Jack In The Box (NASDAQ:JACK) Announces Quarterly Earnings Results, Beats Expectations By $0.08 EPS

Jack In The Box (NASDAQ:JACKGet Free Report) announced its quarterly earnings data on Wednesday. The restaurant operator reported $0.96 EPS for the quarter, beating the consensus estimate of $0.88 by $0.08, FiscalAI reports. The company had revenue of $257.66 million for the quarter, compared to the consensus estimate of $264.70 million. Jack In The Box had a net margin of 2.82% and a negative return on equity of 6.34%.

Jack In The Box Stock Up 5.2%

Shares of NASDAQ JACK traded up $0.92 during trading on Wednesday, reaching $18.78. 1,549,462 shares of the company traded hands, compared to its average volume of 841,238. The firm has a 50 day simple moving average of $14.73 and a 200-day simple moving average of $14.61. The stock has a market capitalization of $358.21 million, a PE ratio of 10.15, a P/E/G ratio of 0.98 and a beta of 1.38. Jack In The Box has a 52-week low of $8.91 and a 52-week high of $23.86.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on JACK shares. Barclays dropped their target price on shares of Jack In The Box from $23.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 14th. Mizuho raised their price target on shares of Jack In The Box from $11.00 to $13.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Sanford C. Bernstein set a $15.00 price objective on shares of Jack In The Box in a report on Thursday, May 14th. The Goldman Sachs Group lowered their price objective on Jack In The Box from $17.00 to $12.00 and set a “sell” rating on the stock in a research report on Friday, May 15th. Finally, Stifel Nicolaus increased their target price on Jack In The Box from $10.00 to $15.00 and gave the company a “hold” rating in a research note on Thursday, May 14th. Three investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Jack In The Box presently has a consensus rating of “Hold” and a consensus price target of $15.84.

Check Out Our Latest Research Report on Jack In The Box

Insider Buying and Selling at Jack In The Box

In related news, Director Guillermo Diaz, Jr. acquired 5,962 shares of the firm’s stock in a transaction dated Thursday, May 28th. The stock was purchased at an average cost of $11.51 per share, with a total value of $68,622.62. Following the completion of the acquisition, the director directly owned 20,692 shares of the company’s stock, valued at approximately $238,164.92. This trade represents a 40.48% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Jack In The Box

A number of large investors have recently added to or reduced their stakes in JACK. Marshall Wace LLP increased its position in shares of Jack In The Box by 192.9% during the 3rd quarter. Marshall Wace LLP now owns 744,141 shares of the restaurant operator’s stock valued at $14,712,000 after purchasing an additional 490,071 shares during the last quarter. Windward Management LP purchased a new position in shares of Jack In The Box in the fourth quarter worth approximately $7,394,000. Janus Henderson Group PLC purchased a new position in shares of Jack In The Box in the fourth quarter worth approximately $5,591,000. Nantahala Capital Management LLC boosted its holdings in shares of Jack In The Box by 44.3% in the fourth quarter. Nantahala Capital Management LLC now owns 865,990 shares of the restaurant operator’s stock worth $16,411,000 after buying an additional 265,990 shares during the last quarter. Finally, Readystate Asset Management LP bought a new stake in Jack In The Box during the fourth quarter valued at approximately $4,268,000. Institutional investors own 99.79% of the company’s stock.

Jack In The Box Company Profile

(Get Free Report)

Jack in the Box (NASDAQ: JACK) is a publicly traded quick-service restaurant company best known for its Jack in the Box brand of fast-food restaurants. Founded in 1951 by Robert O. Peterson and headquartered in San Diego, California, the company has operated for decades as a franchisor and operator of drive-thru and dine-in restaurants. Its business model combines company-owned locations with franchise arrangements, and the company focuses on building brand recognition through menu innovation, marketing and service convenience.

The company’s core offerings center on a broad fast-food menu that includes hamburgers (notably the Jumbo Jack), tacos, breakfast items, sandwiches, salads, sides and specialty limited-time items.

See Also

Earnings History for Jack In The Box (NASDAQ:JACK)

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