Q3 2019 EPS Estimates for Jack in the Box Inc. Lifted by Oppenheimer (JACK)

Jack in the Box Inc. (NASDAQ:JACK) – Equities researchers at Oppenheimer boosted their Q3 2019 earnings per share estimates for Jack in the Box in a research report issued to clients and investors on Wednesday, January 9th. Oppenheimer analyst B. Bittner now forecasts that the restaurant operator will earn $1.10 per share for the quarter, up from their prior estimate of $1.08. Oppenheimer also issued estimates for Jack in the Box’s Q4 2019 earnings at $1.05 EPS.

Jack in the Box (NASDAQ:JACK) last posted its quarterly earnings data on Monday, November 19th. The restaurant operator reported $0.77 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by ($0.08). Jack in the Box had a negative return on equity of 23.22% and a net margin of 13.96%. The firm had revenue of $177.47 million for the quarter, compared to analysts’ expectations of $175.26 million. During the same quarter last year, the firm posted $0.73 earnings per share. Jack in the Box’s quarterly revenue was down 23.5% on a year-over-year basis.

JACK has been the subject of a number of other reports. Morgan Stanley dropped their price target on Jack in the Box from $96.00 to $91.00 and set an “equal weight” rating for the company in a research report on Thursday, October 18th. BidaskClub cut Jack in the Box from a “hold” rating to a “sell” rating in a report on Saturday, September 15th. Gordon Haskett started coverage on Jack in the Box in a report on Thursday, October 18th. They issued a “hold” rating and a $84.00 price objective on the stock. Wedbush reiterated a “buy” rating and issued a $115.00 price objective on shares of Jack in the Box in a report on Thursday, October 4th. Finally, Cowen reiterated a “hold” rating and issued a $81.00 price objective on shares of Jack in the Box in a report on Friday, November 30th. One analyst has rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $94.09.

NASDAQ:JACK opened at $80.88 on Friday. Jack in the Box has a 12 month low of $74.19 and a 12 month high of $97.15. The company has a market cap of $2.09 billion, a price-to-earnings ratio of 21.34, a PEG ratio of 1.60 and a beta of 0.62.

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 18th. Shareholders of record on Wednesday, December 5th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date was Tuesday, December 4th. Jack in the Box’s dividend payout ratio (DPR) is 42.22%.

In other news, EVP Mark H. Blankenship sold 1,170 shares of the stock in a transaction on Friday, November 30th. The stock was sold at an average price of $87.66, for a total value of $102,562.20. Following the sale, the executive vice president now directly owns 28,204 shares in the company, valued at $2,472,362.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Leonard A. Comma sold 1,615 shares of the stock in a transaction on Friday, December 21st. The shares were sold at an average price of $77.44, for a total value of $125,065.60. Following the completion of the sale, the chief executive officer now owns 207,552 shares in the company, valued at $16,072,826.88. The disclosure for this sale can be found here. Insiders have sold 15,563 shares of company stock worth $1,344,242 over the last 90 days. 2.60% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Marshall Wace LLP boosted its stake in shares of Jack in the Box by 855.6% during the third quarter. Marshall Wace LLP now owns 566,255 shares of the restaurant operator’s stock worth $47,469,000 after buying an additional 507,000 shares during the period. Kepos Capital LP acquired a new stake in shares of Jack in the Box during the third quarter worth about $6,393,000. Neuberger Berman Group LLC acquired a new stake in shares of Jack in the Box during the third quarter worth about $10,168,000. Macquarie Group Ltd. boosted its stake in shares of Jack in the Box by 24.3% during the third quarter. Macquarie Group Ltd. now owns 633,009 shares of the restaurant operator’s stock worth $53,065,000 after buying an additional 123,630 shares during the period. Finally, MetLife Investment Advisors LLC boosted its stake in shares of Jack in the Box by 12.8% during the third quarter. MetLife Investment Advisors LLC now owns 35,413 shares of the restaurant operator’s stock worth $2,969,000 after buying an additional 4,018 shares during the period. Institutional investors and hedge funds own 94.83% of the company’s stock.

Jack in the Box Company Profile

Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants. As of April 15, 2018, it operated and franchised 2,245 Jack in the Box restaurants primarily in the western and southern United States and Guam. The company was founded in 1951 and is headquartered in San Diego, California.

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Earnings History and Estimates for Jack in the Box (NASDAQ:JACK)

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