Jack in the Box Inc. (NASDAQ:JACK) – Equities researchers at Oppenheimer cut their Q1 2018 earnings per share (EPS) estimates for Jack in the Box in a report released on Thursday, Zacks Investment Research reports. Oppenheimer analyst B. Bittner now forecasts that the restaurant operator will post earnings of $1.09 per share for the quarter, down from their prior forecast of $1.15. Oppenheimer currently has a “Buy” rating on the stock. Oppenheimer also issued estimates for Jack in the Box’s Q2 2018 earnings at $0.96 EPS, Q3 2018 earnings at $0.92 EPS, Q4 2018 earnings at $0.95 EPS, FY2018 earnings at $3.93 EPS and FY2019 earnings at $5.50 EPS.
Jack in the Box (NASDAQ:JACK) last issued its quarterly earnings results on Wednesday, February 21st. The restaurant operator reported $1.23 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.17. Jack in the Box had a net margin of 8.20% and a negative return on equity of 28.27%. The company had revenue of $294.50 million during the quarter, compared to analyst estimates of $284.37 million. During the same quarter last year, the business posted $1.18 EPS. Jack in the Box’s quarterly revenue was down 16.6% compared to the same quarter last year.
Shares of Jack in the Box (NASDAQ JACK) traded down $2.88 during mid-day trading on Monday, hitting $85.74. 877,399 shares of the stock traded hands, compared to its average volume of 934,599. The company has a debt-to-equity ratio of -2.77, a quick ratio of 1.52 and a current ratio of 1.53. Jack in the Box has a 12 month low of $79.30 and a 12 month high of $113.00. The stock has a market cap of $2,530.00, a price-to-earnings ratio of 17.83, a P/E/G ratio of 1.56 and a beta of 0.43.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 16th. Shareholders of record on Monday, March 5th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.87%. The ex-dividend date is Friday, March 2nd. Jack in the Box’s payout ratio is 33.26%.
In other Jack in the Box news, CFO Jerry P. Rebel sold 1,925 shares of the firm’s stock in a transaction on Thursday, December 21st. The shares were sold at an average price of $99.78, for a total value of $192,076.50. Following the completion of the transaction, the chief financial officer now directly owns 112,181 shares of the company’s stock, valued at approximately $11,193,420.18. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Vanessa C. Fox sold 500 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $88.40, for a total transaction of $44,200.00. Following the completion of the transaction, the vice president now directly owns 2,142 shares of the company’s stock, valued at $189,352.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 16,340 shares of company stock valued at $1,619,359. Insiders own 2.60% of the company’s stock.
A number of large investors have recently made changes to their positions in JACK. Jana Partners LLC bought a new position in Jack in the Box in the 3rd quarter valued at $134,200,000. Vaughan Nelson Investment Management L.P. boosted its holdings in Jack in the Box by 60.9% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 850,225 shares of the restaurant operator’s stock valued at $86,656,000 after purchasing an additional 321,825 shares during the period. Millennium Management LLC boosted its holdings in Jack in the Box by 36.9% in the 4th quarter. Millennium Management LLC now owns 994,440 shares of the restaurant operator’s stock valued at $97,565,000 after purchasing an additional 268,145 shares during the period. Ameriprise Financial Inc. boosted its holdings in Jack in the Box by 179.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 384,754 shares of the restaurant operator’s stock valued at $39,214,000 after purchasing an additional 247,016 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec bought a new position in Jack in the Box in the 4th quarter valued at $14,717,000. 98.81% of the stock is owned by hedge funds and other institutional investors.
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About Jack in the Box
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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