Q1 2018 EPS Estimates for Jack in the Box Inc. (JACK) Lowered by SunTrust Banks

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.

Shares of Jack in the Box (NASDAQ JACK) opened at $105.20 on Monday. Jack in the Box has a 52-week low of $90.89 and a 52-week high of $113.30. The firm 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. The company has a debt-to-equity ratio of -2.79, a current ratio of 0.53 and a quick ratio of 0.63.

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%.

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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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