Analysts Offer Predictions for Jack in the Box Inc.’s Q3 2018 Earnings (JACK)

Jack in the Box Inc. (NASDAQ:JACK) – Stock analysts at Oppenheimer reduced their Q3 2018 earnings estimates for Jack in the Box in a research report issued on Wednesday. Oppenheimer analyst B. Bittner now forecasts that the restaurant operator will post earnings per share of $0.88 for the quarter, down from their previous forecast of $0.90. Oppenheimer has a “Buy” rating on the stock. Oppenheimer also issued estimates for Jack in the Box’s Q4 2018 earnings at $0.84 EPS and FY2019 earnings at $5.22 EPS.

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A number of other brokerages also recently commented on JACK. Zacks Investment Research downgraded shares of Jack in the Box from a “hold” rating to a “strong sell” rating in a research note on Tuesday, December 5th. SunTrust Banks set a $109.00 target price on shares of Jack in the Box and gave the stock a “buy” rating in a research note on Friday, December 1st. Wedbush reaffirmed a “hold” rating and issued a $104.00 price target on shares of Jack in the Box in a research report on Friday, December 1st. Jefferies Group cut shares of Jack in the Box from a “buy” rating to a “hold” rating and lowered their price target for the stock from $120.00 to $100.00 in a research report on Wednesday, December 20th. Finally, UBS set a $105.00 price target on shares of Jack in the Box and gave the stock a “hold” rating in a research report on Thursday, November 30th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $107.62.

Jack in the Box (NASDAQ JACK) opened at $83.83 on Friday. The company has a debt-to-equity ratio of -2.77, a current ratio of 1.53 and a quick ratio of 1.52. The company has a market cap of $2,506.40, a PE ratio of 22.66, a price-to-earnings-growth ratio of 1.48 and a beta of 0.43. Jack in the Box has a one year low of $79.30 and a one year high of $113.00.

Jack in the Box (NASDAQ:JACK) last issued its earnings results on Wednesday, February 21st. The restaurant operator reported $1.23 EPS for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.17. The business had revenue of $294.50 million for the quarter, compared to the consensus estimate of $284.37 million. Jack in the Box had a net margin of 8.20% and a negative return on equity of 28.27%. The company’s revenue for the quarter was down 16.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.18 EPS.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 16th. Stockholders of record on Monday, March 5th were given a $0.40 dividend. The ex-dividend date was Friday, March 2nd. This represents a $1.60 annualized dividend and a dividend yield of 1.91%. Jack in the Box’s payout ratio is presently 43.24%.

In related news, Director David Goebel sold 1,486 shares of the stock in a transaction that occurred on Friday, March 23rd. The shares were sold at an average price of $84.68, for a total transaction of $125,834.48. Following the completion of the sale, the director now owns 21,702 shares of the company’s stock, valued at $1,837,725.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Vanessa C. Fox sold 610 shares of the stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $91.00, for a total transaction of $55,510.00. Following the sale, the vice president now directly owns 2,051 shares of the company’s stock, valued at approximately $186,641. The disclosure for this sale can be found here. Insiders have sold 2,596 shares of company stock valued at $225,544 in the last three months. 2.60% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of JACK. Royal Bank of Canada lifted its position 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 valued at $126,000 after acquiring an additional 105 shares during the last quarter. Victory Capital Management Inc. lifted its position 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 valued at $261,000 after acquiring an additional 685 shares during the last quarter. Sei Investments Co. lifted its position in Jack in the Box by 43.5% during the third quarter. Sei Investments Co. now owns 5,160 shares of the restaurant operator’s stock valued at $525,000 after acquiring an additional 1,563 shares during the last quarter. Rhumbline Advisers lifted its position in Jack in the Box by 10.1% during the third quarter. Rhumbline Advisers now owns 77,173 shares of the restaurant operator’s stock valued at $7,865,000 after acquiring an additional 7,072 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its position in Jack in the Box by 13.7% during the third quarter. Russell Investments Group Ltd. now owns 95,581 shares of the restaurant operator’s stock valued at $9,741,000 after acquiring an additional 11,542 shares during the last quarter. 98.74% of the stock is owned by institutional investors.

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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.

Earnings History and Estimates for Jack in the Box (NASDAQ:JACK)

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