$351.14 Million in Sales Expected for Jack In The Box Inc. (NASDAQ:JACK) This Quarter
Wall Street analysts predict that Jack In The Box Inc. (NASDAQ:JACK) will post $351.14 million in sales for the current quarter, Zacks reports. Six analysts have issued estimates for Jack In The Box’s earnings. The lowest sales estimate is $340.20 million and the highest is $367.18 million. Jack In The Box posted sales of $398.42 million during the same quarter last year, which suggests a negative year over year growth rate of 11.9%. The company is scheduled to announce its next quarterly earnings results on Monday, November 20th.
On average, analysts expect that Jack In The Box will report full year sales of $351.14 million for the current year, with estimates ranging from $1.55 billion to $1.59 billion. For the next financial year, analysts expect that the business will post sales of $1.43 billion per share, with estimates ranging from $1.40 billion to $1.48 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Jack In The Box.
Jack In The Box (NASDAQ:JACK) last announced its quarterly earnings results on Wednesday, August 9th. The restaurant operator reported $0.99 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by $0.06. The company had revenue of $357.80 million for the quarter, compared to analyst estimates of $360.84 million. Jack In The Box had a negative return on equity of 49.06% and a net margin of 8.07%. The firm’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.07 earnings per share.
A number of equities research analysts have weighed in on JACK shares. Zacks Investment Research raised Jack In The Box from a “sell” rating to a “hold” rating in a report on Thursday, April 13th. Jefferies Group LLC reissued a “buy” rating on shares of Jack In The Box in a report on Wednesday, May 3rd. Oppenheimer Holdings, Inc. reissued an “outperform” rating and issued a $125.00 target price on shares of Jack In The Box in a report on Friday, May 12th. Cowen and Company reissued a “hold” rating and issued a $100.00 target price on shares of Jack In The Box in a report on Friday, May 12th. Finally, Wells Fargo & Company reissued a “market perform” rating on shares of Jack In The Box in a report on Sunday, May 14th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company. Jack In The Box has an average rating of “Buy” and a consensus price target of $115.31.
Jack In The Box (JACK) traded up 0.98% during mid-day trading on Thursday, reaching $95.61. The company had a trading volume of 1,822,253 shares. Jack In The Box has a 52-week low of $91.02 and a 52-week high of $113.30. The company’s 50 day moving average is $96.12 and its 200 day moving average is $101.28. The stock has a market capitalization of $2.81 billion, a price-to-earnings ratio of 23.62 and a beta of 0.57.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 5th. Shareholders of record on Tuesday, August 22nd will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.67%. The ex-dividend date of this dividend is Friday, August 18th. Jack In The Box’s payout ratio is 39.51%.
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In other Jack In The Box news, EVP Phillip H. Rudolph sold 6,908 shares of the company’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $103.64, for a total transaction of $715,945.12. Following the completion of the sale, the executive vice president now owns 99,261 shares in the company, valued at approximately $10,287,410.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.10% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Glen Harbor Capital Management LLC raised its position in shares of Jack In The Box by 1.4% in the first quarter. Glen Harbor Capital Management LLC now owns 1,152 shares of the restaurant operator’s stock valued at $117,000 after buying an additional 16 shares during the period. Tyers Asset Management LLC raised its position in shares of Jack In The Box by 1.4% in the first quarter. Tyers Asset Management LLC now owns 1,584 shares of the restaurant operator’s stock valued at $161,000 after buying an additional 22 shares during the period. Flinton Capital Management LLC raised its position in shares of Jack In The Box by 1.4% in the first quarter. Flinton Capital Management LLC now owns 2,016 shares of the restaurant operator’s stock valued at $205,000 after buying an additional 28 shares during the period. Neuburgh Advisers LLC raised its position in shares of Jack In The Box by 1.4% in the first quarter. Neuburgh Advisers LLC now owns 2,448 shares of the restaurant operator’s stock valued at $249,000 after buying an additional 34 shares during the period. Finally, Janney Montgomery Scott LLC raised its position in shares of Jack In The Box by 2.6% in the first quarter. Janney Montgomery Scott LLC now owns 2,626 shares of the restaurant operator’s stock valued at $267,000 after buying an additional 67 shares during the period. 93.90% of the stock is owned by institutional investors.
Jack In The Box Company Profile
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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