Jack in the Box (JACK) Releases Quarterly Earnings Results, Misses Expectations By $0.01 EPS
Jack in the Box (NASDAQ:JACK) announced its earnings results on Wednesday. The company reported $0.51 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.52 by $0.01, Analyst Ratings Network reports. The company had revenue of $340.90 million for the quarter, compared to the consensus estimate of $338.31 million.
Shares of Jack in the Box (NASDAQ:JACK) traded down 2.35% on Wednesday, hitting $54.01. 594,051 shares of the company’s stock traded hands. Jack in the Box has a one year low of $35.72 and a one year high of $62.90. The stock has a 50-day moving average of $56.50 and a 200-day moving average of $51.89. The company has a market cap of $2.263 billion and a P/E ratio of 39.59.
A number of research firms have recently commented on JACK. Analysts at Barclays raised their price target on shares of Jack in the Box from $54.00 to $62.00 in a research note on Tuesday, April 15th. They now have an “equal weight” rating on the stock. On the ratings front, analysts at Wunderlich raised their price target on shares of Jack in the Box from $60.00 to $70.00 in a research note on Wednesday, April 2nd. They now have a “buy” rating on the stock. Finally, analysts at Zacks upgraded shares of Jack in the Box from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 1st. They now have a $63.70 price target on the stock. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $57.76.
Jack in the Box Inc is a restaurant company. The Company operates in two segments: Jack in the Box and Qdoba.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.