Jack In The Box Inc. (NASDAQ:JACK) – Analysts at SunTrust Banks cut their FY2017 earnings per share (EPS) estimates for shares of Jack In The Box in a research note issued on Wednesday. SunTrust Banks analyst J. Bartlett now expects that the firm will post earnings of $4.91 per share for the year, down from their prior forecast of $5.10.

Jack In The Box (NASDAQ:JACK) last posted its earnings results on Wednesday, August 3rd. The company reported $1.07 EPS for the quarter, topping the consensus estimate of $0.87 by $0.20. The firm had revenue of $368.94 million for the quarter, compared to analyst estimates of $367.52 million. Jack In The Box had a negative return on equity of 120.29% and a net margin of 7.41%. Jack In The Box’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period last year, the company earned $0.76 earnings per share.

Earnings History and Estimates for Jack In The Box (NASDAQ:JACK)

Several other equities analysts have also recently commented on the stock. Zacks Investment Research lowered shares of Jack In The Box from a “strong-buy” rating to a “hold” rating in a research note on Monday. Wedbush restated an “outperform” rating and issued a $115.00 price target on shares of Jack In The Box in a research note on Saturday, October 8th. Bank of America Corp. restated a “buy” rating and issued a $108.00 price target on shares of Jack In The Box in a research note on Tuesday, September 27th. Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $115.00 price target (up previously from $105.00) on shares of Jack In The Box in a research note on Monday, September 26th. Finally, Robert W. Baird restated an “outperform” rating and issued a $120.00 price target on shares of Jack In The Box in a research note on Sunday, September 25th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $101.53.

Jack In The Box (NASDAQ:JACK) traded up 1.333% during midday trading on Monday, hitting $98.445. The company had a trading volume of 95,757 shares. The stock’s 50-day moving average price is $97.59 and its 200-day moving average price is $86.19. Jack In The Box has a 52-week low of $61.78 and a 52-week high of $102.68. The stock has a market cap of $3.22 billion, a PE ratio of 29.941 and a beta of 0.41.

Several hedge funds have recently modified their holdings of the stock. Eagle Asset Management Inc. raised its position in shares of Jack In The Box by 14.3% in the second quarter. Eagle Asset Management Inc. now owns 655,089 shares of the company’s stock worth $56,285,000 after buying an additional 82,066 shares during the last quarter. Suvretta Capital Management LLC bought a new position in shares of Jack In The Box during the first quarter worth about $30,683,000. AQR Capital Management LLC raised its position in shares of Jack In The Box by 6.4% in the second quarter. AQR Capital Management LLC now owns 421,677 shares of the company’s stock worth $36,230,000 after buying an additional 25,261 shares during the last quarter. Advisory Research Inc. bought a new position in shares of Jack In The Box during the second quarter worth about $34,541,000. Finally, Melvin Capital Management LP raised its position in shares of Jack In The Box by 6.7% in the second quarter. Melvin Capital Management LP now owns 400,000 shares of the company’s stock worth $34,368,000 after buying an additional 25,000 shares during the last quarter. Institutional investors and hedge funds own 98.44% of the company’s stock.

In other news, CEO Leonard A. Comma sold 67,572 shares of the business’s stock in a transaction dated Tuesday, September 13th. The shares were sold at an average price of $96.68, for a total transaction of $6,532,860.96. Following the transaction, the chief executive officer now owns 164,710 shares in the company, valued at approximately $15,924,162.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Carol A. Diraimo sold 2,000 shares of the business’s stock in a transaction dated Thursday, September 22nd. The stock was sold at an average price of $100.00, for a total transaction of $200,000.00. Following the transaction, the vice president now owns 16,059 shares in the company, valued at approximately $1,605,900. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by corporate insiders.

Jack In The Box Company Profile

Jack in the Box Inc is a restaurant company. The Company operates and franchises approximately 2,910 Jack in the Box quick-service restaurants (QSR) and Qdoba Mexican Eats fast-casual restaurants (Qdoba). Its segments are Jack in the Box and Qdoba Restaurant operations. It operates and franchises approximately 2,250 Jack in the Box restaurants, primarily in the western and southern United States, including one in Guam, over 660 Qdoba restaurants across the United States, and approximately four in Canada.

5 Day Chart for NASDAQ:JACK

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