Jack in the Box Inc. (NASDAQ:JACK) – Investment analysts at SunTrust Banks issued their Q1 2020 earnings per share (EPS) estimates for Jack in the Box in a note issued to investors on Thursday, August 8th. SunTrust Banks analyst J. Bartlett forecasts that the restaurant operator will earn $1.43 per share for the quarter. SunTrust Banks currently has a “Buy” rating and a $108.00 target price on the stock. SunTrust Banks also issued estimates for Jack in the Box’s Q2 2020 earnings at $0.99 EPS, Q3 2020 earnings at $1.12 EPS and Q4 2020 earnings at $1.01 EPS.
Other equities analysts also recently issued research reports about the company. Wedbush upgraded Jack in the Box from a “neutral” rating to an “outperform” rating and upped their target price for the company from $75.00 to $105.00 in a report on Friday, August 9th. Telsey Advisory Group reiterated an “outperform” rating and issued a $95.00 target price (down previously from $105.00) on shares of Jack in the Box in a report on Tuesday, April 16th. Credit Suisse Group upped their target price on Jack in the Box from $75.00 to $78.00 and gave the company an “underperform” rating in a report on Friday, August 9th. BidaskClub upgraded Jack in the Box from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Robert W. Baird boosted their price target on Jack in the Box from $95.00 to $104.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $91.50.
Jack in the Box (NASDAQ:JACK) last issued its earnings results on Wednesday, August 7th. The restaurant operator reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.08. The company had revenue of $222.36 million for the quarter, compared to the consensus estimate of $220.44 million. Jack in the Box had a negative return on equity of 18.59% and a net margin of 9.78%. The firm’s quarterly revenue was up 18.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.00 EPS.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Monday, August 19th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, August 16th. This represents a $1.60 annualized dividend and a dividend yield of 1.80%. Jack in the Box’s payout ratio is 42.22%.
In related news, EVP Mark H. Blankenship sold 2,413 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $83.69, for a total value of $201,943.97. Following the completion of the sale, the executive vice president now owns 27,097 shares of the company’s stock, valued at approximately $2,267,747.93. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP Carol A. Diraimo sold 590 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $82.02, for a total value 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 disclosure for this sale can be found here. In the last three months, insiders sold 31,807 shares of company stock valued at $2,731,463. 2.30% of the stock is currently owned by company insiders.
A number of institutional investors have recently made changes to their positions in the business. Two Sigma Advisers LP acquired a new position in shares of Jack in the Box in the 4th quarter worth approximately $396,000. Amalgamated Bank increased its stake in 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 buying an additional 304 shares during the period. Norges Bank purchased a new stake in Jack in the Box during the 4th quarter worth approximately $23,325,000. Geode Capital Management LLC increased its stake in Jack in the Box by 3.2% during the 4th quarter. Geode Capital Management LLC now owns 325,737 shares of the restaurant operator’s stock worth $25,286,000 after buying an additional 10,072 shares during the period. Finally, 6 Meridian purchased a new stake in Jack in the Box during the 1st quarter worth approximately $489,000. 95.52% of the stock is owned by hedge funds and other institutional investors.
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.
Recommended Story: Hedge Funds – How They Work For Investors
Receive News & Ratings for Jack in the Box Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jack in the Box and related companies with MarketBeat.com's FREE daily email newsletter.