Jack in the Box Inc. (NASDAQ:JACK) – Research analysts at Jefferies Financial Group reduced their Q4 2019 earnings estimates for Jack in the Box in a report issued on Thursday, May 16th. Jefferies Financial Group analyst A. Slagle now expects that the restaurant operator will post earnings of $0.90 per share for the quarter, down from their previous forecast of $0.92.
Jack in the Box (NASDAQ:JACK) last posted its earnings results on Wednesday, May 15th. The restaurant operator reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.06. Jack in the Box had a net margin of 13.85% and a negative return on equity of 19.41%. The business had revenue of $215.73 million for the quarter, compared to the consensus estimate of $217.99 million. During the same quarter last year, the firm posted $0.80 EPS. The company’s revenue for the quarter was up 2.8% on a year-over-year basis.
Shares of Jack in the Box stock opened at $82.17 on Monday. The company has a market capitalization of $2.12 billion, a PE ratio of 21.68, a PEG ratio of 1.60 and a beta of 0.51. Jack in the Box has a 52-week low of $74.19 and a 52-week high of $93.98.
A number of institutional investors have recently bought and sold shares of JACK. JNBA Financial Advisors bought a new stake in Jack in the Box during the fourth quarter worth about $31,000. JPMorgan Chase & Co. boosted its stake in shares of Jack in the Box by 275.0% in the third quarter. JPMorgan Chase & Co. now owns 148,961 shares of the restaurant operator’s stock valued at $12,488,000 after buying an additional 109,235 shares during the period. Metropolitan Life Insurance Co. NY boosted its stake in shares of Jack in the Box by 72.3% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 15,434 shares of the restaurant operator’s stock valued at $1,198,000 after buying an additional 6,474 shares during the period. Emerald Advisers LLC lifted its stake in Jack in the Box by 1.0% during the fourth quarter. Emerald Advisers LLC now owns 170,875 shares of the restaurant operator’s stock worth $13,265,000 after purchasing an additional 1,644 shares during the last quarter. Finally, SG Americas Securities LLC lifted its stake in Jack in the Box by 76.6% during the fourth quarter. SG Americas Securities LLC now owns 55,612 shares of the restaurant operator’s stock worth $4,317,000 after purchasing an additional 24,128 shares during the last quarter. Hedge funds and other institutional investors own 95.52% of the company’s stock.
In other news, CFO Lance F. Tucker sold 517 shares of Jack in the Box stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $81.26, for a total transaction of $42,011.42. Following the completion of the transaction, the chief financial officer now owns 19,004 shares of the company’s stock, valued at approximately $1,544,265.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last three months, insiders sold 1,113 shares of company stock valued at $89,004. 2.30% of the stock is owned by corporate insiders.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Wednesday, May 29th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date is Tuesday, May 28th. Jack in the Box’s dividend payout ratio (DPR) is currently 42.22%.
About Jack in the Box
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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