Jack In The Box (NASDAQ:JACK) Issues Earnings Results, Misses Expectations By $0.12 EPS

Jack In The Box (NASDAQ:JACK) posted its earnings results on Wednesday. The restaurant operator reported $1.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.12 by ($0.12), FiscalAI reports. Jack In The Box had a negative return on equity of 9.23% and a negative net margin of 5.51%.The business had revenue of $349.52 million during the quarter, compared to the consensus estimate of $355.73 million.

Jack In The Box Stock Performance

Shares of JACK traded up $0.67 during mid-day trading on Wednesday, reaching $22.01. The company had a trading volume of 574,205 shares, compared to its average volume of 502,900. The company has a market capitalization of $420.39 million, a price-to-earnings ratio of -5.15, a price-to-earnings-growth ratio of 1.05 and a beta of 1.14. The firm has a 50-day moving average price of $20.80 and a 200 day moving average price of $19.13. Jack In The Box has a 52 week low of $13.99 and a 52 week high of $41.09.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on JACK. Truist Financial raised their price target on Jack In The Box from $16.00 to $18.00 and gave the stock a “hold” rating in a research note on Thursday, January 8th. Sanford C. Bernstein set a $20.00 target price on shares of Jack In The Box in a research report on Wednesday, January 7th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $25.00 target price on shares of Jack In The Box in a research note on Tuesday, December 9th. UBS Group increased their price target on shares of Jack In The Box from $17.00 to $21.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 6th. Finally, TD Cowen set a $16.00 price objective on shares of Jack In The Box in a report on Thursday, November 20th. Five investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $25.60.

Insider Buying and Selling at Jack In The Box

In other Jack In The Box news, SVP Steven Piano sold 1,491 shares of the business’s stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $19.08, for a total value of $28,448.28. Following the sale, the senior vice president directly owned 27,053 shares of the company’s stock, valued at approximately $516,171.24. The trade was a 5.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Richard D. Cook sold 1,787 shares of the firm’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $19.08, for a total value of $34,095.96. Following the transaction, the senior vice president owned 27,193 shares of the company’s stock, valued at $518,842.44. The trade was a 6.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 12,462 shares of company stock valued at $247,352 in the last ninety days. Corporate insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. US Bancorp DE grew its holdings in shares of Jack In The Box by 96.7% during the third quarter. US Bancorp DE now owns 1,420 shares of the restaurant operator’s stock valued at $28,000 after buying an additional 698 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Jack In The Box by 3,604.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,852 shares of the restaurant operator’s stock valued at $35,000 after purchasing an additional 1,802 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Jack In The Box by 882.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 3,144 shares of the restaurant operator’s stock worth $62,000 after purchasing an additional 2,824 shares in the last quarter. Inspire Investing LLC purchased a new position in shares of Jack In The Box in the fourth quarter worth $100,000. Finally, Cubist Systematic Strategies LLC lifted its holdings in shares of Jack In The Box by 206.6% during the first quarter. Cubist Systematic Strategies LLC now owns 5,967 shares of the restaurant operator’s stock valued at $162,000 after purchasing an additional 11,567 shares in the last quarter. Institutional investors own 99.79% of the company’s stock.

Jack In The Box Company Profile

Jack in the Box (NASDAQ: JACK) is a publicly traded quick-service restaurant company best known for its Jack in the Box brand of fast-food restaurants. Founded in 1951 by Robert O. Peterson and headquartered in San Diego, California, the company has operated for decades as a franchisor and operator of drive-thru and dine-in restaurants. Its business model combines company-owned locations with franchise arrangements, and the company focuses on building brand recognition through menu innovation, marketing and service convenience.

The company’s core offerings center on a broad fast-food menu that includes hamburgers (notably the Jumbo Jack), tacos, breakfast items, sandwiches, salads, sides and specialty limited-time items.