Wall Street analysts expect Jack In The Box Inc. (NASDAQ:JACK) to announce $342.58 million in sales for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have made estimates for Jack In The Box’s earnings. The lowest sales estimate is $332.30 million and the highest is $348.00 million. Jack In The Box posted sales of $398.42 million in the same quarter last year, which would indicate a negative year over year growth rate of 14%. The business is expected to report its next earnings report on Monday, November 20th.

According to Zacks, analysts expect that Jack In The Box will report full year sales of $342.58 million for the current financial year, with estimates ranging from $1.55 billion to $1.56 billion. For the next financial year, analysts forecast that the firm will report sales of $1.41 billion per share, with estimates ranging from $1.37 billion to $1.43 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Jack In The Box.

Jack In The Box (NASDAQ:JACK) last announced its earnings results on Wednesday, August 9th. The restaurant operator reported $0.99 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.05 by ($0.06). Jack In The Box had a negative return on equity of 37.83% and a net margin of 8.51%. The business had revenue of $357.80 million for the quarter, compared to the consensus estimate of $360.84 million. During the same period in the prior year, the business posted $1.07 earnings per share. The firm’s revenue for the quarter was down 3.0% compared to the same quarter last year.

JACK has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of Jack In The Box from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. Wells Fargo & Company restated an “outperform” rating and set a $125.00 price target on shares of Jack In The Box in a research note on Thursday, August 3rd. BidaskClub upgraded shares of Jack In The Box from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. TheStreet cut shares of Jack In The Box from a “b-” rating to a “c” rating in a research note on Wednesday, August 9th. Finally, Stifel Nicolaus initiated coverage on shares of Jack In The Box in a research note on Monday, October 2nd. They set a “hold” rating and a $105.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $113.38.

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Jack In The Box (JACK) opened at 102.43 on Monday. Jack In The Box has a one year low of $90.89 and a one year high of $113.30. The stock’s 50 day moving average is $98.24 and its 200 day moving average is $99.52. The company has a market capitalization of $3.01 billion, a PE ratio of 23.63 and a beta of 0.58.

Several large investors have recently modified their holdings of JACK. Royal Bank of Canada increased its holdings in shares of Jack In The Box by 9.0% in the 2nd quarter. Royal Bank of Canada now owns 1,274 shares of the restaurant operator’s stock worth $126,000 after buying an additional 105 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Jack In The Box by 61.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,585 shares of the restaurant operator’s stock worth $156,000 after buying an additional 601 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Jack In The Box by 17.8% in the 2nd quarter. Victory Capital Management Inc. now owns 1,875 shares of the restaurant operator’s stock worth $185,000 after buying an additional 283 shares during the last quarter. FNY Managed Accounts LLC increased its holdings in shares of Jack In The Box by 90.6% in the 2nd quarter. FNY Managed Accounts LLC now owns 2,030 shares of the restaurant operator’s stock worth $199,000 after buying an additional 965 shares during the last quarter. Finally, Riverhead Capital Management LLC increased its holdings in shares of Jack In The Box by 61.3% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,097 shares of the restaurant operator’s stock worth $207,000 after buying an additional 797 shares during the last quarter. 94.58% of the stock is currently owned by hedge funds and other institutional investors.

About Jack In The Box

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.

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

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