Jack in the Box Inc. (JACK) Forecasted to Earn Q1 2018 Earnings of $1.19 Per Share

Jack in the Box Inc. (NASDAQ:JACK) – Equities research analysts at Oppenheimer issued their Q1 2018 EPS estimates for shares of Jack in the Box in a research note issued on Wednesday. Oppenheimer analyst B. Bittner anticipates that the restaurant operator will earn $1.19 per share for the quarter. Oppenheimer has a “Buy” rating and a $125.00 price target on the stock. Oppenheimer also issued estimates for Jack in the Box’s Q2 2018 earnings at $1.06 EPS, Q3 2018 earnings at $1.13 EPS, Q4 2018 earnings at $1.08 EPS and FY2018 earnings at $4.46 EPS.

A number of other research analysts have also commented on JACK. Wells Fargo & Company reiterated an “outperform” rating and set a $125.00 price target on shares of Jack in the Box in a report on Thursday, August 3rd. Robert W. Baird cut their price target on Jack in the Box from $120.00 to $115.00 and set an “outperform” rating for the company in a report on Tuesday, August 8th. BidaskClub upgraded Jack in the Box from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. Telsey Advisory Group reiterated a “market perform” rating on shares of Jack in the Box in a report on Thursday, August 10th. Finally, Barclays cut their price target on Jack in the Box from $110.00 to $103.00 and set an “equal weight” rating for the company in a report on Thursday, August 10th. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $113.62.

Shares of Jack in the Box (JACK) traded up $1.30 during mid-day trading on Friday, hitting $103.51. The stock had a trading volume of 3,607,500 shares, compared to its average volume of 658,530. Jack in the Box has a one year low of $90.89 and a one year high of $113.30. The firm has a market capitalization of $2,860.00, a price-to-earnings ratio of 24.51, a PEG ratio of 1.61 and a beta of 0.52. 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 (NASDAQ:JACK) last issued its quarterly earnings results on Wednesday, November 29th. The restaurant operator reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.16). 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 $338.75 million for the quarter, compared to analyst estimates of $341.34 million. During the same quarter last year, the firm earned $1.03 earnings per share. The firm’s quarterly revenue was down 15.0% compared to the same quarter last year.

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 paid a $0.40 dividend. The ex-dividend date is Friday, December 1st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.55%. Jack in the Box’s payout ratio is 35.87%.

In other Jack in the Box news, insider Frances L. Allen sold 530 shares of the stock in a transaction 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 completion of the transaction, the insider now directly owns 10,979 shares in the company, valued at $1,127,653.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.10% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio raised its stake in Jack in the Box by 1.4% during the second quarter. Public Employees Retirement System of Ohio now owns 2,188 shares of the restaurant operator’s stock worth $216,000 after acquiring an additional 30 shares in the last quarter. Royal Bank of Canada raised its stake in Jack in the Box by 9.0% during the second quarter. Royal Bank of Canada now owns 1,274 shares of the restaurant operator’s stock worth $126,000 after acquiring an additional 105 shares in the last quarter. UBS Asset Management Americas Inc. raised its stake in Jack in the Box by 0.7% during the second quarter. UBS Asset Management Americas Inc. now owns 16,790 shares of the restaurant operator’s stock worth $1,654,000 after acquiring an additional 123 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in Jack in the Box by 5.8% during the second quarter. Janney Montgomery Scott LLC now owns 2,777 shares of the restaurant operator’s stock worth $274,000 after acquiring an additional 151 shares in the last quarter. Finally, Northwestern Mutual Investment Management Company LLC raised its stake in Jack in the Box by 3.0% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 5,618 shares of the restaurant operator’s stock worth $483,000 after acquiring an additional 165 shares in the last quarter. Hedge funds and other institutional investors own 99.18% of the company’s stock.

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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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