Jack In The Box Inc. (NASDAQ:JACK) – Research analysts at KeyCorp decreased their Q4 2016 earnings per share estimates for shares of Jack In The Box in a research report issued on Thursday. KeyCorp analyst C. O’cull now expects that the firm will earn $0.88 per share for the quarter, down from their previous estimate of $0.91. KeyCorp also issued estimates for Jack In The Box’s Q1 2017 earnings at $1.20 EPS, Q2 2017 earnings at $1.12 EPS, Q3 2017 earnings at $1.36 EPS, Q4 2017 earnings at $1.12 EPS, FY2017 earnings at $4.80 EPS and FY2018 earnings at $5.40 EPS.

Jack In The Box (NASDAQ:JACK) last posted its earnings results on Wednesday, August 3rd. The company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.20. The firm earned $368.94 million during the quarter, compared to analysts’ expectations of $367.52 million. Jack In The Box had a negative return on equity of 120.29% and a net margin of 7.41%. The firm’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.76 earnings per share.

JACK has been the subject of a number of other research reports. Vetr lowered Jack In The Box from a “strong-buy” rating to a “buy” rating and set a $84.69 price objective for the company. in a research note on Wednesday, May 25th. Robert W. Baird restated an “outperform” rating on shares of Jack In The Box in a research note on Thursday, September 8th. Telsey Advisory Group lowered their price objective on Jack In The Box from $105.00 to $85.00 and set an “outperform” rating for the company in a research note on Wednesday, July 13th. Oppenheimer Holdings Inc. raised their price objective on Jack In The Box from $86.00 to $91.00 and gave the company an “outperform” rating in a research note on Thursday, May 26th. Finally, Wells Fargo & Co. restated an “outperform” rating and set a $90.50 price objective (up previously from $82.50) on shares of Jack In The Box in a research note on Thursday, August 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $99.11.

Shares of Jack In The Box (NASDAQ:JACK) opened at 99.09 on Monday. The company’s 50-day moving average price is $97.82 and its 200 day moving average price is $81.58. Jack In The Box has a 1-year low of $61.78 and a 1-year high of $102.63. The stock has a market cap of $3.24 billion, a PE ratio of 30.14 and a beta of 0.45.

The firm also recently announced a quarterly dividend, which was paid on Monday, August 29th. Shareholders of record on Tuesday, August 16th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend was Friday, August 12th. Jack In The Box’s payout ratio is currently 36.36%.

In other news, insider Keith M. Guilbault sold 1,925 shares of Jack In The Box stock in a transaction on Monday, August 8th. The stock was sold at an average price of $96.59, for a total transaction of $185,935.75. Following the transaction, the insider now directly owns 16,521 shares in the company, valued at approximately $1,595,763.39. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Leonard A. Comma sold 67,572 shares of Jack In The Box stock in a transaction on Tuesday, September 13th. The shares were sold at an average price of $96.68, for a total value of $6,532,860.96. Following the transaction, the chief executive officer now owns 164,710 shares in the company, valued at $15,924,162.80. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.

Several institutional investors have recently modified their holdings of the stock. Seven Eight Capital LLC boosted its position in shares of Jack In The Box by 125.0% in the second quarter. Seven Eight Capital LLC now owns 1,800 shares of the company’s stock valued at $155,000 after buying an additional 1,000 shares during the period. LS Investment Advisors LLC boosted its position in shares of Jack In The Box by 58.9% in the second quarter. LS Investment Advisors LLC now owns 1,992 shares of the company’s stock valued at $171,000 after buying an additional 738 shares during the period. Mount Lucas Management LP boosted its position in shares of Jack In The Box by 10.8% in the first quarter. Mount Lucas Management LP now owns 3,208 shares of the company’s stock valued at $205,000 after buying an additional 312 shares during the period. Capstone Asset Management Co. purchased a new position in shares of Jack In The Box during the second quarter valued at about $224,000. Finally, Pacer Advisors Inc. purchased a new position in shares of Jack In The Box during the second quarter valued at about $229,000. Institutional investors own 98.86% of the company’s stock.

About Jack In The Box

Jack in the Box Inc is a restaurant company. The Company operates and franchises approximately 2,910 Jack in the Box quick-service restaurants (QSR) and Qdoba Mexican Eats fast-casual restaurants (Qdoba). Its segments are Jack in the Box and Qdoba Restaurant operations. It operates and franchises approximately 2,250 Jack in the Box restaurants, primarily in the western and southern United States, including one in Guam, over 660 Qdoba restaurants across the United States, and approximately four in Canada.

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