Jack in the Box Inc. (NASDAQ:JACK) Expected to Post Quarterly Sales of $221.35 Million

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Wall Street analysts expect Jack in the Box Inc. (NASDAQ:JACK) to announce $221.35 million in sales for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for Jack in the Box’s earnings. The lowest sales estimate is $219.77 million and the highest is $223.20 million. Jack in the Box reported sales of $215.73 million in the same quarter last year, which would suggest a positive year over year growth rate of 2.6%. The business is scheduled to issue its next earnings results on Wednesday, May 20th.

According to Zacks, analysts expect that Jack in the Box will report full year sales of $971.56 million for the current financial year, with estimates ranging from $969.60 million to $973.97 million. For the next year, analysts expect that the company will post sales of $1.01 billion, with estimates ranging from $992.37 million to $1.02 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Jack in the Box.

Jack in the Box (NASDAQ:JACK) last released its earnings results on Wednesday, February 19th. The restaurant operator reported $1.17 EPS for the quarter, missing the Zacks’ consensus estimate of $1.38 by ($0.21). The firm had revenue of $307.67 million during the quarter, compared to analysts’ expectations of $296.47 million. Jack in the Box had a net margin of 7.06% and a negative return on equity of 16.70%. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.35 EPS.

A number of research analysts have recently commented on JACK shares. SunTrust Banks raised their target price on Jack in the Box from $98.00 to $100.00 and gave the company a “buy” rating in a research note on Friday. Robert W. Baird cut Jack in the Box from an “outperform” rating to a “neutral” rating and set a $90.00 target price for the company. in a research note on Friday. Wedbush restated a “buy” rating and issued a $100.00 target price on shares of Jack in the Box in a research note on Friday. Oppenheimer raised their target price on Jack in the Box from $92.00 to $96.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Finally, Wells Fargo & Co raised their target price on Jack in the Box from $104.00 to $105.00 and gave the company an “overweight” rating in a research note on Friday. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $93.25.

Shares of JACK traded up $1.72 on Friday, reaching $89.34. The stock had a trading volume of 661,100 shares, compared to its average volume of 431,766. The firm has a market capitalization of $2.05 billion, a price-to-earnings ratio of 33.71, a price-to-earnings-growth ratio of 1.64 and a beta of 0.25. The company has a 50-day simple moving average of $82.77 and a 200-day simple moving average of $83.83. Jack in the Box has a 12-month low of $70.77 and a 12-month high of $93.12.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 17th. Investors of record on Tuesday, March 3rd will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date is Monday, March 2nd. Jack in the Box’s dividend payout ratio (DPR) is presently 36.78%.

In related news, SVP Paul D. Melancon sold 397 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $77.26, for a total transaction of $30,672.22. Following the completion of the transaction, the senior vice president now owns 7,131 shares of the company’s stock, valued at approximately $550,941.06. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Mark H. Blankenship sold 926 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $77.26, for a total value of $71,542.76. Following the transaction, the executive vice president now directly owns 23,769 shares of the company’s stock, valued at approximately $1,836,392.94. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 66,016 shares of company stock valued at $5,260,022. 2.70% of the stock is owned by corporate insiders.

Institutional investors have recently bought and sold shares of the business. Ancora Advisors LLC bought a new stake in shares of Jack in the Box in the 4th quarter worth $27,000. Meeder Asset Management Inc. bought a new stake in shares of Jack in the Box in the 4th quarter worth $71,000. Strs Ohio increased its holdings in shares of Jack in the Box by 100.0% in the 3rd quarter. Strs Ohio now owns 1,000 shares of the restaurant operator’s stock worth $91,000 after purchasing an additional 500 shares in the last quarter. Rockefeller Capital Management L.P. bought a new stake in shares of Jack in the Box in the 4th quarter worth $78,000. Finally, First Mercantile Trust Co. increased its holdings in shares of Jack in the Box by 11.5% in the 3rd quarter. First Mercantile Trust Co. now owns 1,269 shares of the restaurant operator’s stock worth $116,000 after purchasing an additional 131 shares in the last quarter.

Jack in the Box Company Profile

Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants. As of March 19, 2019, it operated and franchised approximately 2,200 Jack in the Box restaurants in 21 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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