Jack In The Box Inc. (NASDAQ:JACK) – Equities researchers at Oppenheimer Holdings reduced their FY2017 earnings per share (EPS) estimates for Jack In The Box in a note issued to investors on Monday. Oppenheimer Holdings analyst B. Bittner now forecasts that the restaurant operator will post earnings of $4.05 per share for the year, down from their previous estimate of $4.07. Oppenheimer Holdings has a “Buy” rating and a $125.00 price target on the stock. Oppenheimer Holdings also issued estimates for Jack In The Box’s Q4 2017 earnings at $0.87 EPS.

ILLEGAL ACTIVITY NOTICE: This piece was first posted by Watch List News and is the property of of Watch List News. If you are accessing this piece on another website, it was illegally stolen and republished in violation of international trademark & copyright laws. The legal version of this piece can be viewed at https://www.watchlistnews.com/analysts-set-expectations-for-jack-in-the-box-inc-s-fy2017-earnings-jack/1723207.html.

A number of other brokerages have also recently commented on JACK. Wells Fargo & Company reaffirmed an “outperform” rating and set a $125.00 price target on shares of Jack In The Box in a research report on Thursday, August 3rd. BidaskClub upgraded Jack In The Box from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th. TheStreet lowered Jack In The Box from a “b-” rating to a “c” rating in a research report on Wednesday, August 9th. Stifel Nicolaus began coverage on Jack In The Box in a research report on Monday, October 2nd. They set a “hold” rating and a $105.00 price objective on the stock. Finally, Wedbush lowered Jack In The Box from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $115.00 to $104.00 in a research report on Monday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company. Jack In The Box has a consensus rating of “Buy” and a consensus target price of $112.31.

Jack In The Box (NASDAQ:JACK) opened at $101.33 on Wednesday. The stock has a market capitalization of $2,981.58, a price-to-earnings ratio of 24.24, a price-to-earnings-growth ratio of 1.55 and a beta of 0.52. The company has a debt-to-equity ratio of -2.56, a current ratio of 0.66 and a quick ratio of 0.63. Jack In The Box has a 12 month low of $90.89 and a 12 month high of $113.30.

A number of hedge funds have recently modified their holdings of the stock. Jana Partners LLC acquired a new stake in Jack In The Box during the 3rd quarter worth about $134,200,000. California Public Employees Retirement System raised its position in shares of Jack In The Box by 8.1% during the 3rd quarter. California Public Employees Retirement System now owns 95,093 shares of the restaurant operator’s stock valued at $9,692,000 after buying an additional 7,093 shares during the period. Janus Henderson Group PLC increased its holdings in Jack In The Box by 14.2% in the 3rd quarter. Janus Henderson Group PLC now owns 623,109 shares of the restaurant operator’s stock valued at $63,507,000 after purchasing an additional 77,557 shares during the last quarter. Jane Street Group LLC increased its holdings in Jack In The Box by 124.0% in the 3rd quarter. Jane Street Group LLC now owns 5,132 shares of the restaurant operator’s stock valued at $523,000 after purchasing an additional 26,495 shares during the last quarter. Finally, Vident Investment Advisory LLC acquired a new position in shares of Jack In The Box in the third quarter worth $203,000. Institutional investors own 96.05% of the company’s stock.

In related news, insider Frances L. Allen sold 530 shares of the stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $102.71, for a total value of $54,436.30. Following the transaction, the insider now owns 10,979 shares of the company’s stock, valued at $1,127,653.09. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.10% of the stock is owned by corporate insiders.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Monday, December 4th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, December 1st. This represents a $1.60 annualized dividend and a yield of 1.58%. Jack In The Box’s dividend payout ratio (DPR) is currently 36.70%.

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.

Earnings History and Estimates for Jack In The Box (NASDAQ:JACK)

Receive News & Ratings for Jack In The Box Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jack In The Box Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.