Jack In The Box Inc. (NASDAQ:JACK) – Wedbush cut their Q1 2018 earnings per share estimates for Jack In The Box in a report issued on Monday. Wedbush analyst N. Setyan now forecasts that the restaurant operator will post earnings of $0.23 per share for the quarter, down from their prior forecast of $1.35. Wedbush currently has a “Neutral” rating and a $104.00 price target on the stock. Wedbush also issued estimates for Jack In The Box’s Q2 2018 earnings at $0.10 EPS and Q3 2018 earnings at $0.13 EPS.

Several other analysts have also issued reports on the company. Jefferies Group LLC reiterated a “buy” rating and set a $120.00 price objective on shares of Jack In The Box in a report on Thursday, October 12th. Zacks Investment Research upgraded Jack In The Box from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. Telsey Advisory Group upgraded Jack In The Box from a “market perform” rating to an “outperform” rating and set a $118.00 target price on the stock in a report on Wednesday, October 4th. Wells Fargo & Company restated an “outperform” rating and set a $125.00 target price on shares of Jack In The Box in a report on Thursday, August 3rd. Finally, Oppenheimer Holdings, Inc. restated a “buy” rating and set a $125.00 target price on shares of Jack In The Box in a report on Monday. One analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $112.31.

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Shares of Jack In The Box (NASDAQ:JACK) opened at $102.57 on Wednesday. The company has a current ratio of 0.66, a quick ratio of 0.63 and a debt-to-equity ratio of -2.56. Jack In The Box has a 1-year low of $90.89 and a 1-year high of $113.30. The stock has a market capitalization of $3,030.13, a price-to-earnings ratio of 24.64, a P/E/G ratio of 1.58 and a beta of 0.52.

Several large investors have recently bought and sold shares of the company. Jana Partners LLC bought a new position in shares of Jack In The Box in the third quarter valued at approximately $134,200,000. State Street Corp raised its stake in shares of Jack In The Box by 0.3% in the second quarter. State Street Corp now owns 1,064,477 shares of the restaurant operator’s stock valued at $104,850,000 after acquiring an additional 3,496 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its stake in shares of Jack In The Box by 60.9% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 850,225 shares of the restaurant operator’s stock valued at $86,656,000 after acquiring an additional 321,825 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Jack In The Box by 1.1% in the second quarter. Dimensional Fund Advisors LP now owns 746,173 shares of the restaurant operator’s stock valued at $73,497,000 after acquiring an additional 8,434 shares during the last quarter. Finally, Janus Henderson Group PLC raised its stake in shares of Jack In The Box by 14.2% in the third quarter. Janus Henderson Group PLC now owns 623,109 shares of the restaurant operator’s stock valued at $63,507,000 after acquiring an additional 77,557 shares during the last quarter. Institutional investors own 96.05% of the company’s stock.

In other Jack In The Box news, insider Frances L. Allen sold 530 shares of Jack In The Box stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $102.71, for a total transaction of $54,436.30. Following the sale, the insider now directly owns 10,979 shares of the company’s stock, valued at $1,127,653.09. The transaction 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.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Monday, December 4th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date is Friday, December 1st. Jack In The Box’s dividend payout ratio (DPR) is presently 36.70%.

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.

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

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