Jack in the Box (NASDAQ:JACK) posted its quarterly earnings data on Monday. The restaurant operator reported $0.77 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by ($0.08), Bloomberg Earnings reports. Jack in the Box had a net margin of 13.96% and a negative return on equity of 25.37%. The company had revenue of $177.47 million for the quarter, compared to analyst estimates of $175.26 million. During the same quarter last year, the company earned $0.73 EPS. The business’s revenue was down 23.5% compared to the same quarter last year.

Shares of NASDAQ JACK opened at $84.61 on Wednesday. The company has a market capitalization of $2.17 billion, a P/E ratio of 22.32, a PEG ratio of 1.36 and a beta of 0.52. Jack in the Box has a 52 week low of $75.09 and a 52 week high of $108.55.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 18th. Investors of record on Wednesday, December 5th will be given a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, December 4th. This represents a $1.60 dividend on an annualized basis and a yield of 1.89%. Jack in the Box’s dividend payout ratio is currently 42.22%.

In related news, Director David Goebel sold 1,849 shares of the company’s stock in a transaction that occurred on Monday, September 24th. The stock was sold at an average price of $83.58, for a total value of $154,539.42. Following the sale, the director now owns 18,396 shares in the company, valued at $1,537,537.68. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.60% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in JACK. Wells Fargo & Company MN boosted its position in Jack in the Box by 160.3% in the 2nd quarter. Wells Fargo & Company MN now owns 319,918 shares of the restaurant operator’s stock worth $27,231,000 after purchasing an additional 850,593 shares in the last quarter. Victory Capital Management Inc. boosted its position in Jack in the Box by 111.1% in the 3rd quarter. Victory Capital Management Inc. now owns 552,731 shares of the restaurant operator’s stock worth $46,336,000 after purchasing an additional 290,870 shares in the last quarter. OppenheimerFunds Inc. boosted its position in Jack in the Box by 5,145.8% in the 2nd quarter. OppenheimerFunds Inc. now owns 264,703 shares of the restaurant operator’s stock worth $22,531,000 after purchasing an additional 259,657 shares in the last quarter. Point72 Asset Management L.P. boosted its position in Jack in the Box by 2,110.8% in the 2nd quarter. Point72 Asset Management L.P. now owns 252,032 shares of the restaurant operator’s stock worth $21,453,000 after purchasing an additional 240,632 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D purchased a new stake in Jack in the Box in the 2nd quarter worth approximately $17,625,000. Institutional investors and hedge funds own 97.76% of the company’s stock.

Several equities analysts have recently issued reports on the stock. BidaskClub upgraded shares of Jack in the Box from a “sell” rating to a “hold” rating in a report on Wednesday. ValuEngine upgraded Jack in the Box from a “sell” rating to a “hold” rating in a research report on Monday, November 12th. Cowen reiterated a “hold” rating and issued a $94.00 target price on shares of Jack in the Box in a research report on Thursday, August 9th. Wedbush lowered Jack in the Box from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $115.00 to $80.00 in a research report on Friday, October 26th. Finally, OTR Global upgraded Jack in the Box to a “positive” rating in a research report on Friday, November 2nd. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $97.33.

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

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