Brokerages Anticipate Jack in the Box Inc. (NASDAQ:JACK) Will Announce Quarterly Sales of $219.27 Million

Equities research analysts expect Jack in the Box Inc. (NASDAQ:JACK) to post sales of $219.27 million for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have made estimates for Jack in the Box’s earnings, with the highest sales estimate coming in at $222.18 million and the lowest estimate coming in at $216.57 million. Jack in the Box posted sales of $187.98 million in the same quarter last year, which would indicate a positive year over year growth rate of 16.6%. The company is scheduled to announce its next earnings results after the market closes on Wednesday, August 7th.

On average, analysts expect that Jack in the Box will report full-year sales of $943.74 million for the current year, with estimates ranging from $938.47 million to $948.50 million. For the next financial year, analysts expect that the firm will report sales of $963.83 million, with estimates ranging from $953.78 million to $976.00 million. Zacks’ sales averages are an average based on a survey of analysts that cover Jack in the Box.

Jack in the Box (NASDAQ:JACK) last posted its quarterly earnings results on Wednesday, May 15th. The restaurant operator reported $0.99 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate 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 during the quarter, compared to analysts’ expectations of $217.99 million. During the same quarter last year, the company posted $0.80 earnings per share. The business’s quarterly revenue was up 2.8% on a year-over-year basis.

JACK has been the topic of a number of research analyst reports. Goldman Sachs Group assumed coverage on shares of Jack in the Box in a research note on Monday. They issued a “sell” rating and a $69.00 price target on the stock. BidaskClub cut shares of Jack in the Box from a “sell” rating to a “strong sell” rating in a report on Saturday, July 13th. Telsey Advisory Group restated an “outperform” rating and issued a $95.00 price objective (down previously from $105.00) on shares of Jack in the Box in a report on Tuesday, April 16th. Morgan Stanley assumed coverage on shares of Jack in the Box in a report on Tuesday, May 21st. They issued an “equal weight” rating and a $87.00 price objective for the company. Finally, Cowen restated a “hold” rating on shares of Jack in the Box in a report on Thursday, May 16th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $89.08.

In other Jack in the Box news, VP Carol A. Diraimo sold 590 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $82.02, for a total transaction of $48,391.80. Following the completion of the transaction, the vice president now owns 17,588 shares in the company, valued at approximately $1,442,567.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Phillip H. Rudolph sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $82.00, for a total transaction of $164,000.00. Following the transaction, the executive vice president now owns 99,357 shares of the company’s stock, valued at approximately $8,147,274. The disclosure for this sale can be found here. Insiders have sold a total of 5,267 shares of company stock valued at $436,103 in the last quarter. 2.30% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. First Trust Advisors LP bought a new stake in Jack in the Box in the 4th quarter worth approximately $201,000. Great West Life Assurance Co. Can grew its position in Jack in the Box by 1.4% in the 4th quarter. Great West Life Assurance Co. Can now owns 16,650 shares of the restaurant operator’s stock worth $1,200,000 after purchasing an additional 236 shares during the period. Hsbc Holdings PLC grew its position in Jack in the Box by 11.0% in the 4th quarter. Hsbc Holdings PLC now owns 3,317 shares of the restaurant operator’s stock worth $257,000 after purchasing an additional 330 shares during the period. California State Teachers Retirement System grew its position in Jack in the Box by 2.4% in the 4th quarter. California State Teachers Retirement System now owns 42,593 shares of the restaurant operator’s stock worth $3,306,000 after purchasing an additional 989 shares during the period. Finally, Geode Capital Management LLC grew its position in Jack in the Box by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 325,737 shares of the restaurant operator’s stock worth $25,286,000 after purchasing an additional 10,072 shares during the period. Institutional investors own 95.52% of the company’s stock.

Shares of Jack in the Box stock traded up $0.87 on Friday, reaching $72.70. The company had a trading volume of 692,100 shares, compared to its average volume of 546,733. The business has a 50 day simple moving average of $80.08. The stock has a market cap of $1.85 billion, a price-to-earnings ratio of 19.18, a PEG ratio of 1.35 and a beta of 0.32. Jack in the Box has a 52-week low of $70.92 and a 52-week high of $93.98.

Jack in the Box Company Profile

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.

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Earnings History and Estimates for Jack in the Box (NASDAQ:JACK)

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