Jack in the Box Inc. (NASDAQ:JACK) Expected to Post Quarterly Sales of $219.27 Million

Equities analysts predict that Jack in the Box Inc. (NASDAQ:JACK) will post sales of $219.27 million for the current quarter, according to Zacks. Seven analysts have issued estimates for Jack in the Box’s earnings, with the highest sales estimate coming in at $222.18 million and the lowest estimate coming in at $216.57 million. Jack in the Box posted sales of $187.98 million during the same quarter last year, which would indicate a positive year over year growth rate of 16.6%. The business is scheduled to report its next quarterly earnings results on Wednesday, August 14th.

On average, analysts expect that Jack in the Box will report full year sales of $943.74 million for the current financial year, with estimates ranging from $938.47 million to $948.50 million. For the next fiscal year, analysts expect that the business will report sales of $964.38 million, with estimates ranging from $953.78 million to $976.00 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Jack in the Box.

Jack in the Box (NASDAQ:JACK) last announced its quarterly earnings results on Wednesday, May 15th. The restaurant operator reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.06. The company had revenue of $215.73 million for the quarter, compared to analysts’ expectations of $217.99 million. Jack in the Box had a net margin of 13.85% and a negative return on equity of 19.41%. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period last year, the firm posted $0.80 earnings per share.

JACK has been the topic of several research reports. BidaskClub cut shares of Jack in the Box from a “hold” rating to a “sell” rating in a research report on Tuesday, March 12th. Credit Suisse Group initiated coverage on shares of Jack in the Box in a research report on Tuesday, June 25th. They issued an “underperform” rating and a $75.00 price objective on the stock. Morgan Stanley initiated coverage on shares of Jack in the Box in a research report on Tuesday, May 21st. They issued an “equal weight” rating and a $87.00 price objective on the stock. Gordon Haskett raised shares of Jack in the Box from a “hold” rating to a “buy” rating in a research report on Wednesday, March 27th. Finally, ValuEngine raised shares of Jack in the Box from a “sell” rating to a “hold” rating in a research report on Monday, May 13th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $90.91.

JACK opened at $81.33 on Thursday. The company has a market cap of $2.10 billion, a PE ratio of 21.46, a P/E/G ratio of 1.48 and a beta of 0.32. Jack in the Box has a 12 month low of $74.19 and a 12 month high of $93.98. The company has a fifty day moving average of $83.11.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Wednesday, May 29th were given a dividend of $0.40 per share. The ex-dividend date was Tuesday, May 28th. This represents a $1.60 annualized dividend and a yield of 1.97%. Jack in the Box’s dividend payout ratio (DPR) is presently 42.22%.

In other Jack in the Box news, VP Carol A. Diraimo sold 590 shares of the business’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $82.02, for a total transaction of $48,391.80. Following the sale, the vice president now directly owns 17,588 shares of the company’s stock, valued at approximately $1,442,567.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Mark H. Blankenship sold 2,413 shares of the business’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $83.69, for a total transaction of $201,943.97. Following the sale, the executive vice president now directly owns 27,097 shares in the company, valued at $2,267,747.93. The disclosure for this sale can be found here. Insiders have sold a total of 3,267 shares of company stock worth $272,103 over the last three months. Insiders own 2.30% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Retirement Systems of Alabama increased its stake in shares of Jack in the Box by 0.6% during the 1st quarter. Retirement Systems of Alabama now owns 33,596 shares of the restaurant operator’s stock worth $2,723,000 after purchasing an additional 201 shares during the last quarter. Great West Life Assurance Co. Can increased its stake in shares of Jack in the Box by 1.4% during the 4th quarter. Great West Life Assurance Co. Can now owns 16,650 shares of the restaurant operator’s stock worth $1,200,000 after purchasing an additional 236 shares during the last quarter. Mason Street Advisors LLC increased its stake in shares of Jack in the Box by 1.8% during the 1st quarter. Mason Street Advisors LLC now owns 13,723 shares of the restaurant operator’s stock worth $1,112,000 after purchasing an additional 239 shares during the last quarter. Amalgamated Bank increased its stake in shares of Jack in the Box by 8.4% during the 4th quarter. Amalgamated Bank now owns 3,941 shares of the restaurant operator’s stock worth $306,000 after purchasing an additional 304 shares during the last quarter. Finally, Hsbc Holdings PLC increased its stake in shares of Jack in the Box by 11.0% during the 4th quarter. Hsbc Holdings PLC now owns 3,317 shares of the restaurant operator’s stock worth $257,000 after purchasing an additional 330 shares during the last quarter. Institutional investors own 95.52% of the company’s stock.

About Jack in the Box

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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