Brokerages predict that Jack in the Box Inc. (NASDAQ:JACK) will report sales of $248.72 million for the current fiscal quarter, Zacks reports. Nine analysts have issued estimates for Jack in the Box’s earnings. The lowest sales estimate is $240.93 million and the highest is $252.86 million. Jack in the Box reported sales of $216.16 million in the same quarter last year, which indicates a positive year-over-year growth rate of 15.1%. The business is scheduled to announce its next earnings report after the market closes on Wednesday, May 12th.
According to Zacks, analysts expect that Jack in the Box will report full-year sales of $1.12 billion for the current financial year, with estimates ranging from $1.10 billion to $1.14 billion. For the next fiscal year, analysts forecast that the firm will report sales of $1.11 billion, with estimates ranging from $1.07 billion to $1.15 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Jack in the Box.
Jack in the Box (NASDAQ:JACK) last posted its quarterly earnings results on Wednesday, February 17th. The restaurant operator reported $2.16 EPS for the quarter, topping the consensus estimate of $1.75 by $0.41. The company had revenue of $338.54 million during the quarter, compared to analysts’ expectations of $335.51 million. Jack in the Box had a net margin of 8.79% and a negative return on equity of 12.94%.
JACK traded up $0.10 during trading on Thursday, reaching $121.41. The company’s stock had a trading volume of 206,154 shares, compared to its average volume of 385,692. Jack in the Box has a 52-week low of $57.87 and a 52-week high of $121.91. The company has a market capitalization of $2.77 billion, a price-to-earnings ratio of 31.21, a price-to-earnings-growth ratio of 1.61 and a beta of 1.67. The company’s fifty day moving average price is $115.11 and its 200-day moving average price is $99.04.
The company also recently declared a quarterly dividend, which was paid on Tuesday, March 16th. Stockholders of record on Wednesday, March 3rd were given a dividend of $0.40 per share. The ex-dividend date was Tuesday, March 2nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.32%. Jack in the Box’s dividend payout ratio is 34.41%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JACK. BlackRock Inc. grew its stake in Jack in the Box by 5.1% in the fourth quarter. BlackRock Inc. now owns 2,764,378 shares of the restaurant operator’s stock valued at $256,536,000 after purchasing an additional 135,050 shares in the last quarter. Wells Fargo & Company MN increased its stake in Jack in the Box by 13.0% during the 4th quarter. Wells Fargo & Company MN now owns 1,116,978 shares of the restaurant operator’s stock worth $103,654,000 after acquiring an additional 128,358 shares during the period. Jennison Associates LLC grew its stake in Jack in the Box by 5.8% during the fourth quarter. Jennison Associates LLC now owns 745,582 shares of the restaurant operator’s stock worth $69,190,000 after buying an additional 41,110 shares in the last quarter. Emerald Advisers LLC increased its stake in shares of Jack in the Box by 0.6% in the 4th quarter. Emerald Advisers LLC now owns 410,115 shares of the restaurant operator’s stock valued at $38,059,000 after purchasing an additional 2,445 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust lifted its stake in shares of Jack in the Box by 1.5% in the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 386,119 shares of the restaurant operator’s stock valued at $42,388,000 after acquiring an additional 5,770 shares during 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 September 27, 2020, it operated and franchised 2,241 Jack in the Box quick-service restaurants primarily in the western and southern United States, including one in Guam. The company was founded in 1951 and is headquartered in San Diego, California.
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