Analysts expect that Jack in the Box Inc. (NASDAQ:JACK) will report $175.63 million in sales for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for Jack in the Box’s earnings. The lowest sales estimate is $172.50 million and the highest is $177.20 million. Jack in the Box posted sales of $338.75 million during the same quarter last year, which would indicate a negative year over year growth rate of 48.2%. The firm is scheduled to issue its next earnings results on Wednesday, December 5th.
On average, analysts expect that Jack in the Box will report full-year sales of $868.57 million for the current fiscal year, with estimates ranging from $864.71 million to $872.91 million. For the next fiscal year, analysts expect that the firm will post sales of $778.67 million, with estimates ranging from $770.50 million to $792.90 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Jack in the Box.
Jack in the Box (NASDAQ:JACK) last released its quarterly earnings data on Wednesday, August 8th. The restaurant operator reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.12. The business had revenue of $187.98 million during the quarter, compared to the consensus estimate of $185.05 million. Jack in the Box had a negative return on equity of 26.21% and a net margin of 13.10%. The firm’s revenue was down 23.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.79 earnings per share.
A number of research analysts have issued reports on the company. BidaskClub raised Jack in the Box from a “sell” rating to a “hold” rating in a research note on Thursday, September 27th. Wedbush reissued a “buy” rating and issued a $115.00 target price on shares of Jack in the Box in a research note on Thursday. ValuEngine cut Jack in the Box from a “hold” rating to a “sell” rating in a research note on Tuesday, September 11th. UBS Group boosted their target price on Jack in the Box from $95.00 to $100.00 and gave the company a “neutral” rating in a research note on Friday, August 10th. Finally, Stifel Nicolaus reduced their price objective on Jack in the Box from $93.00 to $88.00 and set a “reduce” rating for the company in a research report on Monday, October 1st. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company’s stock. Jack in the Box presently has an average rating of “Hold” and a consensus price target of $104.92.
In related news, SVP Paul D. Melancon sold 1,125 shares of the stock in a transaction that occurred on Tuesday, August 14th. The stock was sold at an average price of $90.00, for a total transaction of $101,250.00. Following the completion of the transaction, the senior vice president now directly owns 5,002 shares of the company’s stock, valued at $450,180. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David Goebel sold 1,849 shares of the stock in a transaction that occurred on Monday, September 24th. The shares were sold at an average price of $83.58, for a total value of $154,539.42. Following the transaction, the director now directly owns 18,396 shares of the company’s stock, valued at $1,537,537.68. The disclosure for this sale can be found here. Insiders have sold 81,693 shares of company stock valued at $7,398,751 over the last ninety days. 2.60% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Quantitative Systematic Strategies LLC acquired a new position in Jack in the Box during the second quarter valued at approximately $628,000. Marshall Wace LLP acquired a new position in Jack in the Box during the second quarter valued at approximately $5,044,000. Macquarie Group Ltd. boosted its position in Jack in the Box by 11.0% during the second quarter. Macquarie Group Ltd. now owns 509,379 shares of the restaurant operator’s stock valued at $43,358,000 after purchasing an additional 50,570 shares during the last quarter. Russell Investments Group Ltd. boosted its position in Jack in the Box by 4.4% during the second quarter. Russell Investments Group Ltd. now owns 151,464 shares of the restaurant operator’s stock valued at $12,906,000 after purchasing an additional 6,419 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Jack in the Box during the second quarter valued at approximately $653,000. 98.85% of the stock is owned by hedge funds and other institutional investors.
NASDAQ JACK opened at $83.52 on Friday. The stock has a market capitalization of $2.28 billion, a P/E ratio of 21.53, a P/E/G ratio of 1.56 and a beta of 0.45. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of -1.94. Jack in the Box has a 12 month low of $79.23 and a 12 month high of $108.55.
About Jack in the Box
Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants. As of April 15, 2018, it operated and franchised 2,245 Jack in the Box restaurants primarily in the western and southern United States and Guam. The company was founded in 1951 and is headquartered in San Diego, California.
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