Wall Street brokerages expect Jack in the Box Inc. (NASDAQ:JACK) to report earnings per share of $0.95 for the current quarter, according to Zacks. Six analysts have made estimates for Jack in the Box’s earnings. The highest EPS estimate is $1.03 and the lowest is $0.89. Jack in the Box posted earnings of $0.77 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 23.4%. The business is expected to announce its next earnings report after the market closes on Wednesday, November 20th.

On average, analysts expect that Jack in the Box will report full year earnings of $4.36 per share for the current fiscal year, with EPS estimates ranging from $4.31 to $4.44. For the next year, analysts expect that the firm will report earnings of $4.81 per share, with EPS estimates ranging from $4.52 to $4.97. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Jack in the Box.

A number of brokerages have commented on JACK. Robert W. Baird lifted their target price on Jack in the Box from $95.00 to $104.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. Credit Suisse Group lifted their target price on Jack in the Box from $75.00 to $78.00 and gave the company an “underperform” rating in a research note on Friday, August 9th. Telsey Advisory Group lifted their target price on Jack in the Box from $95.00 to $105.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. BidaskClub downgraded Jack in the Box from a “hold” rating to a “sell” rating in a research note on Wednesday, October 23rd. Finally, SunTrust Banks decreased their target price on Jack in the Box from $108.00 to $106.00 and set a “buy” rating for the company in a research note on Friday, October 18th. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $93.82.

In related news, CEO Leonard A. Comma sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $91.00, for a total transaction of $273,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director David Goebel sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $90.93, for a total value of $181,860.00. Following the sale, the director now directly owns 18,890 shares in the company, valued at approximately $1,717,667.70. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,000 shares of company stock worth $730,860. 2.30% of the stock is owned by corporate insiders.

Large investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC raised its holdings in Jack in the Box by 6,483.3% during the second quarter. Tower Research Capital LLC TRC now owns 395 shares of the restaurant operator’s stock worth $32,000 after purchasing an additional 389 shares in the last quarter. Strs Ohio bought a new stake in Jack in the Box during the second quarter worth approximately $40,000. Point72 Hong Kong Ltd raised its holdings in Jack in the Box by 3,727.3% during the second quarter. Point72 Hong Kong Ltd now owns 842 shares of the restaurant operator’s stock worth $69,000 after purchasing an additional 820 shares in the last quarter. First Mercantile Trust Co. raised its holdings in Jack in the Box by 11.5% during the third quarter. First Mercantile Trust Co. now owns 1,269 shares of the restaurant operator’s stock worth $116,000 after purchasing an additional 131 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new stake in Jack in the Box during the second quarter worth approximately $159,000.

JACK stock traded down $0.27 during midday trading on Friday, reaching $85.07. The company had a trading volume of 30,927 shares, compared to its average volume of 399,623. The stock has a 50 day moving average price of $86.70 and a 200 day moving average price of $83.65. Jack in the Box has a fifty-two week low of $70.77 and a fifty-two week high of $93.12. The firm has a market capitalization of $2.23 billion, a PE ratio of 22.47, a P/E/G ratio of 1.38 and a beta of 0.25.

Jack in the Box Company Profile

Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants. As of March 19, 2019, it operated and franchised approximately 2,200 Jack in the Box restaurants in 21 states and Guam. The company was founded in 1951 and is headquartered in San Diego, California.

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

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