own 96.05% 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 (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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