Jack In The Box (JACK) Earning Somewhat Positive Media Coverage, Analysis Shows
News articles about Jack In The Box (NASDAQ:JACK) have been trending somewhat positive this week, Accern reports. The research group identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Jack In The Box earned a news sentiment score of 0.15 on Accern’s scale. Accern also assigned media stories about the restaurant operator an impact score of 46.5520154942486 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news articles that may have impacted Accern Sentiment’s rankings:
- Jack In The Box Inc. (NASDAQ:JACK) Trading Volume Significantly Lower (highlightpress.com)
- Boom or Bust? Is there any value in Jack in the Box Inc. (NASDAQ … – FLBC News (flbcnews.com)
- The Cheesecake Factory Incorporated (CAKE) vs. Jack in the Box Inc. (JACK): Breaking Down the Restaurants … – StockNewsGazette (stocknewsgazette.com)
- Jack In The Box’s (JACK) Buy Rating Reiterated at Jefferies Group LLC (americanbankingnews.com)
- Hurricane Harvey slams into restaurant industry (finance.yahoo.com)
Jack In The Box (NASDAQ:JACK) opened at 94.83 on Tuesday. The firm has a 50 day moving average price of $94.88 and a 200 day moving average price of $99.85. The stock has a market capitalization of $2.79 billion, a P/E ratio of 21.88 and a beta of 0.59. Jack In The Box has a 52 week low of $91.02 and a 52 week high of $113.30.
Jack In The Box (NASDAQ:JACK) last announced its quarterly earnings results on Wednesday, August 9th. The restaurant operator reported $0.99 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by $0.06. The company had revenue of $357.80 million for the quarter, compared to analyst estimates of $360.84 million. Jack In The Box had a negative return on equity of 37.83% and a net margin of 8.51%. The firm’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.07 earnings per share. Equities research analysts predict that Jack In The Box will post $4.06 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 5th. Stockholders of record on Tuesday, August 22nd will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date of this dividend is Friday, August 18th. Jack In The Box’s payout ratio is 36.70%.
Several research analysts have commented on JACK shares. TheStreet raised Jack In The Box from a “c+” rating to a “b-” rating in a research report on Thursday, June 15th. Bank of America Corporation reaffirmed a “buy” rating and set a $120.00 price target (up previously from $110.00) on shares of Jack In The Box in a research report on Friday, May 19th. Jefferies Group LLC reaffirmed a “buy” rating and set a $120.00 price target on shares of Jack In The Box in a research report on Thursday, July 27th. Wedbush reaffirmed a “buy” rating on shares of Jack In The Box in a research report on Friday, August 11th. Finally, Barclays PLC cut their price target on Jack In The Box from $110.00 to $103.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 10th. One analyst has rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $114.85.
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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