Jack In The Box Inc. (NASDAQ:JACK) issued an update on its FY17 earnings guidance on Monday morning. The company provided EPS guidance of $4.55-4.75 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.75.

Jack In The Box Inc. (NASDAQ:JACK) opened at 101.65 on Tuesday. The company has a 50 day moving average price of $96.39 and a 200-day moving average price of $91.27. Jack In The Box Inc. has a one year low of $61.78 and a one year high of $102.85. The firm has a market capitalization of $3.32 billion, a PE ratio of 30.92 and a beta of 0.50.

Jack In The Box (NASDAQ:JACK) last released its quarterly earnings data on Monday, November 21st. The company reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.15. The company had revenue of $398.42 million for the quarter, compared to the consensus estimate of $398.67 million. Jack In The Box had a negative return on equity of 120.29% and a net margin of 7.41%. The company’s quarterly revenue was up 12.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.62 earnings per share. On average, equities analysts predict that Jack In The Box Inc. will post $3.73 EPS for the current year.

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

Several research analysts have recently commented on the company. Goldman Sachs Group Inc. assumed coverage on Jack In The Box in a report on Monday, October 24th. They issued a sell rating and a $88.00 target price on the stock. Oppenheimer Holdings Inc. reissued an outperform rating and issued a $97.00 target price on shares of Jack In The Box in a report on Tuesday, August 2nd. Zacks Investment Research downgraded Jack In The Box from a strong-buy rating to a hold rating in a report on Monday, October 17th. TheStreet raised Jack In The Box from a hold rating to a buy rating in a report on Friday, August 12th. Finally, Telsey Advisory Group boosted their target price on Jack In The Box from $105.00 to $120.00 and gave the stock an outperform rating in a 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 issued a buy rating to the stock. The company has an average rating of Buy and a consensus price target of $100.83.

In related news, CEO Leonard A. Comma sold 67,572 shares of the company’s stock in a transaction on Tuesday, September 13th. The shares were sold at an average price of $96.68, for a total value of $6,532,860.96. Following the completion of the sale, 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 filing with the SEC, which is available through this link. Also, insider Frances L. Allen sold 530 shares of the company’s stock in a transaction on Friday, November 4th. The shares were sold at an average price of $94.03, for a total transaction of $49,835.90. Following the completion of the sale, 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. 2.00% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in JACK. Price T Rowe Associates Inc. MD raised its position in shares of Jack In The Box by 29.5% in the third quarter. Price T Rowe Associates Inc. MD now owns 2,759,380 shares of the company’s stock worth $264,735,000 after buying an additional 628,480 shares during the last quarter. 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. State of Wisconsin Investment Board raised its position in shares of Jack In The Box by 2.1% in the second quarter. State of Wisconsin Investment Board now owns 324,051 shares of the company’s stock worth $27,842,000 after buying an additional 6,800 shares during the last quarter. Point72 Asset Management L.P. raised its position in shares of Jack In The Box by 15.6% in the second quarter. Point72 Asset Management L.P. now owns 274,000 shares of the company’s stock worth $23,542,000 after buying an additional 36,900 shares during the last quarter. Finally, BlackRock Investment Management LLC raised its position 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 worth $17,587,000 after buying an additional 1,431 shares during the last quarter. 99.67% of the stock is owned by hedge funds and other institutional investors.

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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