SunTrust Banks Equities Analysts Cut Earnings Estimates for Jack in the Box Inc. (JACK)

Jack in the Box Inc. (NASDAQ:JACK) – Research analysts at SunTrust Banks lowered their Q1 2018 earnings per share estimates for Jack in the Box in a research note issued to investors on Thursday. SunTrust Banks analyst J. Bartlett now expects that the restaurant operator will post earnings per share of $1.30 for the quarter, down from their previous estimate of $1.37. SunTrust Banks has a “Buy” rating and a $110.00 price objective on the stock. SunTrust Banks also issued estimates for Jack in the Box’s Q2 2018 earnings at $1.02 EPS and Q3 2018 earnings at $1.25 EPS.

Jack in the Box (NASDAQ:JACK) last announced its quarterly earnings results on Wednesday, November 29th. The restaurant operator reported $0.73 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.89 by ($0.16). The firm had revenue of $338.75 million during the quarter, compared to the consensus estimate of $341.34 million. Jack in the Box had a negative return on equity of 30.55% and a net margin of 8.71%. The business’s revenue for the quarter was down 15.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.03 EPS.

A number of other equities analysts have also recently issued reports on JACK. Telsey Advisory Group cut shares of Jack in the Box from an “outperform” rating to a “market perform” rating in a research note on Wednesday. BTIG Research lowered Jack in the Box from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 2nd. Goldman Sachs Group raised Jack in the Box from a “sell” rating to a “neutral” rating in a research report on Friday, January 5th. Stifel Nicolaus started coverage on Jack in the Box in a research report on Monday, October 2nd. They issued a “hold” rating and a $105.00 target price for the company. Finally, BidaskClub lowered Jack in the Box from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 19th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $111.15.

Jack in the Box (JACK) opened at $94.64 on Friday. The stock has a market cap of $2,790.00, a PE ratio of 21.08, a P/E/G ratio of 1.60 and a beta of 0.52. Jack in the Box has a one year low of $90.89 and a one year high of $113.00. The company has a debt-to-equity ratio of -2.79, a current ratio of 0.53 and a quick ratio of 0.51.

Large investors have recently made changes to their positions in the stock. Royal Bank of Canada grew its stake in shares of Jack in the Box by 9.0% during the 2nd quarter. Royal Bank of Canada now owns 1,274 shares of the restaurant operator’s stock valued at $126,000 after acquiring an additional 105 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Jack in the Box by 61.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,585 shares of the restaurant operator’s stock valued at $156,000 after acquiring an additional 601 shares during the period. Victory Capital Management Inc. grew its stake in shares of Jack in the Box by 17.8% during the 2nd quarter. Victory Capital Management Inc. now owns 1,875 shares of the restaurant operator’s stock valued at $185,000 after acquiring an additional 283 shares during the period. Vident Investment Advisory LLC bought a new position in shares of Jack in the Box during the 3rd quarter valued at approximately $203,000. Finally, Diligent Investors LLC bought a new position in shares of Jack in the Box during the 3rd quarter valued at approximately $206,000. Institutional investors own 98.71% of the company’s stock.

In related news, EVP Phillip H. Rudolph sold 1,455 shares of the business’s 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 $148,730.10. Following the completion of the transaction, the executive vice president now directly owns 92,048 shares in the company, valued at approximately $9,409,146.56. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Frances L. Allen sold 530 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $102.71, for a total value of $54,436.30. Following the transaction, the insider now owns 10,979 shares of the company’s stock, valued at $1,127,653.09. The disclosure for this sale can be found here. Insiders have sold a total of 26,201 shares of company stock valued at $2,641,365 in the last ninety days. Insiders own 2.10% of the company’s stock.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Monday, December 4th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend was Friday, December 1st. Jack in the Box’s payout ratio is currently 35.63%.

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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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