Brokerages Anticipate Jack in the Box Inc. (NASDAQ:JACK) Will Announce Earnings of $1.36 Per Share

Wall Street analysts forecast that Jack in the Box Inc. (NASDAQ:JACK – Get Rating) will post earnings per share (EPS) of $1.36 for the current quarter, according to Zacks Investment Research. Eight analysts have provided estimates for Jack in the Box’s earnings, with the highest EPS estimate coming in at $1.51 and the lowest estimate coming in at $1.24. Jack in the Box posted earnings of $1.48 per share during the same quarter last year, which would indicate a negative year over year growth rate of 8.1%. The business is scheduled to issue its next quarterly earnings results before the market opens on Monday, January 1st.

According to Zacks, analysts expect that Jack in the Box will report full-year earnings of $6.58 per share for the current fiscal year, with EPS estimates ranging from $6.14 to $7.00. For the next year, analysts expect that the business will post earnings of $7.60 per share, with EPS estimates ranging from $6.80 to $8.25. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover Jack in the Box.

Jack in the Box (NASDAQ:JACK – Get Rating) last released its quarterly earnings data on Wednesday, February 23rd. The restaurant operator reported $1.97 EPS for the quarter, beating analysts’ consensus estimates of $1.92 by $0.05. Jack in the Box had a net margin of 13.41% and a negative return on equity of 19.33%. The company had revenue of $344.70 million during the quarter, compared to analyst estimates of $345.88 million. During the same period last year, the business earned $2.16 earnings per share. Jack in the Box’s revenue was up 1.8% compared to the same quarter last year.

A number of equities analysts have recently commented on JACK shares. StockNews.com started coverage on shares of Jack in the Box in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Citigroup initiated coverage on shares of Jack in the Box in a research report on Tuesday, April 12th. They set a “neutral” rating and a $104.00 target price for the company. Morgan Stanley dropped their target price on shares of Jack in the Box from $105.00 to $98.00 and set an “equal weight” rating for the company in a research report on Friday, January 14th. Robert W. Baird lifted their target price on shares of Jack in the Box from $84.00 to $92.00 in a research report on Thursday, February 24th. Finally, Gordon Haskett lowered shares of Jack in the Box from a “buy” rating to a “hold” rating and set a $96.00 target price for the company. in a research report on Monday, February 28th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $110.04.

In other Jack in the Box news, CMO Ryan Lee Ostrom sold 327 shares of the business’s stock in a transaction on Wednesday, February 16th. The shares were sold at an average price of $91.30, for a total transaction of $29,855.10. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael W. Murphy sold 859 shares of the business’s stock in a transaction on Thursday, March 10th. The shares were sold at an average price of $83.11, for a total transaction of $71,391.49. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,359 shares of company stock worth $115,609. 1.10% of the stock is owned by insiders.

Institutional investors have recently modified their holdings of the business. Ancora Advisors LLC purchased a new position in Jack in the Box during the 1st quarter valued at $25,000. Lazard Asset Management LLC boosted its holdings in shares of Jack in the Box by 17.9% during the 4th quarter. Lazard Asset Management LLC now owns 743 shares of the restaurant operator’s stock valued at $64,000 after buying an additional 113 shares in the last quarter. Gladius Capital Management LP bought a new stake in shares of Jack in the Box during the 4th quarter valued at $73,000. US Asset Management LLC bought a new stake in shares of Jack in the Box during the 1st quarter valued at $80,000. Finally, Dark Forest Capital Management LP boosted its holdings in shares of Jack in the Box by 677.2% during the 3rd quarter. Dark Forest Capital Management LP now owns 956 shares of the restaurant operator’s stock valued at $93,000 after buying an additional 833 shares in the last quarter. 99.09% of the stock is currently owned by institutional investors and hedge funds.

Shares of JACK stock traded down $0.11 during trading hours on Friday, reaching $77.82. The stock had a trading volume of 576,288 shares, compared to its average volume of 292,753. The stock’s fifty day simple moving average is $86.93 and its 200 day simple moving average is $88.70. Jack in the Box has a 12 month low of $76.40 and a 12 month high of $122.70. The firm has a market capitalization of $1.64 billion, a PE ratio of 11.09, a PEG ratio of 0.71 and a beta of 1.70.

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 22nd. Investors of record on Wednesday, March 9th were paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend was Tuesday, March 8th. Jack in the Box’s payout ratio is 25.07%.

Jack in the Box Company Profile (Get Rating)

Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants. As of November 23, 2021, it operated and franchised approximately 2,200 Jack in the Box quick-service restaurants in 21 states and Guam. The company was founded in 1951 and is headquartered in San Diego, California.

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