FY2018 EPS Estimates for Jack in the Box Inc. (JACK) Lowered by Oppenheimer

Jack in the Box Inc. (NASDAQ:JACK) – Analysts at Oppenheimer lowered their FY2018 earnings estimates for shares of Jack in the Box in a note issued to investors on Wednesday. Oppenheimer analyst B. Bittner now anticipates that the restaurant operator will post earnings per share of $3.91 for the year, down from their previous forecast of $3.97. Oppenheimer currently has a “Buy” rating on the stock.

Jack in the Box (NASDAQ:JACK) last announced its quarterly earnings data on Wednesday, February 21st. The restaurant operator reported $1.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.06 by $0.17. The business 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%. The firm’s quarterly revenue was down 16.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.18 earnings per share.

A number of other research analysts have also recently issued reports on JACK. BidaskClub upgraded Jack in the Box from a “strong sell” rating to a “sell” rating in a research note on Saturday. Stifel Nicolaus reiterated a “hold” rating and set a $95.00 price objective on shares of Jack in the Box in a research note on Wednesday, March 21st. Zacks Investment Research upgraded Jack in the Box from a “sell” rating to a “hold” rating in a research note on Tuesday, March 13th. Telsey Advisory Group reiterated an “outperform” rating and set a $105.00 price objective (down previously from $118.00) on shares of Jack in the Box in a research note on Wednesday, March 14th. Finally, Morgan Stanley lowered Jack in the Box from an “overweight” rating to an “equal weight” rating and set a $106.00 target price for the company. in a report on Monday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $107.62.

Jack in the Box (NASDAQ JACK) opened at $84.92 on Monday. The stock has a market capitalization of $2,475.68, a price-to-earnings ratio of 22.95, a price-to-earnings-growth ratio of 1.47 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. The company has a debt-to-equity ratio of -2.77, a quick ratio of 1.52 and a current ratio of 1.53.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 16th. Shareholders of record on Monday, March 5th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date was Friday, March 2nd. Jack in the Box’s payout ratio is 43.24%.

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

Institutional investors and hedge funds have recently modified their holdings of the stock. Meeder Asset Management Inc. grew its holdings in shares of Jack in the Box by 597.5% in the fourth quarter. Meeder Asset Management Inc. now owns 1,123 shares of the restaurant operator’s stock worth $110,000 after acquiring an additional 962 shares during the period. Cerebellum GP LLC bought a new stake in shares of Jack in the Box in the fourth quarter worth $118,000. Royal Bank of Canada grew its holdings 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 worth $126,000 after acquiring an additional 105 shares during the period. Vident Investment Advisory LLC bought a new stake in shares of Jack in the Box in the third quarter worth $203,000. Finally, Diligent Investors LLC bought a new stake in shares of Jack in the Box in the third quarter worth $206,000. 98.84% of the stock is owned by institutional investors.

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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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