Jack in the Box Inc. (NASDAQ:JACK) – Investment analysts at SunTrust Banks lowered their Q1 2018 EPS estimates for shares of Jack in the Box in a research note issued on Thursday. SunTrust Banks analyst J. Bartlett now expects that the restaurant operator will post earnings of $1.37 per share for the quarter, down from their prior forecast of $1.51. SunTrust Banks currently has a “Buy” rating and a $109.00 target price on the stock. SunTrust Banks also issued estimates for Jack in the Box’s Q2 2018 earnings at $1.05 EPS, Q3 2018 earnings at $1.17 EPS, Q4 2018 earnings at $1.08 EPS, FY2018 earnings at $4.68 EPS, Q1 2019 earnings at $1.50 EPS, Q2 2019 earnings at $1.12 EPS, Q3 2019 earnings at $1.25 EPS, FY2019 earnings at $5.00 EPS, FY2020 earnings at $5.30 EPS and FY2021 earnings at $5.68 EPS.
JACK has been the subject of several other research reports. Robert W. Baird reaffirmed a “buy” rating and issued a $115.00 price target on shares of Jack in the Box in a research report on Tuesday, September 19th. Wedbush reaffirmed a “buy” rating and issued a $115.00 price target on shares of Jack in the Box in a research report on Friday, October 13th. Wells Fargo & Company decreased their target price on shares of Jack in the Box from $120.00 to $117.00 and set an “outperform” rating for the company in a research report on Wednesday, November 15th. Oppenheimer reissued an “outperform” rating and set a $125.00 target price on shares of Jack in the Box in a research report on Thursday, August 10th. Finally, Telsey Advisory Group reissued a “market perform” rating on shares of Jack in the Box in a research report on Thursday, August 10th. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $112.62.
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 during the quarter, compared to the consensus estimate of $341.34 million. Jack in the Box had a negative return on equity of 30.55% and a net margin of 8.71%. Jack in the Box’s revenue was down 15.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.03 earnings per share.
Several large investors have recently bought and sold shares of JACK. Airain ltd purchased a new position in Jack in the Box during the second quarter worth about $1,875,000. Vaughan Nelson Investment Management L.P. raised its stake in Jack in the Box by 60.9% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 850,225 shares of the restaurant operator’s stock worth $86,656,000 after purchasing an additional 321,825 shares during the period. Bain Capital Public Equity Management LLC purchased a new position in Jack in the Box during the second quarter worth about $54,752,000. Clinton Group Inc. raised its stake in Jack in the Box by 51.1% during the second quarter. Clinton Group Inc. now owns 19,565 shares of the restaurant operator’s stock worth $1,927,000 after purchasing an additional 6,617 shares during the period. Finally, Bank of Nova Scotia purchased a new position in Jack in the Box during the second quarter worth about $9,850,000. 99.18% of the stock is currently owned by hedge funds and other institutional investors.
In related news, insider Frances L. Allen sold 530 shares of the firm’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $102.71, for a total transaction of $54,436.30. Following the sale, the insider now owns 10,979 shares in the company, valued at $1,127,653.09. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 2.10% of the stock is currently owned by company insiders.
The company also recently declared 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. The ex-dividend date of this dividend is Friday, December 1st. This represents a $1.60 annualized dividend and a yield of 1.52%. Jack in the Box’s dividend payout ratio is presently 35.63%.
TRADEMARK VIOLATION NOTICE: This news story was posted by American Banking News and is the sole property of of American Banking News. If you are viewing this news story on another site, it was copied illegally and reposted in violation of United States & international copyright & trademark legislation. The original version of this news story can be viewed at https://www.americanbankingnews.com/2017/12/04/q1-2018-eps-estimates-for-jack-in-the-box-inc-jack-lowered-by-suntrust-banks.html.
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.
Receive News & Ratings for Jack in the Box Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jack in the Box Inc. and related companies with MarketBeat.com's FREE daily email newsletter.