Jack In The Box (NASDAQ:JACK) Posts Earnings Results

Jack In The Box (NASDAQ:JACK) announced its earnings results on Wednesday. The restaurant operator reported $0.96 EPS for the quarter, topping the consensus estimate of $0.88 by $0.08, FiscalAI reports. Jack In The Box had a net margin of 2.82% and a negative return on equity of 6.34%. The company had revenue of $257.66 million for the quarter, compared to analysts’ expectations of $264.70 million.

Jack In The Box Price Performance

JACK traded up $0.92 during trading on Wednesday, hitting $18.78. 1,559,201 shares of the stock traded hands, compared to its average volume of 841,238. The business has a 50 day moving average price of $14.73 and a 200 day moving average price of $14.61. Jack In The Box has a twelve month low of $8.91 and a twelve month high of $23.86. The company has a market cap of $358.21 million, a price-to-earnings ratio of 10.15, a PEG ratio of 0.98 and a beta of 1.38.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on JACK shares. Citigroup lowered their price objective on Jack In The Box from $15.00 to $14.00 and set a “neutral” rating on the stock in a research note on Thursday, May 14th. UBS Group reduced their target price on Jack In The Box from $23.00 to $14.00 and set a “neutral” rating on the stock in a report on Thursday, May 14th. Stifel Nicolaus boosted their price target on Jack In The Box from $10.00 to $15.00 and gave the company a “hold” rating in a research note on Thursday, May 14th. Mizuho upped their price objective on shares of Jack In The Box from $11.00 to $13.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Finally, Jefferies Financial Group set a $12.50 price objective on shares of Jack In The Box in a research note on Thursday, May 14th. Three analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $15.84.

Insider Buying and Selling at Jack In The Box

In other Jack In The Box news, Director Guillermo Diaz, Jr. purchased 5,962 shares of the firm’s stock in a transaction dated Thursday, May 28th. The shares were bought at an average price of $11.51 per share, for a total transaction of $68,622.62. Following the purchase, the director owned 20,692 shares in the company, valued at approximately $238,164.92. This trade represents a 40.48% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.40% of the company’s stock.

Institutional Trading of Jack In The Box

Several institutional investors and hedge funds have recently modified their holdings of the business. US Bancorp DE grew its position in Jack In The Box by 96.7% in the third quarter. US Bancorp DE now owns 1,420 shares of the restaurant operator’s stock valued at $28,000 after acquiring an additional 698 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Jack In The Box by 3,604.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,852 shares of the restaurant operator’s stock worth $35,000 after acquiring an additional 1,802 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Jack In The Box by 882.5% in the third quarter. Russell Investments Group Ltd. now owns 3,144 shares of the restaurant operator’s stock worth $62,000 after acquiring an additional 2,824 shares during the last quarter. Inspire Investing LLC acquired a new stake in shares of Jack In The Box in the 4th quarter valued at approximately $100,000. Finally, Cubist Systematic Strategies LLC boosted its stake in shares of Jack In The Box by 206.6% in the 1st quarter. Cubist Systematic Strategies LLC now owns 5,967 shares of the restaurant operator’s stock valued at $162,000 after purchasing an additional 11,567 shares in the last quarter. 99.79% of the stock is currently owned by institutional investors.

About Jack In The Box

Jack in the Box (NASDAQ: JACK) is a publicly traded quick-service restaurant company best known for its Jack in the Box brand of fast-food restaurants. Founded in 1951 by Robert O. Peterson and headquartered in San Diego, California, the company has operated for decades as a franchisor and operator of drive-thru and dine-in restaurants. Its business model combines company-owned locations with franchise arrangements, and the company focuses on building brand recognition through menu innovation, marketing and service convenience.

The company’s core offerings center on a broad fast-food menu that includes hamburgers (notably the Jumbo Jack), tacos, breakfast items, sandwiches, salads, sides and specialty limited-time items.