Jack in the Box (JACK) to Post Q2 2018 Earnings of $0.90 Per Share, SunTrust Banks Forecasts

Jack in the Box (NASDAQ:JACK) – Investment analysts at SunTrust Banks decreased their Q2 2018 earnings estimates for shares of Jack in the Box in a research note issued to investors on Tuesday, April 17th. SunTrust Banks analyst J. Bartlett now anticipates that the restaurant operator will post earnings per share of $0.90 for the quarter, down from their previous forecast of $0.93. 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 Q3 2018 earnings at $0.97 EPS, Q4 2018 earnings at $1.08 EPS and FY2018 earnings at $4.23 EPS.

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A number of other research analysts have also weighed in on the stock. Robert W. Baird reiterated a “buy” rating on shares of Jack in the Box in a research note on Thursday, March 29th. Morgan Stanley lowered shares of Jack in the Box from an “overweight” rating to an “equal weight” rating and set a $106.00 price objective for the company. in a research note on Monday, March 26th. BidaskClub upgraded shares of Jack in the Box from a “strong sell” rating to a “sell” rating in a research note on Saturday, March 24th. Stifel Nicolaus reiterated a “hold” rating and issued a $95.00 price objective on shares of Jack in the Box in a research note on Wednesday, March 21st. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $105.00 price objective (down from $118.00) on shares of Jack in the Box in a research note on Wednesday, March 14th. One analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $107.62.



Shares of JACK stock opened at $88.37 on Thursday. The company has a quick ratio of 1.52, a current ratio of 1.53 and a debt-to-equity ratio of -2.77. Jack in the Box has a 12-month low of $79.30 and a 12-month high of $113.00. The company has a market cap of $2,643.42, a PE ratio of 22.78, a P/E/G ratio of 1.57 and a beta of 0.44.

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.

In other Jack in the Box news, Director David Goebel sold 1,486 shares of the firm’s stock in a transaction on Friday, March 23rd. The shares were sold at an average price of $84.68, for a total value of $125,834.48. Following the completion of the transaction, the director now directly owns 21,702 shares of the company’s stock, valued at approximately $1,837,725.36. 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 2,596 shares of company stock valued at $225,544. Insiders own 2.60% of the company’s stock.

A number of large investors have recently made changes to their positions in the business. ING Groep NV boosted its holdings in Jack in the Box by 23.2% in the 4th quarter. ING Groep NV now owns 4,440 shares of the restaurant operator’s stock valued at $436,000 after purchasing an additional 836 shares during the period. Flinton Capital Management LLC boosted its holdings in Jack in the Box by 23.6% in the 4th quarter. Flinton Capital Management LLC now owns 4,396 shares of the restaurant operator’s stock valued at $431,000 after purchasing an additional 840 shares during the period. Swiss National Bank boosted its holdings in Jack in the Box by 1.8% in the 4th quarter. Swiss National Bank now owns 50,100 shares of the restaurant operator’s stock valued at $4,915,000 after purchasing an additional 900 shares during the period. Meeder Asset Management Inc. boosted its holdings in Jack in the Box by 597.5% in the 4th quarter. Meeder Asset Management Inc. now owns 1,123 shares of the restaurant operator’s stock valued at $110,000 after purchasing an additional 962 shares during the period. Finally, UBS Asset Management Americas Inc. boosted its holdings in Jack in the Box by 5.3% in the 4th quarter. UBS Asset Management Americas Inc. now owns 19,514 shares of the restaurant operator’s stock valued at $1,915,000 after purchasing an additional 983 shares during the period. 98.84% of the stock is owned by hedge funds and other institutional investors.

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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 and Qdoba Mexican Eats fast-casual restaurants primarily in the United States. As of October 01, 2017, it operated and franchised approximately 2,251 Jack in the Box restaurants in 21 states and Guam; and approximately 726 Qdoba Mexican Eats restaurants in 47 states, the District of Columbia, and Canada.

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

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