Jack In The Box Inc. (NASDAQ:JACK) – Equities researchers at SunTrust Banks reduced their FY2017 EPS estimates for Jack In The Box in a research report issued on Wednesday. SunTrust Banks analyst J. Bartlett now expects that the firm will post earnings of $4.91 per share for the year, down from their prior forecast of $5.10.
Other equities research analysts have also recently issued reports about the company. Robert W. Baird reiterated an “outperform” rating and issued a $105.00 target price on shares of Jack In The Box in a report on Thursday, June 23rd. Barclays PLC upped their target price on Jack In The Box from $86.00 to $96.00 and gave the stock an “equal weight” rating in a report on Friday, August 5th. Bank of America Corp. reiterated a “buy” rating and issued a $108.00 target price on shares of Jack In The Box in a report on Tuesday, September 27th. Telsey Advisory Group decreased their price objective on Jack In The Box from $105.00 to $85.00 and set an “outperform” rating for the company in a research note on Wednesday, July 13th. Finally, Oppenheimer Holdings Inc. restated an “outperform” rating and set a $97.00 price objective on shares of Jack In The Box in a research note on Tuesday, August 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $101.53.
Jack In The Box (NASDAQ:JACK) traded up 1.333% during midday trading on Monday, reaching $98.445. The company had a trading volume of 95,757 shares. The firm has a 50-day moving average of $97.59 and a 200 day moving average of $86.19. The company has a market capitalization of $3.22 billion, a P/E ratio of 29.941 and a beta of 0.41. Jack In The Box has a 1-year low of $61.78 and a 1-year high of $102.68.
Jack In The Box (NASDAQ:JACK) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $1.07 EPS for the quarter, topping the consensus estimate of $0.87 by $0.20. Jack In The Box had a negative return on equity of 120.29% and a net margin of 7.41%. The company earned $368.94 million during the quarter, compared to the consensus estimate of $367.52 million. During the same period last year, the company earned $0.76 EPS. Jack In The Box’s revenue for the quarter was up 2.6% on a year-over-year basis.
A number of hedge funds have recently bought and sold shares of the company. Menta Capital LLC acquired a new position in shares of Jack In The Box during the first quarter worth about $441,000. AXA increased its position in shares of Jack In The Box by 2,880.0% in the first quarter. AXA now owns 89,400 shares of the company’s stock worth $5,710,000 after buying an additional 86,400 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Jack In The Box by 51.6% in the first quarter. Renaissance Technologies LLC now owns 199,300 shares of the company’s stock worth $12,729,000 after buying an additional 67,800 shares in the last quarter. Springbok Capital Management LLC acquired a new position in shares of Jack In The Box during the first quarter worth about $607,000. Finally, Suvretta Capital Management LLC acquired a new position in shares of Jack In The Box during the first quarter worth about $30,683,000. 98.44% of the stock is currently owned by hedge funds and other institutional investors.
In related news, CEO Leonard A. Comma sold 67,572 shares of the firm’s stock in a transaction dated Tuesday, September 13th. The stock was sold at an average price of $96.68, for a total transaction of $6,532,860.96. Following the sale, the chief executive officer now directly owns 164,710 shares of the company’s stock, valued at $15,924,162.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Jerry P. Rebel sold 42,362 shares of the firm’s stock in a transaction dated Monday, September 19th. The stock was sold at an average price of $99.00, for a total value of $4,193,838.00. Following the sale, the chief financial officer now directly owns 119,835 shares in the company, valued at $11,863,665. The disclosure for this sale can be found here. 2.00% of the stock is owned by insiders.
Jack In The Box Company Profile
Jack in the Box Inc is a restaurant company. The Company operates and franchises approximately 2,910 Jack in the Box quick-service restaurants (QSR) and Qdoba Mexican Eats fast-casual restaurants (Qdoba). Its segments are Jack in the Box and Qdoba Restaurant operations. It operates and franchises approximately 2,250 Jack in the Box restaurants, primarily in the western and southern United States, including one in Guam, over 660 Qdoba restaurants across the United States, and approximately four in Canada.
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