Jack in the Box Inc. (NASDAQ:JACK) – Equities research analysts at Wedbush decreased their FY2017 EPS estimates for shares of Jack in the Box in a research note issued on Friday. Wedbush analyst N. Setyan now anticipates that the restaurant operator will earn $4.08 per share for the year, down from their previous forecast of $4.22. Wedbush has a “Buy” rating on the stock. Wedbush also issued estimates for Jack in the Box’s Q4 2017 earnings at $0.94 EPS, Q1 2018 earnings at $1.38 EPS, Q3 2018 earnings at $1.21 EPS, Q4 2018 earnings at $1.12 EPS and FY2018 earnings at $4.90 EPS.
A number of other brokerages have also issued reports on JACK. Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $125.00 target price on shares of Jack in the Box in a research report on Monday, June 5th. Morgan Stanley reissued an “overweight” rating and issued a $126.00 target price on shares of Jack in the Box in a research report on Tuesday, June 6th. Telsey Advisory Group lowered Jack in the Box from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $125.00 to $118.00 in a research report on Thursday, May 18th. Wells Fargo & Company raised Jack in the Box from a “market perform” rating to an “outperform” rating and set a $125.00 target price on the stock in a research report on Friday, June 2nd. Finally, Bank of America Corporation reissued a “buy” rating and issued a $118.00 target price (down previously from $120.00) on shares of Jack in the Box in a research report on Tuesday, June 13th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the stock. Jack in the Box currently has an average rating of “Buy” and a consensus target price of $114.85.
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Shares of Jack in the Box (NASDAQ JACK) opened at 97.57 on Monday. The company has a 50 day moving average price of $95.58 and a 200 day moving average price of $100.99. The company has a market cap of $2.87 billion, a PE ratio of 22.51 and a beta of 0.57. 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 announced its quarterly earnings results on Wednesday, August 9th. The restaurant operator reported $0.99 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.05 by $0.06. The company had revenue of $357.80 million during the quarter, compared to analyst estimates of $360.84 million. The business’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same period last year, the firm posted $1.07 earnings per share.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 5th. Shareholders of record on Tuesday, August 22nd will be paid a $0.40 dividend. The ex-dividend date is Friday, August 18th. This represents a $1.60 dividend on an annualized basis and a yield of 1.63%. Jack in the Box’s dividend payout ratio is 36.70%.
In other Jack in the Box news, EVP Phillip H. Rudolph sold 6,908 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at $10,287,410.04. The transaction was disclosed in a filing 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 bought and sold shares of JACK. BlackRock Inc. increased its position in Jack in the Box by 20,582.3% in the first quarter. BlackRock Inc. now owns 3,274,426 shares of the restaurant operator’s stock worth $333,074,000 after buying an additional 3,258,594 shares in the last quarter. FMR LLC increased its position in shares of Jack in the Box by 72.6% in the first quarter. FMR LLC now owns 1,283,344 shares of the restaurant operator’s stock valued at $130,542,000 after buying an additional 539,805 shares in the last quarter. State Street Corp increased its position in shares of Jack in the Box by 0.3% in the second quarter. State Street Corp now owns 1,064,477 shares of the restaurant operator’s stock valued at $104,850,000 after buying an additional 3,496 shares in the last quarter. Credit Suisse AG increased its position in shares of Jack in the Box by 514.2% in the first quarter. Credit Suisse AG now owns 943,680 shares of the restaurant operator’s stock valued at $95,990,000 after buying an additional 790,044 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position 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 in the last quarter. Hedge funds and other institutional investors own 93.90% of the company’s stock.
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.
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