Today, Jack In The Box Inc. (JACK) Forecasted to Post Q1 2017 Earnings of $1.26 Per Share

Today, Jack In The Box Inc. (JACK) Forecasted to Post Q1 2017 Earnings of $1.26 Per Share

Jack In The Box Inc. (NASDAQ:JACK) – Analysts at Jefferies Group issued their Q1 2017 EPS estimates for shares of Jack In The Box in a research report issued to clients and investors on Wednesday. Jefferies Group analyst A. Slagle forecasts that the brokerage will post earnings of $1.26 per share for the quarter. Jefferies Group currently has a “Buy” rating and a $121.00 price target on the stock. Jefferies Group also issued estimates for Jack In The Box’s Q2 2017 earnings at $1.07 EPS, Q3 2017 earnings at $1.21 EPS, Q4 2017 earnings at $1.16 EPS and FY2017 earnings at $4.70 EPS.

A number of other research firms have also issued reports on JACK. Wedbush reaffirmed an “outperform” rating and issued a $125.00 target price on shares of Jack In The Box in a report on Tuesday, November 22nd. TheStreet lowered Jack In The Box from a “buy” rating to a “hold” rating in a report on Monday, November 21st. Goldman Sachs Group Inc. reaffirmed a “sell” rating and issued a $88.00 target price on shares of Jack In The Box in a report on Friday. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and issued a $115.00 target price (up previously from $105.00) on shares of Jack In The Box in a report on Monday, September 26th. Finally, Robert W. Baird reissued an “outperform” rating and set a $120.00 price objective on shares of Jack In The Box in a report on Sunday, September 25th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $102.23.

Jack In The Box (NASDAQ:JACK) opened at 104.95 on Monday. Jack In The Box has a one year low of $61.78 and a one year high of $109.40. The firm has a market capitalization of $3.43 billion, a price-to-earnings ratio of 28.86 and a beta of 0.50. The stock’s 50 day moving average price is $97.88 and its 200-day moving average price is $92.52.

Jack In The Box (NASDAQ:JACK) last issued its quarterly earnings results on Monday, November 21st. The company reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.15. The company had revenue of $398.42 million for the quarter, compared to analyst estimates of $398.67 million. Jack In The Box had a negative return on equity of 83.17% and a net margin of 7.76%. The company’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period last year, the company earned $0.62 earnings per share.

Several large investors have recently added to or reduced their stakes in JACK. Bank of Montreal Can increased its stake in Jack In The Box by 109.1% in the third quarter. Bank of Montreal Can now owns 1,306 shares of the company’s stock worth $126,000 after buying an additional 15,681 shares in the last quarter. Seven Eight Capital LLC increased its stake in Jack In The Box by 125.0% in the second quarter. Seven Eight Capital LLC now owns 1,800 shares of the company’s stock worth $155,000 after buying an additional 1,000 shares in the last quarter. LS Investment Advisors LLC increased its stake in Jack In The Box by 58.9% in the second quarter. LS Investment Advisors LLC now owns 1,992 shares of the company’s stock worth $171,000 after buying an additional 738 shares in the last quarter. World Asset Management Inc bought a new stake in Jack In The Box during the third quarter worth approximately $205,000. Finally, Weiss Asset Management LP bought a new stake in Jack In The Box during the third quarter worth approximately $234,000. Institutional investors own 95.36% of the company’s stock.

In other news, CEO Leonard A. Comma sold 67,572 shares of the business’s stock in a transaction on 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 completion of the sale, the chief executive officer now owns 164,710 shares in the company, valued at $15,924,162.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Carol A. Diraimo sold 2,000 shares of the business’s stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $105.00, for a total value of $210,000.00. Following the sale, the vice president now owns 16,059 shares of the company’s stock, valued at approximately $1,686,195. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 16th. Shareholders of record on Monday, December 5th will be given a $0.40 dividend. This is an increase from Jack In The Box’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Thursday, December 1st. This represents a $1.60 annualized dividend and a yield of 1.52%. Jack In The Box’s payout ratio is presently 32.97%.

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