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

by · The Markets Daily

Jack In The Box (NASDAQ:JACKGet Free Report) issued its quarterly earnings data on Wednesday. The restaurant operator reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.08, FiscalAI reports. The firm had revenue of $257.66 million during 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 Trading Up 5.2%

Shares of JACK traded up $0.92 during trading hours on Wednesday, reaching $18.78. 1,549,462 shares of the stock traded hands, compared to its average volume of 841,238. The company has a market cap of $358.21 million, a P/E ratio of 10.15, a price-to-earnings-growth ratio of 0.98 and a beta of 1.38. The company’s 50-day moving average price is $14.73 and its two-hundred day moving average price is $14.61. Jack In The Box has a 52-week low of $8.91 and a 52-week high of $23.86.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Guggenheim cut Jack In The Box from a “buy” rating to a “neutral” rating in a report on Thursday, May 28th. TD Cowen reduced their price target on Jack In The Box from $16.00 to $12.00 and set a “hold” rating for the company in a research report on Tuesday, April 14th. Jefferies Financial Group set a $12.50 price target on Jack In The Box in a research report on Thursday, May 14th. Weiss Ratings raised Jack In The Box from a “sell (e+)” rating to a “sell (d)” rating in a research report on Thursday, May 14th. Finally, Sanford C. Bernstein set a $15.00 price objective on Jack In The Box in a research note on Thursday, May 14th. Three analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Jack In The Box presently has an average rating of “Hold” and a consensus target price of $15.84.

Get Our Latest Analysis on JACK

Insider Transactions at Jack In The Box

In other Jack In The Box news, Director Guillermo Diaz, Jr. purchased 5,962 shares of the firm’s stock in a transaction on Thursday, May 28th. The shares were acquired 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 in the company, valued at $238,164.92. The trade was a 40.48% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.40% of the company’s stock.

Institutional Trading of Jack In The Box

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. US Bancorp DE boosted its stake in Jack In The Box by 96.7% in the 3rd quarter. US Bancorp DE now owns 1,420 shares of the restaurant operator’s stock worth $28,000 after purchasing an additional 698 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in Jack In The Box by 3,604.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,852 shares of the restaurant operator’s stock valued at $35,000 after buying an additional 1,802 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of Jack In The Box by 882.5% during the third quarter. Russell Investments Group Ltd. now owns 3,144 shares of the restaurant operator’s stock valued at $62,000 after buying an additional 2,824 shares during the last quarter. Inspire Investing LLC bought a new stake in shares of Jack In The Box during the fourth quarter valued at approximately $100,000. Finally, Cubist Systematic Strategies LLC lifted its holdings in shares of Jack In The Box by 206.6% in the first quarter. Cubist Systematic Strategies LLC now owns 5,967 shares of the restaurant operator’s stock worth $162,000 after buying an additional 11,567 shares in the last quarter. Institutional investors own 99.79% of the company’s stock.

Jack In The Box Company Profile

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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.

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