Jack In The Box Inc. (NASDAQ:JACK) – Research analysts at Oppenheimer Holdings boosted their FY2017 earnings estimates for Jack In The Box in a research note issued to investors on Friday. Oppenheimer Holdings analyst B. Bittner now forecasts that the brokerage will earn $4.71 per share for the year, up from their previous forecast of $4.62. Oppenheimer Holdings currently has a “Outperform” rating and a $115.00 target price on the stock.
Jack In The Box (NASDAQ:JACK) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $1.07 EPS for the quarter, beating the consensus estimate of $0.87 by $0.20. Jack In The Box had a negative return on equity of 120.29% and a net margin of 7.41%. The firm earned $368.94 million during the quarter, compared to analysts’ expectations of $367.52 million. During the same quarter last year, the firm earned $0.76 earnings per share. The business’s revenue for the quarter was up 2.6% on a year-over-year basis.
Several other equities analysts have also recently issued reports on JACK. SunTrust Banks Inc. initiated coverage on Jack In The Box in a research report on Wednesday, June 1st. They issued a “neutral” rating on the stock. Vetr cut Jack In The Box from a “buy” rating to a “hold” rating and set a $89.00 price target on the stock. in a research report on Thursday, June 2nd. Robert W. Baird restated an “outperform” rating and issued a $105.00 price target on shares of Jack In The Box in a research report on Thursday, June 23rd. Wedbush lowered their price objective on Jack In The Box from $100.00 to $90.00 and set an “outperform” rating on the stock in a report on Thursday, June 23rd. Finally, Zacks Investment Research raised Jack In The Box from a “hold” rating to a “buy” rating and set a $94.00 price objective on the stock in a report on Tuesday, June 28th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $101.68.
Jack In The Box (NASDAQ:JACK) traded down 3.02% during midday trading on Monday, hitting $95.27. The company had a trading volume of 544,386 shares. Jack In The Box has a 52-week low of $61.78 and a 52-week high of $102.68. The stock’s 50-day moving average price is $99.06 and its 200-day moving average price is $82.99. The stock has a market cap of $3.11 billion, a PE ratio of 28.98 and a beta of 0.45.
The firm also recently declared a quarterly dividend, which was paid on Monday, August 29th. Shareholders of record on Tuesday, August 16th were issued a $0.30 dividend. The ex-dividend date was Friday, August 12th. This represents a $1.20 annualized dividend and a yield of 1.22%. Jack In The Box’s dividend payout ratio (DPR) is presently 36.36%.
In other news, insider Keith M. Guilbault sold 1,925 shares of the company’s stock in a transaction on Monday, August 8th. The stock was sold at an average price of $96.59, for a total transaction of $185,935.75. Following the completion of the sale, the insider now directly owns 16,521 shares in the company, valued at approximately $1,595,763.39. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Leonard A. Comma sold 67,572 shares of the company’s stock in a transaction on Tuesday, September 13th. The stock was sold at an average price of $96.68, for a total value of $6,532,860.96. Following the sale, the chief executive officer now owns 164,710 shares of the company’s stock, valued at $15,924,162.80. The disclosure for this sale can be found here. 2.00% of the stock is owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the company. Cortina Asset Management LLC increased its stake in Jack In The Box by 29.8% in the second quarter. Cortina Asset Management LLC now owns 385,056 shares of the company’s stock worth $33,084,000 after buying an additional 88,383 shares during the last quarter. Adams Diversified Equity Fund Inc. purchased a new stake in Jack In The Box during the second quarter worth approximately $473,000. Suvretta Capital Management LLC purchased a new stake in Jack In The Box during the first quarter worth approximately $30,683,000. Mount Lucas Management LP increased its stake in Jack In The Box by 10.8% in the first quarter. Mount Lucas Management LP now owns 3,208 shares of the company’s stock worth $205,000 after buying an additional 312 shares during the last quarter. Finally, Falcon Point Capital LLC increased its stake in Jack In The Box by 1.6% in the second quarter. Falcon Point Capital LLC now owns 147,332 shares of the company’s stock worth $12,659,000 after buying an additional 2,315 shares during the last quarter. Institutional investors and hedge funds own 98.56% of the company’s stock.
About Jack In The Box
Jack in the Box Inc is a restaurant company. The Company operates and franchises approximately 2,910 Jack in the Box quick-service restaurants (QSR) and Qdoba Mexican Eats fast-casual restaurants (Qdoba). Its segments are Jack in the Box and Qdoba Restaurant operations. It operates and franchises approximately 2,250 Jack in the Box restaurants, primarily in the western and southern United States, including one in Guam, over 660 Qdoba restaurants across the United States, and approximately four in Canada.
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