Jack in the Box Inc. Expected to Post Q1 2019 Earnings of $1.31 Per Share (JACK)

Jack in the Box Inc. (NASDAQ:JACK) – Jefferies Financial Group issued their Q1 2019 earnings per share (EPS) estimates for Jack in the Box in a report issued on Tuesday, November 20th. Jefferies Financial Group analyst A. Slagle expects that the restaurant operator will post earnings of $1.31 per share for the quarter. Jefferies Financial Group currently has a “Hold” rating and a $95.00 price target on the stock. Jefferies Financial Group also issued estimates for Jack in the Box’s Q2 2019 earnings at $0.95 EPS, Q3 2019 earnings at $1.11 EPS, Q4 2019 earnings at $0.94 EPS, FY2019 earnings at $4.30 EPS and FY2020 earnings at $4.70 EPS.

Jack in the Box (NASDAQ:JACK) last released its earnings results on Monday, November 19th. The restaurant operator reported $0.77 EPS for the quarter, missing the Zacks’ 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 analyst estimates of $175.26 million. During the same period last year, the firm earned $0.73 EPS. The company’s revenue for the quarter was down 23.5% compared to the same quarter last year.

A number of other research analysts also recently issued reports on the company. Stifel Nicolaus reissued a “hold” rating on shares of Jack in the Box in a report on Wednesday. BidaskClub raised Jack in the Box from a “sell” rating to a “hold” rating in a report on Wednesday. ValuEngine raised Jack in the Box from a “sell” rating to a “hold” rating in a report on Monday, November 12th. OTR Global raised Jack in the Box to a “positive” rating in a report on Friday, November 2nd. Finally, Wedbush downgraded Jack in the Box from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $115.00 to $80.00 in a report on Friday, October 26th. Twelve analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $96.92.

Shares of NASDAQ:JACK opened at $87.61 on Thursday. Jack in the Box has a 12-month low of $75.09 and a 12-month high of $108.55. The company has a market capitalization of $2.34 billion, a price-to-earnings ratio of 23.12, a P/E/G ratio of 1.51 and a beta of 0.52.

Hedge funds have recently made changes to their positions in the company. Kepos Capital LP purchased a new stake in shares of Jack in the Box during the third quarter worth approximately $6,393,000. Neuberger Berman Group LLC purchased a new stake in shares of Jack in the Box during the third quarter worth approximately $10,168,000. Macquarie Group Ltd. increased its position 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 purchasing an additional 123,630 shares in the last quarter. MetLife Investment Advisors LLC increased its position 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 purchasing an additional 4,018 shares in the last quarter. Finally, Tyvor Capital LLC increased its position in shares of Jack in the Box by 166.4% during the third quarter. Tyvor Capital LLC now owns 302,645 shares of the restaurant operator’s stock worth $25,371,000 after purchasing an additional 189,028 shares in the last quarter. 97.76% of the stock is owned by institutional investors and hedge funds.

In other news, Director David Goebel sold 1,849 shares of the company’s stock in a transaction that occurred on Monday, September 24th. The stock was sold at an average price of $83.58, for a total transaction of $154,539.42. Following the completion of the transaction, the director now directly owns 18,396 shares of the company’s stock, valued at approximately $1,537,537.68. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 2.60% of the company’s stock.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 18th. Stockholders of record on Wednesday, December 5th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend is Tuesday, December 4th. Jack in the Box’s payout ratio is 42.22%.

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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