Equities analysts forecast that Jack in the Box Inc. (NASDAQ:JACK) will post $219.26 million in sales for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Jack in the Box’s earnings, with estimates ranging from $216.57 million to $222.18 million. Jack in the Box reported sales of $187.98 million in the same quarter last year, which indicates a positive year-over-year growth rate of 16.6%. The firm is expected to issue its next quarterly earnings report on Wednesday, August 14th.
According to Zacks, analysts expect that Jack in the Box will report full year sales of $943.74 million for the current year, with estimates ranging from $938.47 million to $948.50 million. For the next fiscal year, analysts expect that the company will post sales of $964.07 million, with estimates ranging from $953.78 million to $976.00 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Jack in the Box.
Jack in the Box (NASDAQ:JACK) last released its earnings results on Wednesday, May 15th. The restaurant operator reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.06. Jack in the Box had a net margin of 13.85% and a negative return on equity of 19.41%. The firm had revenue of $215.73 million during the quarter, compared to analyst estimates of $217.99 million. During the same quarter in the previous year, the business earned $0.80 EPS. The business’s quarterly revenue was up 2.8% compared to the same quarter last year.
JACK has been the subject of a number of analyst reports. Gordon Haskett raised shares of Jack in the Box from a “hold” rating to a “buy” rating in a report on Wednesday, March 27th. SunTrust Banks lifted their target price on shares of Jack in the Box to $108.00 and gave the stock a “buy” rating in a report on Friday, May 17th. Stifel Nicolaus raised shares of Jack in the Box from a “hold” rating to a “buy” rating and lifted their target price for the stock from $85.00 to $95.00 in a report on Monday, May 20th. Morgan Stanley initiated coverage on shares of Jack in the Box in a report on Tuesday, May 21st. They set an “equal weight” rating and a $87.00 target price for the company. Finally, Cowen reaffirmed a “hold” rating on shares of Jack in the Box in a report on Thursday, May 16th. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $92.50.
JACK traded down $0.48 during trading on Friday, reaching $80.38. 564,679 shares of the company’s stock were exchanged, compared to its average volume of 585,624. Jack in the Box has a fifty-two week low of $74.19 and a fifty-two week high of $93.98. The firm has a market capitalization of $2.07 billion, a PE ratio of 21.21, a P/E/G ratio of 1.54 and a beta of 0.51.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Wednesday, May 29th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date is Tuesday, May 28th. Jack in the Box’s payout ratio is presently 42.22%.
In related news, CFO Lance F. Tucker sold 517 shares of the company’s stock in a transaction on Wednesday, April 3rd. The shares were sold at an average price of $81.26, for a total value of $42,011.42. Following the completion of the transaction, the chief financial officer now directly owns 19,004 shares of the company’s stock, valued at approximately $1,544,265.04. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last ninety days, insiders sold 1,113 shares of company stock valued at $89,004. Company insiders own 2.30% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. JNBA Financial Advisors acquired a new position in Jack in the Box in the 4th quarter worth $31,000. Quadrant Capital Group LLC boosted its stake in Jack in the Box by 1,815.0% in the 1st quarter. Quadrant Capital Group LLC now owns 766 shares of the restaurant operator’s stock worth $60,000 after purchasing an additional 726 shares during the period. Cresset Asset Management LLC acquired a new position in Jack in the Box in the 1st quarter worth $82,000. Strs Ohio boosted its stake in Jack in the Box by 600.0% in the 4th quarter. Strs Ohio now owns 1,400 shares of the restaurant operator’s stock worth $108,000 after purchasing an additional 1,200 shares during the period. Finally, Dupont Capital Management Corp acquired a new position in Jack in the Box in the 4th quarter worth $197,000. 95.52% of the stock is owned by hedge funds and other institutional investors.
Jack in the Box Company Profile
Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants. As of March 19, 2019, it operated and franchised approximately 2,200 Jack in the Box restaurants in 21 states and Guam. The company was founded in 1951 and is headquartered in San Diego, California.
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