Jack In The Box Inc. (NASDAQ:JACK) – Jefferies Group lowered their FY2017 earnings per share (EPS) estimates for Jack In The Box in a research report issued on Thursday. Jefferies Group analyst A. Slagle now anticipates that the restaurant operator will post earnings of $4.05 per share for the year, down from their previous forecast of $4.22. Jefferies Group has a “Buy” rating and a $120.00 price objective on the stock. Jefferies Group also issued estimates for Jack In The Box’s Q4 2017 earnings at $0.92 EPS and FY2018 earnings at $4.90 EPS.
JACK has been the topic of several other research reports. Telsey Advisory Group downgraded Jack In The Box from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $125.00 to $118.00 in a report on Thursday, May 18th. Cowen and Company reissued a “hold” rating and issued a $100.00 price objective on shares of Jack In The Box in a research report on Friday, May 12th. Zacks Investment Research raised Jack In The Box from a “hold” rating to a “buy” rating and set a $114.00 price objective for the company in a research report on Wednesday, April 26th. Bank of America Corporation reissued a “buy” rating and issued a $118.00 price objective (down from $120.00) on shares of Jack In The Box in a research report on Tuesday, June 13th. Finally, BidaskClub cut Jack In The Box from a “sell” rating to a “strong sell” rating in a research report on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $114.85.
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Jack In The Box (JACK) traded up 1.02% during mid-day trading on Monday, reaching $97.96. 10,213 shares of the company traded hands. The company has a market capitalization of $2.88 billion, a P/E ratio of 22.60 and a beta of 0.57. The stock has a 50 day moving average price of $95.47 and a 200-day moving average price of $100.92. Jack In The Box has a 52-week low of $91.02 and a 52-week high of $113.30.
Jack In The Box (NASDAQ:JACK) last posted its earnings results on Wednesday, August 9th. The restaurant operator reported $0.99 EPS for the quarter, missing analysts’ consensus estimates of $1.05 by $0.06. Jack In The Box had a negative return on equity of 37.83% and a net margin of 8.51%. The firm had revenue of $357.80 million for the quarter, compared to analyst estimates of $360.84 million. During the same period in the previous year, the firm posted $1.07 earnings per share. The company’s revenue for the quarter was down 3.0% on a year-over-year basis.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 5th. Investors of record on Tuesday, August 22nd will be given a $0.40 dividend. The ex-dividend date is Friday, August 18th. This represents a $1.60 annualized dividend and a yield of 1.65%. Jack In The Box’s dividend payout ratio (DPR) is currently 36.70%.
In related news, EVP Phillip H. Rudolph sold 6,908 shares of the firm’s stock in a transaction on Monday, May 22nd. The stock was sold at an average price of $103.64, for a total value of $715,945.12. Following the completion of the transaction, the executive vice president now directly owns 99,261 shares of the company’s stock, valued at $10,287,410.04. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.10% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. FNY Managed Accounts LLC purchased a new position in shares of Jack In The Box during the first quarter valued at approximately $108,000. Glen Harbor Capital Management LLC boosted its position in shares of Jack In The Box by 1.4% in the first quarter. Glen Harbor Capital Management LLC now owns 1,152 shares of the restaurant operator’s stock valued at $117,000 after buying an additional 16 shares during the period. Royal Bank of Canada boosted 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 buying an additional 105 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of 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 buying an additional 601 shares during the period. Finally, Tyers Asset Management LLC boosted its position in shares of Jack In The Box by 1.4% in the first quarter. Tyers Asset Management LLC now owns 1,584 shares of the restaurant operator’s stock valued at $161,000 after buying an additional 22 shares during the period. 93.90% of the stock is owned by hedge funds and other institutional investors.
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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