Jack In The Box Inc. (NASDAQ:JACK) – SunTrust Banks lowered their Q3 2017 earnings estimates for shares of Jack In The Box in a research note issued on Wednesday. SunTrust Banks analyst J. Bartlett now anticipates that the restaurant operator will post earnings of $1.09 per share for the quarter, down from their prior forecast of $1.12. SunTrust Banks also issued estimates for Jack In The Box’s Q4 2017 earnings at $1.05 EPS, FY2017 earnings at $4.30 EPS and FY2018 earnings at $5.34 EPS.

Jack In The Box (NASDAQ:JACK) last announced its earnings results on Tuesday, May 16th. The restaurant operator reported $0.98 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.91 by $0.07. The company had revenue of $369.40 million during the quarter, compared to analyst estimates of $369.36 million. Jack In The Box had a net margin of 8.07% and a negative return on equity of 49.06%. Jack In The Box’s revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.85 earnings per share. ILLEGAL ACTIVITY NOTICE: “SunTrust Banks Research Analysts Decrease Earnings Estimates for Jack In The Box Inc. (NASDAQ:JACK)” was published by American Banking News and is the property of of American Banking News. If you are viewing this piece of content on another domain, it was illegally copied and reposted in violation of U.S. & international trademark & copyright law. The original version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/07/21/suntrust-banks-research-analysts-decrease-earnings-estimates-for-jack-in-the-box-inc-nasdaqjack.html.

Several other research firms have also recently commented on JACK. Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $125.00 price target on shares of Jack In The Box in a report on Friday, May 12th. Zacks Investment Research upgraded Jack In The Box from a “sell” rating to a “hold” rating in a report on Tuesday. Jefferies Group LLC restated a “buy” rating on shares of Jack In The Box in a report on Wednesday, May 3rd. Bank of America Corporation restated a “buy” rating on shares of Jack In The Box in a report on Tuesday, May 30th. They noted that the move was a valuation call. Finally, TheStreet upgraded Jack In The Box from a “c+” rating to a “b-” rating in a report on Thursday, June 15th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $115.00.

Jack In The Box (NASDAQ:JACK) opened at 94.65 on Friday. The stock has a market cap of $2.78 billion, a price-to-earnings ratio of 23.39 and a beta of 0.58. Jack In The Box has a 52 week low of $86.52 and a 52 week high of $113.30. The firm’s 50-day moving average is $101.43 and its 200 day moving average is $102.69.

Several hedge funds have recently modified their holdings of JACK. Dynamic Technology Lab Private Ltd bought a new position in Jack In The Box during the first quarter worth $313,000. Oppenheimer & Co. Inc. boosted its position in Jack In The Box by 804.6% in the first quarter. Oppenheimer & Co. Inc. now owns 32,267 shares of the restaurant operator’s stock worth $3,282,000 after buying an additional 28,700 shares in the last quarter. TIAA CREF Investment Management LLC boosted its position in Jack In The Box by 5.8% in the first quarter. TIAA CREF Investment Management LLC now owns 197,112 shares of the restaurant operator’s stock worth $20,050,000 after buying an additional 10,769 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in Jack In The Box by 8.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 208,306 shares of the restaurant operator’s stock worth $21,189,000 after buying an additional 15,955 shares in the last quarter. Finally, Teachers Advisors LLC boosted its position in Jack In The Box by 1.4% in the fourth quarter. Teachers Advisors LLC now owns 55,026 shares of the restaurant operator’s stock worth $6,143,000 after buying an additional 738 shares in the last quarter.

In other news, EVP Phillip H. Rudolph sold 6,908 shares of the business’s stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $103.64, for a total transaction of $715,945.12. Following the completion of the sale, the executive vice president now owns 99,261 shares in the company, valued at approximately $10,287,410.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.10% of the stock is currently owned by 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.

Earnings History and Estimates for Jack In The Box (NASDAQ:JACK)

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