Brokerages Expect Jack in the Box Inc. (JACK) Will Announce Quarterly Sales of $382.60 Million

Brokerages expect Jack in the Box Inc. (NASDAQ:JACK) to announce $382.60 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Jack in the Box’s earnings, with the highest sales estimate coming in at $420.16 million and the lowest estimate coming in at $286.60 million. Jack in the Box reported sales of $487.93 million in the same quarter last year, which indicates a negative year over year growth rate of 21.6%. The company is expected to issue its next earnings report on Wednesday, February 28th.

According to Zacks, analysts expect that Jack in the Box will report full year sales of $382.60 million for the current financial year, with estimates ranging from $853.99 million to $1.32 billion. For the next year, analysts forecast that the business will report sales of $1.26 billion per share, with estimates ranging from $1.21 billion to $1.33 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Jack in the Box.

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

Several research firms recently weighed in on JACK. Zacks Investment Research cut shares of Jack in the Box from a “hold” rating to a “strong sell” rating in a report on Tuesday, December 5th. SunTrust Banks set a $109.00 price target on shares of Jack in the Box and gave the stock a “buy” rating in a report on Friday, December 1st. Wedbush cut shares of Jack in the Box from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $115.00 to $104.00 in a report on Monday, November 20th. Wells Fargo & Co dropped their target price 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. Finally, Oppenheimer reiterated a “buy” rating on shares of Jack in the Box in a research note on Tuesday, December 19th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $111.00.

In other Jack in the Box news, insider Frances L. Allen sold 530 shares of the business’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $102.71, for a total value of $54,436.30. Following 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 SEC, which can be accessed through this hyperlink. Also, VP Dean C. Gordon sold 278 shares of the business’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $102.22, for a total transaction of $28,417.16. Following the completion of the transaction, the vice president now owns 3,924 shares in the company, valued at $401,111.28. The disclosure for this sale can be found here. Over the last quarter, insiders sold 26,201 shares of company stock worth $2,641,365. Corporate insiders own 2.10% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio raised its position in shares of Jack in the Box by 1.4% in the second quarter. Public Employees Retirement System of Ohio now owns 2,188 shares of the restaurant operator’s stock valued at $216,000 after purchasing an additional 30 shares during the period. Royal Bank of Canada raised its position in shares of Jack in the Box by 9.0% in the second quarter. Royal Bank of Canada now owns 1,274 shares of the restaurant operator’s stock valued at $126,000 after purchasing an additional 105 shares during the period. UBS Asset Management Americas Inc. raised its position in shares of Jack in the Box by 0.7% in the second quarter. UBS Asset Management Americas Inc. now owns 16,790 shares of the restaurant operator’s stock valued at $1,654,000 after purchasing an additional 123 shares during the period. Teachers Advisors LLC raised its position in shares of Jack in the Box by 0.5% in the second quarter. Teachers Advisors LLC now owns 57,330 shares of the restaurant operator’s stock valued at $5,647,000 after purchasing an additional 260 shares during the period. Finally, Victory Capital Management Inc. raised its position in shares of 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 purchasing an additional 283 shares during the period. 99.12% of the stock is currently owned by institutional investors.

Jack in the Box (JACK) opened at $94.99 on Friday. Jack in the Box has a twelve month low of $90.59 and a twelve month high of $113.00. The firm has a market cap of $2,795.84, a PE ratio of 24.48, a P/E/G ratio of 1.66 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.

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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.

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Earnings History and Estimates for Jack in the Box (NASDAQ:JACK)

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