Jack in the Box Inc. (NASDAQ:JACK) – Equities researchers at Oppenheimer increased their Q1 2018 earnings per share (EPS) estimates for shares of Jack in the Box in a note issued to investors on Thursday. Oppenheimer analyst B. Bittner now forecasts that the restaurant operator will post earnings of $1.23 per share for the quarter, up from their previous estimate of $1.19. Oppenheimer currently has a “Buy” rating on the stock. Oppenheimer also issued estimates for Jack in the Box’s Q2 2018 earnings at $1.09 EPS, Q3 2018 earnings at $1.10 EPS, Q4 2018 earnings at $1.17 EPS, Q2 2019 earnings at $1.26 EPS, Q3 2019 earnings at $1.31 EPS and Q4 2019 earnings at $1.31 EPS.

Jack in the Box (NASDAQ:JACK) last posted its quarterly earnings data on Wednesday, November 29th. The restaurant operator reported $0.73 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.89 by ($0.16). The firm had revenue of $338.75 million for the quarter, compared to analyst estimates 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 quarterly revenue was down 15.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.03 EPS.

Several other analysts have also weighed in on the stock. Wells Fargo & Co dropped their price objective on shares of Jack in the Box from $120.00 to $117.00 and set an “outperform” rating for the company in a report on Wednesday, November 15th. Jefferies Group reaffirmed a “buy” rating and set a $120.00 price objective on shares of Jack in the Box in a report on Thursday, October 12th. Wedbush lowered shares of Jack in the Box from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $115.00 to $104.00 in a report on Monday, November 20th. Zacks Investment Research raised shares of Jack in the Box from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. Finally, Telsey Advisory Group raised shares of Jack in the Box from a “market perform” rating to an “outperform” rating and set a $118.00 price objective for the company in a report on Wednesday, October 4th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the company. Jack in the Box currently has a consensus rating of “Hold” and a consensus price target of $111.38.

Jack in the Box (NASDAQ JACK) traded up $0.59 during midday trading on Friday, hitting $98.81. 701,000 shares of the stock traded hands, compared to its average volume of 906,700. The firm has a market capitalization of $2,910.00, a price-to-earnings ratio of 22.01, a price-to-earnings-growth ratio of 1.60 and a beta of 0.52. The company has a current ratio of 0.53, a quick ratio of 0.51 and a debt-to-equity ratio of -2.79. Jack in the Box has a 12 month low of $90.89 and a 12 month high of $113.00.

The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Monday, December 4th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, December 1st. This represents a $1.60 annualized dividend and a dividend yield of 1.62%. Jack in the Box’s dividend payout ratio (DPR) is currently 35.63%.

In other Jack in the Box news, EVP Phillip H. Rudolph sold 1,455 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $102.22, for a total value of $148,730.10. Following the transaction, the executive vice president now directly owns 92,048 shares of the company’s stock, valued at $9,409,146.56. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Frances L. Allen sold 530 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 10,979 shares in the company, valued at $1,127,653.09. The disclosure for this sale can be found here. Insiders have sold 26,201 shares of company stock worth $2,641,365 over the last three months. 2.10% of the stock is owned by insiders.

A number of hedge funds have recently made changes to their positions in JACK. Sei Investments Co. boosted its stake in Jack in the Box by 15.2% in the second quarter. Sei Investments Co. now owns 3,597 shares of the restaurant operator’s stock valued at $354,000 after acquiring an additional 475 shares during the last quarter. Legal & General Group Plc boosted its stake in Jack in the Box by 22.0% in the second quarter. Legal & General Group Plc now owns 24,685 shares of the restaurant operator’s stock valued at $2,432,000 after acquiring an additional 4,458 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its stake in Jack in the Box by 3.3% in the second quarter. State Board of Administration of Florida Retirement System now owns 19,733 shares of the restaurant operator’s stock valued at $1,944,000 after acquiring an additional 627 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Jack in the Box by 17.8% in the second quarter. Victory Capital Management Inc. now owns 1,875 shares of the restaurant operator’s stock valued at $185,000 after acquiring an additional 283 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Jack in the Box by 61.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,585 shares of the restaurant operator’s stock valued at $156,000 after acquiring an additional 601 shares during the last quarter. 98.71% of the stock is currently owned by hedge funds and other institutional investors.

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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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