Jack in the Box (NASDAQ:JACK) Issues Quarterly Earnings Results

Jack in the Box (NASDAQ:JACK) posted its quarterly earnings data on Monday. The restaurant operator reported $1.75 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.74 by $0.01, MarketWatch Earnings reports. Jack in the Box had a negative return on equity of 20.52% and a net margin of 14.69%. The firm had revenue of $278.50 million during the quarter, compared to the consensus estimate of $288.76 million. During the same period in the prior year, the business earned $1.61 EPS. The firm’s revenue was up 9.0% compared to the same quarter last year.

Shares of Jack in the Box stock traded down $3.30 during trading hours on Wednesday, reaching $89.70. 13,770 shares of the company’s stock were exchanged, compared to its average volume of 342,060. Jack in the Box has a 52-week low of $87.71 and a 52-week high of $124.53. The firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of 12.43, a price-to-earnings-growth ratio of 0.79 and a beta of 1.76. The company has a fifty day moving average of $99.28 and a 200-day moving average of $106.56.

Several institutional investors have recently modified their holdings of the business. Janus Henderson Group PLC purchased a new position in shares of Jack in the Box during the 3rd quarter worth $224,000. Morgan Stanley raised its position in shares of Jack in the Box by 4.1% in the 2nd quarter. Morgan Stanley now owns 70,435 shares of the restaurant operator’s stock worth $7,849,000 after buying an additional 2,774 shares during the period. Finally, UBS Group AG raised its position in shares of Jack in the Box by 154.2% in the 3rd quarter. UBS Group AG now owns 33,923 shares of the restaurant operator’s stock worth $3,301,000 after buying an additional 96,534 shares during the period. 98.87% of the stock is currently owned by institutional investors.

JACK has been the topic of several recent analyst reports. The Goldman Sachs Group dropped their target price on Jack in the Box from $134.00 to $118.00 and set a “buy” rating on the stock in a research report on Wednesday. Wedbush lowered their price target on Jack in the Box from $117.00 to $110.00 and set an “outperform” rating on the stock in a report on Wednesday. They noted that the move was a valuation call. Credit Suisse Group lowered their price target on Jack in the Box from $102.00 to $99.00 and set an “underperform” rating on the stock in a report on Wednesday. Robert W. Baird lowered their price target on Jack in the Box from $110.00 to $100.00 and set a “neutral” rating on the stock in a report on Wednesday. Finally, Stifel Nicolaus cut Jack in the Box from a “buy” rating to a “hold” rating and lowered their price target for the stock from $130.00 to $100.00 in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $117.17.

About Jack in the Box

Jack in the Box, Inc engages in operating and franchising a chain of quick-service and fast-casual restaurants. It operates through the Jack in the Box Restaurant segments. The Jack in the Box Restaurant segment offers a broad selection of distinctive products including burgers like Jumbo Jack burgers, and product lines such as Buttery Jack burgers including the Brunchfast menu.

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

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