Jack In The Box Inc. (NASDAQ:JACK) – Equities researchers at Jefferies Group issued their Q1 2017 earnings per share (EPS) estimates for Jack In The Box in a report released on Wednesday. Jefferies Group analyst A. Slagle forecasts that the firm will post earnings of $1.26 per share for the quarter. Jefferies Group currently has a “Buy” rating and a $121.00 target price 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.
JACK has been the subject of several other reports. Bank of America Corp. reissued a “buy” rating and issued a $108.00 price objective on shares of Jack In The Box in a report on Tuesday, September 27th. Barclays PLC increased their price target 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. Wedbush reaffirmed an “outperform” rating and set a $125.00 price target on shares of Jack In The Box in a report on Tuesday, November 22nd. Robert W. Baird reaffirmed an “outperform” rating and set a $120.00 price target on shares of Jack In The Box in a report on Sunday, September 25th. Finally, Zacks Investment Research downgraded Jack In The Box from a “buy” rating to a “hold” rating in a report on Wednesday, October 26th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $102.23.
Shares of Jack In The Box (NASDAQ:JACK) opened at 107.65 on Monday. The company has a 50-day moving average of $97.59 and a 200 day moving average of $91.94. The stock has a market cap of $3.52 billion, a price-to-earnings ratio of 29.61 and a beta of 0.50. Jack In The Box has a one year low of $61.78 and a one year high of $109.40.
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, topping the consensus estimate of $0.88 by $0.15. The company earned $398.42 million during the quarter, compared to analyst estimates of $398.67 million. Jack In The Box had a net margin of 7.76% and a negative return on equity of 83.17%. The firm’s revenue was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.62 EPS.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 16th. Investors of record on Monday, December 5th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date is Thursday, December 1st. This is a boost from Jack In The Box’s previous quarterly dividend of $0.30. Jack In The Box’s dividend payout ratio (DPR) is currently 32.97%.
In related news, CEO Leonard A. Comma sold 67,572 shares of Jack In The Box 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 completion of the sale, the chief executive officer now owns 164,710 shares in the company, valued at approximately $15,924,162.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Carol A. Diraimo sold 2,000 shares of Jack In The Box stock in a transaction dated 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. Corporate insiders own 2.00% of the company’s stock.
A number of hedge funds have recently bought and sold shares of JACK. Cortina Asset Management LLC boosted its stake in Jack In The Box by 29.8% in the second quarter. Cortina Asset Management LLC now owns 385,056 shares of the company’s stock worth $33,084,000 after buying an additional 88,383 shares in the last quarter. Adams Diversified Equity Fund Inc. bought a new stake in Jack In The Box during the second quarter worth approximately $473,000. Kornitzer Capital Management Inc. KS bought a new stake in Jack In The Box during the second quarter worth approximately $258,000. Falcon Point Capital LLC boosted its stake in Jack In The Box by 1.6% in the second quarter. Falcon Point Capital LLC now owns 147,332 shares of the company’s stock worth $12,659,000 after buying an additional 2,315 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in 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. Hedge funds and other institutional investors own 95.36% of the company’s stock.
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