News headlines about Jack in the Box (NASDAQ:JACK) have been trending somewhat positive this week, according to Accern. The research group identifies positive and negative media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Jack in the Box earned a coverage optimism score of 0.09 on Accern’s scale. Accern also gave media coverage about the restaurant operator an impact score of 45.81889531048 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern’s rankings:
- Honest Ways To pick this stock:- Jack in the Box Inc. (NASDAQ:JACK) – The Stock Street (press release) (thestreetpoint.com)
- Apollo near a deal to acquire Qdoba from Jack in the Box (finance.yahoo.com)
- Jack in the Box Inc. (JACK) CEO Leonard A. Comma Sells 6,021 Shares (americanbankingnews.com)
- Paul D. Melancon Sells 404 Shares of Jack in the Box Inc. (JACK) Stock (americanbankingnews.com)
- Jack in the Box Inc. (JACK) VP Sells $28,417.16 in Stock (americanbankingnews.com)
Several research firms have commented on JACK. Robert W. Baird restated a “buy” rating and issued a $115.00 target price on shares of Jack in the Box in a research note on Tuesday, September 19th. Wedbush reiterated a “buy” rating and set a $115.00 price objective on shares of Jack in the Box in a research note on Friday, October 13th. Wells Fargo & Company dropped their price objective on Jack in the Box from $120.00 to $117.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 15th. Zacks Investment Research upgraded Jack in the Box from a “sell” rating to a “hold” rating in a research note on Wednesday, October 11th. Finally, Telsey Advisory Group upgraded Jack in the Box from a “market perform” rating to an “outperform” rating and set a $118.00 price objective on the stock in a research note on Wednesday, October 4th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $112.62.
Jack in the Box (NASDAQ:JACK) last announced its quarterly earnings data on Wednesday, November 29th. The restaurant operator reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.16). Jack in the Box had a negative return on equity of 30.55% and a net margin of 8.71%. The company had revenue of $338.75 million for the quarter, compared to the consensus estimate of $341.34 million. During the same quarter in the prior year, the company earned $1.03 EPS. The company’s revenue for the quarter was down 15.0% on a year-over-year basis. analysts forecast that Jack in the Box will post 4.49 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Monday, December 4th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend is Friday, December 1st. Jack in the Box’s dividend payout ratio (DPR) is presently 36.36%.
In related news, VP Dean C. Gordon sold 278 shares of the stock in a transaction on Friday, December 8th. The stock was sold at an average price of $102.22, for a total value of $28,417.16. Following the sale, the vice president now owns 3,924 shares in the company, valued at approximately $401,111.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Phillip H. Rudolph sold 1,455 shares of the stock in a transaction on Friday, December 8th. The shares were sold at an average price of $102.22, for a total value of $148,730.10. Following the completion of the sale, the executive vice president now owns 92,048 shares in the company, valued at approximately $9,409,146.56. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,971 shares of company stock worth $1,121,715. 2.10% of the stock is owned by company insiders.
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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.
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