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

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

Jack in the Box Stock Performance

Shares of JACK stock traded down $2.83 during mid-day trading on Tuesday, reaching $33.95. The company’s stock had a trading volume of 2,232,472 shares, compared to its average volume of 602,084. The firm’s 50-day moving average is $39.77 and its two-hundred day moving average is $44.74. The company 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. Jack in the Box has a 1-year low of $32.69 and a 1-year high of $76.56.

Wall Street Analyst Weigh In

A number of analysts have weighed in on JACK shares. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $55.00 price target on shares of Jack in the Box in a research report on Thursday, January 16th. Northcoast Research lowered shares of Jack in the Box from a “buy” rating to a “neutral” rating in a research report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Jack in the Box from $51.00 to $46.00 and set a “hold” rating on the stock in a research note on Thursday, November 21st. StockNews.com lowered shares of Jack in the Box from a “hold” rating to a “sell” rating in a research report on Wednesday, January 15th. Finally, Oppenheimer lowered their price target on Jack in the Box from $60.00 to $52.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 7th. 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 company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $52.13.

Insider Activity

In other Jack in the Box news, SVP Sarah L. Super sold 1,688 shares of the firm’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $40.52, for a total transaction of $68,397.76. Following the completion of the transaction, the senior vice president now owns 16,815 shares in the company, valued at $681,343.80. This trade represents a 9.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last three months, insiders have sold 2,190 shares of company stock worth $92,961. Corporate insiders own 1.40% of the company’s stock.

About Jack in the Box

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.