Jack in the Box Inc. (NASDAQ:JACK) – Jefferies Group cut their Q2 2018 earnings estimates for shares of Jack in the Box in a research report issued on Thursday. Jefferies Group analyst A. Slagle now expects that the restaurant operator will earn $0.84 per share for the quarter, down from their prior forecast of $0.85. Jefferies Group has a “Hold” rating and a $100.00 price target on the stock. Jefferies Group also issued estimates for Jack in the Box’s Q3 2018 earnings at $0.83 EPS, Q4 2018 earnings at $0.90 EPS, FY2018 earnings at $3.80 EPS and FY2019 earnings at $4.45 EPS.
Jack in the Box (NASDAQ:JACK) last announced its quarterly earnings results on Wednesday, February 21st. The restaurant operator reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.17. The company had revenue of $294.50 million during the quarter, compared to analysts’ expectations of $284.37 million. Jack in the Box had a negative return on equity of 28.27% and a net margin of 8.20%. Jack in the Box’s quarterly revenue was down 16.6% on a year-over-year basis. During the same period last year, the business earned $1.18 earnings per share.
Jack in the Box (JACK) opened at $90.06 on Monday. The company has a current ratio of 1.53, a quick ratio of 1.52 and a debt-to-equity ratio of -2.77. The firm has a market capitalization of $2,635.45, a P/E ratio of 22.71, a P/E/G ratio of 1.64 and a beta of 0.42. Jack in the Box has a 12-month low of $79.30 and a 12-month high of $113.00.
Several institutional investors and hedge funds have recently modified their holdings of JACK. Public Employees Retirement System of Ohio boosted its stake in Jack in the Box by 1.4% during the second quarter. Public Employees Retirement System of Ohio now owns 2,188 shares of the restaurant operator’s stock worth $216,000 after buying an additional 30 shares during the last quarter. Royal Bank of Canada boosted its stake in Jack in the Box by 9.0% during the second quarter. Royal Bank of Canada now owns 1,274 shares of the restaurant operator’s stock worth $126,000 after buying an additional 105 shares during the last quarter. American International Group Inc. boosted its stake in Jack in the Box by 0.7% during the third quarter. American International Group Inc. now owns 79,718 shares of the restaurant operator’s stock worth $8,125,000 after buying an additional 557 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Jack in the Box by 36.5% during the third quarter. Victory Capital Management Inc. now owns 2,560 shares of the restaurant operator’s stock worth $261,000 after buying an additional 685 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its stake in Jack in the Box by 21.3% during the third quarter. Pacer Advisors Inc. now owns 4,037 shares of the restaurant operator’s stock worth $411,000 after buying an additional 709 shares during the last quarter. Hedge funds and other institutional investors own 98.16% of the company’s stock.
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 transaction 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Keith M. Guilbault sold 525 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 $53,665.50. Following the sale, the insider now owns 17,110 shares of the company’s stock, valued at $1,748,984.20. The disclosure for this sale can be found here. Insiders have sold 26,171 shares of company stock valued at $2,631,128 over the last quarter. 2.60% of the stock is owned by company insiders.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Monday, March 5th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.78%. The ex-dividend date is Friday, March 2nd. Jack in the Box’s payout ratio is 43.24%.
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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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