Jack in the Box Inc. (NASDAQ:JACK) – Research analysts at SunTrust Banks dropped their Q1 2018 EPS estimates for shares of Jack in the Box in a report issued on Thursday. SunTrust Banks analyst J. Bartlett now expects that the restaurant operator will post earnings per share of $1.37 for the quarter, down from their prior estimate of $1.51. SunTrust Banks currently has a “Buy” rating and a $109.00 target price on the stock. SunTrust Banks also issued estimates for Jack in the Box’s Q2 2018 earnings at $1.05 EPS, Q3 2018 earnings at $1.17 EPS, Q4 2018 earnings at $1.08 EPS, FY2018 earnings at $4.68 EPS, Q1 2019 earnings at $1.50 EPS, Q2 2019 earnings at $1.12 EPS, Q3 2019 earnings at $1.25 EPS, FY2019 earnings at $5.00 EPS, FY2020 earnings at $5.30 EPS and FY2021 earnings at $5.68 EPS.
Several other equities analysts have also recently issued reports on the company. Wells Fargo & Company decreased their price objective on Jack in the Box from $120.00 to $117.00 and set an “outperform” rating for the company in a report on Wednesday, November 15th. Jefferies Group reaffirmed a “buy” rating and issued a $120.00 price target on shares of Jack in the Box in a report on Thursday, October 12th. Oppenheimer reaffirmed a “buy” rating and issued a $125.00 price target on shares of Jack in the Box in a report on Monday, November 20th. Zacks Investment Research raised Jack in the Box from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. Finally, Telsey Advisory Group raised Jack in the Box from a “market perform” rating to an “outperform” rating and set a $118.00 price target for the company in a report on Wednesday, October 4th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $112.62.
Jack in the Box (NASDAQ:JACK) last issued its quarterly earnings data on Wednesday, November 29th. The restaurant operator reported $0.73 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.89 by ($0.16). The company had revenue of $338.75 million during the quarter, compared to analyst estimates of $341.34 million. Jack in the Box had a net margin of 8.71% and a negative return on equity of 30.55%. The business’s quarterly revenue was down 15.0% compared to the same quarter last year. During the same period last year, the firm earned $1.03 EPS.
Several institutional investors have recently made changes to their positions in the business. Airain ltd purchased a new stake in shares of Jack in the Box in the second quarter valued at approximately $1,875,000. Vaughan Nelson Investment Management L.P. grew its position in shares of Jack in the Box by 60.9% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 850,225 shares of the restaurant operator’s stock valued at $86,656,000 after purchasing an additional 321,825 shares in the last quarter. Bain Capital Public Equity Management LLC purchased a new stake in shares of Jack in the Box in the second quarter valued at approximately $54,752,000. Clinton Group Inc. grew its position in shares of Jack in the Box by 51.1% in the second quarter. Clinton Group Inc. now owns 19,565 shares of the restaurant operator’s stock valued at $1,927,000 after purchasing an additional 6,617 shares in the last quarter. Finally, Bank of Nova Scotia purchased a new stake in shares of Jack in the Box in the second quarter valued at approximately $9,850,000. 99.26% of the stock is owned by institutional investors and hedge funds.
In other Jack in the Box news, insider Frances L. Allen sold 530 shares of the stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $102.71, for a total transaction of $54,436.30. Following the completion of the transaction, the insider now owns 10,979 shares of the company’s stock, valued at $1,127,653.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.10% of the stock is owned by corporate insiders.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Monday, December 4th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, December 1st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.50%. Jack in the Box’s payout ratio is currently 36.36%.
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.
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