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

Jack in the Box (NASDAQ:JACK) issued its quarterly earnings results on Tuesday. The restaurant operator reported $1.92 EPS for the quarter, beating 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 Price Performance

Shares of JACK traded down $2.83 during midday trading on Tuesday, hitting $33.95. 2,262,056 shares of the company traded hands, compared to its average volume of 611,549. Jack in the Box has a one year low of $32.69 and a one year high of $76.56. The firm has a market cap of $640.16 million, a P/E ratio of -17.41, a PEG ratio of 1.29 and a beta of 1.94. The stock has a 50-day moving average of $39.77 and a 200-day moving average of $44.74.

Insider Activity

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

Analyst Upgrades and Downgrades

A number of research firms have recently commented on JACK. Stifel Nicolaus lowered their target price on Jack in the Box from $52.00 to $40.00 and set a “hold” rating on the stock in a research note on Friday, January 10th. Guggenheim lowered their price objective on shares of Jack in the Box from $95.00 to $60.00 and set a “buy” rating on the stock in a research report on Wednesday, November 20th. Royal Bank of Canada reiterated an “outperform” rating and issued a $55.00 target price on shares of Jack in the Box in a research note on Thursday, January 16th. Barclays raised their price target on shares of Jack in the Box from $46.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 21st. Finally, TD Cowen reiterated a “hold” rating and issued a $50.00 price objective on shares of Jack in the Box in a research note on Thursday, November 21st. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $52.13.

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.