Jack in the Box Inc. Forecasted to Post Q1 2018 Earnings of $1.24 Per Share (JACK)

Jack in the Box Inc. (NASDAQ:JACK) – Jefferies Group issued their Q1 2018 EPS estimates for shares of Jack in the Box in a research note issued on Thursday. Jefferies Group analyst A. Slagle forecasts that the restaurant operator will post earnings of $1.24 per share for the quarter. Jefferies Group has a “Buy” rating and a $120.00 price objective on the stock. Jefferies Group also issued estimates for Jack in the Box’s Q2 2018 earnings at $1.09 EPS, Q3 2018 earnings at $1.17 EPS, Q4 2018 earnings at $1.16 EPS and FY2018 earnings at $4.65 EPS.

Jack in the Box (NASDAQ:JACK) last issued its earnings results on Wednesday, November 29th. The restaurant operator reported $0.73 EPS for the quarter, missing the Zacks’ consensus estimate of $0.89 by ($0.16). The company had revenue of $338.75 million for the quarter, compared to analysts’ expectations of $341.34 million. Jack in the Box had a negative return on equity of 30.55% and a net margin of 8.71%. The business’s revenue was down 15.0% compared to the same quarter last year. During the same period last year, the business posted $1.03 earnings per share.

A number of other brokerages have also commented on JACK. SunTrust Banks set a $109.00 target price on shares of Jack in the Box and gave the stock a “buy” rating in a research report on Friday. Wedbush downgraded shares of Jack in the Box from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $115.00 to $104.00 in a research note on Monday, November 20th. Wells Fargo & Company dropped their price objective on shares of Jack in the Box from $120.00 to $117.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 15th. Oppenheimer restated a “buy” rating and issued a $125.00 target price on shares of Jack in the Box in a research note on Monday, November 20th. Finally, UBS set a $105.00 target price on shares of Jack in the Box and gave the company a “hold” rating in a research note on Thursday. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $112.62.

Jack in the Box (NASDAQ:JACK) opened at $105.20 on Monday. The company has a market cap of $3,100.00, a P/E ratio of 27.11, a PEG ratio of 1.67 and a beta of 0.51. Jack in the Box has a 1 year low of $90.89 and a 1 year high of $113.30. The company has a debt-to-equity ratio of -2.79, a quick ratio of 0.63 and a current ratio of 0.53.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Monday, December 4th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, December 1st. This represents a $1.60 dividend on an annualized basis and a yield of 1.52%. Jack in the Box’s payout ratio is 35.63%.

In other Jack in the Box news, insider Frances L. Allen sold 530 shares of Jack in the Box stock in a transaction on Monday, November 6th. The shares were sold at an average price of $102.71, for a total value of $54,436.30. Following the completion of the transaction, the insider now owns 10,979 shares of the company’s stock, valued at $1,127,653.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.10% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Airain ltd acquired a new position in Jack in the Box in the 2nd quarter valued at about $1,875,000. Vaughan Nelson Investment Management L.P. boosted its holdings in Jack in the Box by 60.9% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 850,225 shares of the restaurant operator’s stock valued at $86,656,000 after purchasing an additional 321,825 shares during the last quarter. Bain Capital Public Equity Management LLC acquired a new position in Jack in the Box in the 2nd quarter valued at about $54,752,000. Clinton Group Inc. boosted its holdings in Jack in the Box by 51.1% in the 2nd quarter. Clinton Group Inc. now owns 19,565 shares of the restaurant operator’s stock valued at $1,927,000 after purchasing an additional 6,617 shares during the last quarter. Finally, Bank of Nova Scotia acquired a new position in Jack in the Box in the 2nd quarter valued at about $9,850,000. Hedge funds and other institutional investors own 99.18% of the company’s stock.

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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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