Jack in the Box (NASDAQ:JACK) Releases Quarterly Earnings Results, Beats Estimates By $0.21 EPS

Jack in the Box (NASDAQ:JACK) posted its quarterly earnings data on Tuesday. The restaurant operator reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.71 by $0.21, Zacks reports. Jack in the Box had a negative return on equity of 15.79% and a negative net margin of 2.34%.

Jack in the Box Stock Down 7.7 %

Shares of NASDAQ:JACK traded down $2.83 during trading on Tuesday, reaching $33.95. 2,232,472 shares of the company traded hands, compared to its average volume of 602,084. The firm has a fifty day simple moving average of $39.77 and a 200 day simple moving average of $44.74. Jack in the Box has a 1-year low of $32.69 and a 1-year high of $76.56. The firm has a market cap of $640.16 million, a P/E ratio of -17.41, a price-to-earnings-growth ratio of 1.29 and a beta of 1.94.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Northcoast Research downgraded shares of Jack in the Box from a “buy” rating to a “neutral” rating in a report on Thursday, November 14th. Barclays raised their target price on shares of Jack in the Box from $46.00 to $50.00 and gave the stock an “equal weight” rating in a report on Thursday, November 21st. Wedbush cut Jack in the Box from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $50.00 to $40.00 in a report on Friday. Piper Sandler reduced their price objective on Jack in the Box from $56.00 to $53.00 and set a “neutral” rating for the company in a research note on Wednesday, October 30th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Jack in the Box from $51.00 to $46.00 and set a “hold” rating on the stock in a report on Thursday, November 21st. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $52.13.

Insider Transactions at Jack in the Box

In other Jack in the Box news, SVP Sarah L. Super sold 1,688 shares of the business’s stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $40.52, for a total value of $68,397.76. Following the transaction, the senior vice president now owns 16,815 shares in the company, valued at $681,343.80. The trade was a 9.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last ninety days, insiders have sold 2,190 shares of company stock valued at $92,961. 1.40% of the stock is owned by insiders.

Jack in the Box Company Profile

Jack in the Box Inc operates and franchises Jack in the Box and Del Taco quick-service restaurants in the United States. The company was founded in 1951 and is headquartered in San Diego, California.