Jack In The Box Inc. Expected to Post FY2017 Earnings of $4.91 Per Share (JACK)
Jack In The Box Inc. (NASDAQ:JACK) – Research analysts at SunTrust Banks lowered their FY2017 earnings estimates for Jack In The Box in a report released on Wednesday. SunTrust Banks analyst J. Bartlett now anticipates that the firm will post earnings of $4.91 per share for the year, down from their previous forecast of $5.10.
Other equities research analysts also recently issued reports about the company. Zacks Investment Research upgraded Jack In The Box from a “hold” rating to a “buy” rating and set a $94.00 target price on the stock in a report on Tuesday, June 28th. Vetr upgraded Jack In The Box from a “hold” rating to a “buy” rating and set a $87.97 target price on the stock in a report on Monday, June 27th. Jefferies Group raised their target price on Jack In The Box from $100.00 to $112.00 and gave the company a “buy” rating in a report on Friday, August 5th. TheStreet upgraded Jack In The Box from a “hold” rating to a “buy” rating in a report on Friday, August 12th. Finally, Bank of America Corp. reiterated a “buy” rating and set a $108.00 target price on shares of Jack In The Box in a report on Tuesday, September 27th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the company. Jack In The Box presently has an average rating of “Buy” and an average price target of $101.53.
Shares of Jack In The Box (NASDAQ:JACK) opened at 95.53 on Monday. The stock has a 50 day moving average price of $97.73 and a 200 day moving average price of $85.42. Jack In The Box has a 12-month low of $61.78 and a 12-month high of $102.68. The firm has a market capitalization of $3.12 billion, a P/E ratio of 29.05 and a beta of 0.41.
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Jack In The Box (NASDAQ:JACK) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $1.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.20. The business earned $368.94 million during the quarter, compared to the consensus estimate of $367.52 million. Jack In The Box had a negative return on equity of 120.29% and a net margin of 7.41%. The company’s revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.76 earnings per share.
A number of hedge funds and other institutional investors have recently made changes to their positions in JACK. Menta Capital LLC acquired a new position in shares of Jack In The Box during the first quarter worth about $441,000. AXA raised its position in shares of Jack In The Box by 2,880.0% in the first quarter. AXA now owns 89,400 shares of the company’s stock worth $5,710,000 after buying an additional 86,400 shares during the period. Renaissance Technologies LLC raised its position in shares of Jack In The Box by 51.6% in the first quarter. Renaissance Technologies LLC now owns 199,300 shares of the company’s stock worth $12,729,000 after buying an additional 67,800 shares during the period. Springbok Capital Management LLC acquired a new position in shares of Jack In The Box during the first quarter worth about $607,000. Finally, Suvretta Capital Management LLC acquired a new position in shares of Jack In The Box during the first quarter worth about $30,683,000. Institutional investors own 98.44% of the company’s stock.
In other Jack In The Box news, VP Carol A. Diraimo sold 2,000 shares of the business’s stock in a transaction on Thursday, September 22nd. The stock was sold at an average price of $100.00, for a total transaction of $200,000.00. Following the completion of the transaction, the vice president now owns 16,059 shares in the company, valued at approximately $1,605,900. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Jerry P. Rebel sold 42,362 shares of the business’s stock in a transaction on Monday, September 19th. The stock was sold at an average price of $99.00, for a total value of $4,193,838.00. Following the transaction, the chief financial officer now owns 119,835 shares of the company’s stock, valued at approximately $11,863,665. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.
About Jack In The Box
Jack in the Box Inc is a restaurant company. The Company operates and franchises approximately 2,910 Jack in the Box quick-service restaurants (QSR) and Qdoba Mexican Eats fast-casual restaurants (Qdoba). Its segments are Jack in the Box and Qdoba Restaurant operations. It operates and franchises approximately 2,250 Jack in the Box restaurants, primarily in the western and southern United States, including one in Guam, over 660 Qdoba restaurants across the United States, and approximately four in Canada.
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