Jack in the Box (NASDAQ:JACK) – Equities researchers at Oppenheimer reduced their FY2019 EPS estimates for Jack in the Box in a research report issued on Thursday, May 17th. Oppenheimer analyst B. Bittner now expects that the restaurant operator will post earnings of $4.93 per share for the year, down from their prior forecast of $5.02.
Other research analysts also recently issued research reports about the stock. Goldman Sachs upgraded shares of Jack in the Box from a “neutral” rating to a “buy” rating in a report on Friday, January 19th. Wedbush reiterated a “buy” rating and issued a $115.00 target price on shares of Jack in the Box in a report on Thursday, February 22nd. Robert W. Baird reiterated a “buy” rating on shares of Jack in the Box in a report on Thursday, March 29th. SunTrust Banks lifted their target price on shares of Jack in the Box to $100.00 and gave the stock a “buy” rating in a report on Friday. Finally, Morgan Stanley downgraded shares of Jack in the Box from an “overweight” rating to an “equal weight” rating and set a $106.00 target price on the stock. in a report on Monday, March 26th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company. Jack in the Box has an average rating of “Hold” and an average target price of $106.08.
Jack in the Box (NASDAQ:JACK) last announced its earnings results on Wednesday, May 16th. The restaurant operator reported $0.80 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.06). The firm had revenue of $209.80 million during the quarter, compared to the consensus estimate of $212.84 million. Jack in the Box had a negative return on equity of 27.77% and a net margin of 10.50%. The business’s revenue was down 21.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.98 EPS.
Several institutional investors have recently modified their holdings of JACK. Blue Harbour Group L.P. acquired a new stake in shares of Jack in the Box during the 1st quarter valued at about $56,915,000. Millennium Management LLC boosted its position in shares of Jack in the Box by 36.9% during the 4th quarter. Millennium Management LLC now owns 994,440 shares of the restaurant operator’s stock valued at $97,565,000 after acquiring an additional 268,145 shares in the last quarter. Prudential Financial Inc. boosted its position in shares of Jack in the Box by 838.0% during the 1st quarter. Prudential Financial Inc. now owns 190,458 shares of the restaurant operator’s stock valued at $16,252,000 after acquiring an additional 170,153 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec acquired a new stake in shares of Jack in the Box during the 4th quarter valued at about $14,717,000. Finally, Caxton Associates LP acquired a new stake in shares of Jack in the Box during the 4th quarter valued at about $14,313,000. Institutional investors and hedge funds own 99.28% of the company’s stock.
In other news, VP Vanessa C. Fox sold 610 shares of Jack in the Box stock in a transaction dated 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 in the company, valued at approximately $186,641. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Vanessa C. Fox sold 500 shares of Jack in the Box stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $88.40, for a total transaction of $44,200.00. Following the sale, the vice president now owns 2,142 shares in the company, valued at $189,352.80. The disclosure for this sale can be found here. Insiders sold a total of 2,596 shares of company stock worth $225,544 over the last 90 days. Company insiders own 2.60% of the company’s stock.
The business also recently declared a quarterly dividend, which will be paid on Monday, June 11th. Shareholders of record on Tuesday, May 29th will be given a $0.40 dividend. The ex-dividend date is Friday, May 25th. This represents a $1.60 annualized dividend and a yield of 1.98%. Jack in the Box’s dividend payout ratio is 41.24%.
About Jack in the Box
Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants and Qdoba Mexican Eats fast-casual restaurants primarily in the United States. As of October 01, 2017, it operated and franchised approximately 2,251 Jack in the Box restaurants in 21 states and Guam; and approximately 726 Qdoba Mexican Eats restaurants in 47 states, the District of Columbia, and Canada.
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