Equities research analysts expect that Jack in the Box Inc. (NASDAQ:JACK) will post sales of $285.94 million for the current quarter, Zacks reports. Six analysts have provided estimates for Jack in the Box’s earnings, with the highest sales estimate coming in at $294.60 million and the lowest estimate coming in at $278.31 million. Jack in the Box reported sales of $487.93 million during the same quarter last year, which would suggest a negative year over year growth rate of 41.4%. The firm is expected to report its next quarterly earnings report on Wednesday, February 28th.
On average, analysts expect that Jack in the Box will report full year sales of $285.94 million for the current year, with estimates ranging from $828.16 million to $873.50 million. For the next fiscal year, analysts expect that the company will report sales of $731.48 million per share, with estimates ranging from $714.69 million to $751.89 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Jack in the Box.
Jack in the Box (NASDAQ:JACK) last announced its quarterly earnings results on Wednesday, November 29th. The restaurant operator reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.16). The business 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%. Jack in the Box’s quarterly revenue was down 15.0% compared to the same quarter last year. During the same period last year, the firm earned $1.03 EPS.
Jack in the Box (NASDAQ JACK) opened at $84.52 on Wednesday. The firm has a market capitalization of $2,502.85, a P/E ratio of 21.84, a price-to-earnings-growth ratio of 1.56 and a beta of 0.42. 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 $83.22 and a 12-month high of $113.00.
In related news, VP Dean C. Gordon sold 278 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $102.22, for a total value of $28,417.16. Following the completion of the sale, the vice president now directly owns 3,924 shares in the company, valued at $401,111.28. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Frances L. Allen sold 1,151 shares of the business’s stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $99.78, for a total value of $114,846.78. Following the completion of the sale, the insider now owns 13,209 shares of the company’s stock, valued at $1,317,994.02. The disclosure for this sale can be found here. Over the last quarter, insiders sold 25,671 shares of company stock valued at $2,586,928. 2.60% of the stock is currently owned by corporate insiders.
Several hedge funds have recently modified their holdings of JACK. Teachers Advisors LLC boosted its stake 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 buying an additional 260 shares during the period. UBS Asset Management Americas Inc. boosted its stake 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 buying an additional 123 shares during the period. California Public Employees Retirement System boosted its stake in shares of Jack in the Box by 3.4% in the second quarter. California Public Employees Retirement System now owns 88,000 shares of the restaurant operator’s stock valued at $8,668,000 after buying an additional 2,900 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Jack in the Box by 1.1% in the second quarter. Dimensional Fund Advisors LP now owns 746,173 shares of the restaurant operator’s stock valued at $73,497,000 after buying an additional 8,434 shares during the period. Finally, OxFORD Asset Management LLP bought a new stake in shares of Jack in the Box in the second quarter valued at approximately $267,000. Institutional investors and hedge funds own 99.46% of the company’s stock.
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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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