Jack in the Box Inc. (NASDAQ:JACK) – SunTrust Banks decreased their Q1 2018 earnings estimates for shares of Jack in the Box in a research note issued to investors on Thursday. SunTrust Banks analyst J. Bartlett now forecasts that the restaurant operator will post earnings of $1.30 per share for the quarter, down from their prior forecast of $1.37. SunTrust Banks currently has a “Buy” rating and a $110.00 target price on the stock. SunTrust Banks also issued estimates for Jack in the Box’s Q2 2018 earnings at $1.02 EPS and Q3 2018 earnings at $1.25 EPS.

A number of other equities analysts also recently weighed in on the stock. Telsey Advisory Group downgraded shares of Jack in the Box from an “outperform” rating to a “market perform” rating in a research note on Wednesday. Goldman Sachs Group raised shares of Jack in the Box from a “sell” rating to a “neutral” rating in a research note on Friday, January 5th. BTIG Research downgraded shares of Jack in the Box from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 2nd. Oppenheimer reaffirmed a “buy” rating on shares of Jack in the Box in a research note on Tuesday, December 19th. Finally, Jefferies Group downgraded shares of Jack in the Box from a “buy” rating to a “hold” rating and decreased their target price for the company from $120.00 to $100.00 in a research note on Wednesday, December 20th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $111.15.

Jack in the Box (JACK) opened at $92.86 on Friday. Jack in the Box has a one year low of $90.89 and a one year high of $113.00. The firm has a market cap of $2,730.00, a P/E ratio of 20.68, a price-to-earnings-growth ratio of 1.56 and a beta of 0.52. The company has a current ratio of 0.53, a quick ratio of 0.51 and a debt-to-equity ratio of -2.79.

Jack in the Box (NASDAQ:JACK) last announced its earnings results on Wednesday, November 29th. The restaurant operator reported $0.73 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.89 by ($0.16). Jack in the Box had a net margin of 8.71% and a negative return on equity of 30.55%. The business had revenue of $338.75 million for the quarter, compared to the consensus estimate of $341.34 million. During the same period in the prior year, the business posted $1.03 EPS. Jack in the Box’s revenue for the quarter was down 15.0% on a year-over-year basis.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio increased its position in shares of Jack in the Box by 1.4% during the second quarter. Public Employees Retirement System of Ohio now owns 2,188 shares of the restaurant operator’s stock valued at $216,000 after acquiring an additional 30 shares in the last quarter. Royal Bank of Canada increased its position in shares of Jack in the Box by 9.0% during the second quarter. Royal Bank of Canada now owns 1,274 shares of the restaurant operator’s stock valued at $126,000 after acquiring an additional 105 shares in the last quarter. UBS Asset Management Americas Inc. increased its position in shares of Jack in the Box by 0.7% during the second quarter. UBS Asset Management Americas Inc. now owns 16,790 shares of the restaurant operator’s stock valued at $1,654,000 after acquiring an additional 123 shares in the last quarter. Northwestern Mutual Investment Management Company LLC increased its position in shares of Jack in the Box by 3.0% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 5,618 shares of the restaurant operator’s stock valued at $483,000 after acquiring an additional 165 shares in the last quarter. Finally, Teachers Advisors LLC increased its position in shares of Jack in the Box by 0.5% during the second quarter. Teachers Advisors LLC now owns 57,330 shares of the restaurant operator’s stock valued at $5,647,000 after acquiring an additional 260 shares in the last quarter. 98.71% of the stock is owned by institutional investors.

In related news, VP Dean C. Gordon sold 278 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $102.22, for a total transaction of $28,417.16. Following the completion of the sale, the vice president now owns 3,924 shares of the company’s stock, valued at $401,111.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Paul D. Melancon sold 404 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $102.22, for a total transaction of $41,296.88. Following the sale, the senior vice president now directly owns 4,946 shares of the company’s stock, valued at approximately $505,580.12. The disclosure for this sale can be found here. Insiders have sold 26,201 shares of company stock valued at $2,641,365 in the last three months. 2.10% of the stock is owned by insiders.

The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Monday, December 4th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.72%. The ex-dividend date was Friday, December 1st. Jack in the Box’s dividend payout ratio (DPR) is currently 35.63%.

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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.

Earnings History and Estimates for Jack in the Box (NASDAQ:JACK)

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