Analysts Set Expectations for Jack In The Box Inc.’s FY2017 Earnings (JACK)
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.
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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.
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