Jack in the Box (NASDAQ:JACK) issued its quarterly earnings results on Wednesday. The restaurant operator reported $1.23 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.06 by $0.17, Bloomberg Earnings reports. Jack in the Box had a negative return on equity of 30.55% and a net margin of 8.71%. The business had revenue of $294.50 million during the quarter, compared to the consensus estimate of $284.37 million. During the same period in the previous year, the business earned $1.18 EPS. The business’s quarterly revenue was down 16.6% on a year-over-year basis.
Jack in the Box (NASDAQ:JACK) opened at $87.08 on Thursday. Jack in the Box has a 12-month low of $79.30 and a 12-month high of $113.00. The stock has a market capitalization of $2,604.15, a P/E ratio of 19.79, a P/E/G ratio of 1.63 and a beta of 0.42. The company has a debt-to-equity ratio of -2.79, a quick ratio of 0.51 and a current ratio of 0.53.
In other Jack in the Box news, SVP Paul D. Melancon sold 461 shares of the business’s stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $99.78, for a total transaction of $45,998.58. Following the completion of the transaction, the senior vice president now owns 5,370 shares in the company, valued at approximately $535,818.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Dean C. Gordon sold 278 shares of the business’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $102.22, for a total value of $28,417.16. Following the transaction, the vice president now owns 3,924 shares of the company’s stock, valued at approximately $401,111.28. The disclosure for this sale can be found here. Insiders have sold a total of 25,671 shares of company stock valued at $2,586,928 in the last 90 days. Insiders own 2.60% of the company’s stock.
A number of brokerages have recently weighed in on JACK. Cowen reiterated a “hold” rating and issued a $94.00 price target on shares of Jack in the Box in a report on Friday, February 16th. OTR Global upgraded Jack in the Box to a “positive” rating in a report on Wednesday, February 14th. BidaskClub upgraded Jack in the Box from a “strong sell” rating to a “sell” rating in a report on Saturday, February 17th. Zacks Investment Research upgraded Jack in the Box from a “sell” rating to a “hold” rating in a research report on Tuesday, February 13th. Finally, Jefferies Group lowered Jack in the Box from a “buy” rating to a “hold” rating and reduced their price objective for the company from $120.00 to $100.00 in a research report on Wednesday, December 20th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the company. Jack in the Box presently has a consensus rating of “Hold” and an average price target of $110.92.
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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