Jack in the Box (NASDAQ:JACK) announced its quarterly earnings data on Wednesday. The restaurant operator reported $0.95 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.01), Briefing.com reports. The firm had revenue of $221.24 million for the quarter, compared to analysts’ expectations of $222.68 million. Jack in the Box had a net margin of 9.78% and a negative return on equity of 18.59%. The business’s quarterly revenue was up 24.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.77 earnings per share.
Shares of Jack in the Box stock opened at $84.81 on Thursday. The business’s 50 day simple moving average is $86.46 and its two-hundred day simple moving average is $83.72. The stock has a market capitalization of $2.23 billion, a P/E ratio of 22.38, a price-to-earnings-growth ratio of 1.38 and a beta of 0.25. Jack in the Box has a one year low of $70.77 and a one year high of $93.12.
In other news, CEO Leonard A. Comma sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $91.00, for a total transaction of $273,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director David Goebel sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $90.93, for a total value of $181,860.00. Following the transaction, the director now directly owns 18,890 shares in the company, valued at $1,717,667.70. The disclosure for this sale can be found here. Insiders sold a total of 8,000 shares of company stock worth $730,860 over the last ninety days. Insiders own 2.30% of the company’s stock.
A number of equities analysts have commented on JACK shares. BidaskClub cut Jack in the Box from a “hold” rating to a “sell” rating in a research note on Wednesday, October 23rd. Wells Fargo & Co lifted their price target on Jack in the Box from $102.00 to $105.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Goldman Sachs Group started coverage on Jack in the Box in a research note on Monday, July 29th. They issued a “sell” rating and a $69.00 price target on the stock. Credit Suisse Group lifted their price target on Jack in the Box from $75.00 to $78.00 and gave the stock an “underperform” rating in a research note on Friday, August 9th. Finally, Wedbush reaffirmed a “buy” rating and issued a $105.00 price target on shares of Jack in the Box in a research note on Thursday, November 14th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $93.82.
About Jack in the Box
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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