Press coverage about Jack in the Box (NASDAQ:JACK) has been trending somewhat positive recently, according to Accern. The research group ranks the sentiment of media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Jack in the Box earned a news impact score of 0.12 on Accern’s scale. Accern also gave media stories about the restaurant operator an impact score of 44.1051697278307 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
- Jack in the Box Pushes Qdoba Out of the Box – Nasdaq (nasdaq.com)
- Jack in the Box Tests Munchie Meals for California Pot Smokers – Bloomberg (bloomberg.com)
- Jack in the Box selling Qdoba for $350M (detroitnews.com)
- TODAY'S CHARTS: FedEx delivers on earnings; Micron pops; Stitch Fix tumbles (finance.yahoo.com)
Several research firms have weighed in on JACK. Jefferies Group cut Jack in the Box from a “buy” rating to a “hold” rating and cut their price objective for the company from $120.00 to $100.00 in a research report on Wednesday, December 20th. Oppenheimer reiterated a “buy” rating on shares of Jack in the Box in a report on Tuesday, December 19th. BidaskClub lowered shares of Jack in the Box from a “sell” rating to a “strong sell” rating in a report on Tuesday, December 19th. Stifel Nicolaus began coverage on shares of Jack in the Box in a report on Monday, October 2nd. They set a “hold” rating and a $105.00 target price for the company. Finally, Robert W. Baird reiterated a “buy” rating and set a $115.00 target price on shares of Jack in the Box in a report on Tuesday, September 19th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $111.08.
Jack in the Box (NASDAQ:JACK) last announced its quarterly earnings data on Wednesday, November 29th. The restaurant operator reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.16). Jack in the Box had a negative return on equity of 30.55% and a net margin of 8.71%. The firm had revenue of $338.75 million during the quarter, compared to analysts’ expectations of $341.34 million. During the same quarter in the previous year, the firm earned $1.03 earnings per share. Jack in the Box’s revenue was down 15.0% on a year-over-year basis. analysts forecast that Jack in the Box will post 4.47 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Monday, December 4th were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, December 1st. This represents a $1.60 dividend on an annualized basis and a yield of 1.60%. Jack in the Box’s payout ratio is currently 35.63%.
In other Jack in the Box news, VP Dean C. Gordon sold 278 shares of Jack in the Box stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $102.22, for a total value of $28,417.16. Following the completion of the sale, the vice president now owns 3,924 shares of the company’s stock, valued at approximately $401,111.28. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Leonard A. Comma sold 6,021 shares of Jack in the Box stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $102.22, for a total transaction of $615,466.62. Following the completion of the sale, the chief executive officer now directly owns 173,796 shares of the company’s stock, valued at approximately $17,765,427.12. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,201 shares of company stock valued at $2,641,365. 2.10% of the stock is owned by company insiders.
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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