Jack In The Box Inc. (NASDAQ:JACK) announced its quarterly earnings results on Monday. The company reported $1.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.15. Jack In The Box had a negative return on equity of 120.29% and a net margin of 7.41%. The firm had revenue of $398.42 million for the quarter, compared to analysts’ expectations of $398.67 million. During the same period in the prior year, the business posted $0.62 earnings per share. The company’s revenue was up 12.5% on a year-over-year basis. Jack In The Box updated its FY17 guidance to $4.55-4.75 EPS.

Shares of Jack In The Box (NASDAQ:JACK) traded down 0.02% during trading on Monday, hitting $101.65. The company had a trading volume of 1,382,363 shares. The company has a market capitalization of $3.32 billion, a P/E ratio of 30.92 and a beta of 0.50. The stock’s 50-day moving average price is $96.07 and its 200 day moving average price is $90.64. Jack In The Box has a 52 week low of $61.78 and a 52 week high of $102.85.

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

In related news, VP Carol A. Diraimo sold 2,000 shares of the business’s stock in a transaction on Thursday, September 22nd. The stock was sold at an average price of $100.00, for a total transaction of $200,000.00. Following the completion of the transaction, the vice president now owns 16,059 shares in the company, valued at approximately $1,605,900. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Frances L. Allen sold 530 shares of the business’s stock in a transaction on Friday, November 4th. The shares were sold at an average price of $94.03, for a total value of $49,835.90. Following the transaction, the insider now owns 9,196 shares of the company’s stock, valued at approximately $864,699.88. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.

Several large investors have recently modified their holdings of JACK. BlackRock Investment Management LLC boosted its stake in shares of Jack In The Box by 0.7% in the second quarter. BlackRock Investment Management LLC now owns 204,696 shares of the company’s stock valued at $17,587,000 after buying an additional 1,431 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Jack In The Box by 2.6% in the second quarter. BlackRock Inc. now owns 15,526 shares of the company’s stock valued at $1,334,000 after buying an additional 389 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in shares of Jack In The Box by 37.2% in the second quarter. Canada Pension Plan Investment Board now owns 37,982 shares of the company’s stock valued at $3,263,000 after buying an additional 10,300 shares in the last quarter. Alliancebernstein L.P. boosted its stake in shares of Jack In The Box by 2.5% in the second quarter. Alliancebernstein L.P. now owns 69,913 shares of the company’s stock valued at $6,007,000 after buying an additional 1,690 shares in the last quarter. Finally, Comerica Bank boosted its stake in shares of Jack In The Box by 270.1% in the second quarter. Comerica Bank now owns 70,403 shares of the company’s stock valued at $6,926,000 after buying an additional 51,378 shares in the last quarter. Institutional investors and hedge funds own 99.67% of the company’s stock.

Several research analysts recently weighed in on JACK shares. Goldman Sachs Group Inc. started coverage on shares of Jack In The Box in a research report on Monday, October 24th. They issued a “sell” rating and a $88.00 price objective on the stock. Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $97.00 price objective on shares of Jack In The Box in a research report on Tuesday, August 2nd. Zacks Investment Research cut shares of Jack In The Box from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 17th. TheStreet upgraded shares of Jack In The Box from a “hold” rating to a “buy” rating in a research report on Friday, August 12th. Finally, Telsey Advisory Group upped their price objective on shares of Jack In The Box from $105.00 to $120.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 9th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the company’s stock. Jack In The Box presently has a consensus rating of “Buy” and an average target price of $100.83.

About Jack In The Box

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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