Jack in the Box (JACK) Set to Announce Earnings on Wednesday

Jack in the Box (NASDAQ:JACK) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, November 20th. Analysts expect the company to announce earnings of $1.15 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Jack in the Box Stock Performance

JACK stock opened at $46.61 on Tuesday. Jack in the Box has a one year low of $40.84 and a one year high of $86.20. The company has a market capitalization of $891.65 million, a PE ratio of -23.42, a price-to-earnings-growth ratio of 0.70 and a beta of 1.93. The company’s 50 day moving average price is $46.04 and its two-hundred day moving average price is $50.38.

Jack in the Box Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Friday, August 30th were paid a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 3.78%. The ex-dividend date of this dividend was Friday, August 30th. Jack in the Box’s dividend payout ratio is presently -88.44%.

Analysts Set New Price Targets

JACK has been the topic of a number of recent research reports. Piper Sandler reduced their price objective on Jack in the Box from $56.00 to $53.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 30th. Oppenheimer decreased their price target on Jack in the Box from $70.00 to $60.00 and set an “outperform” rating on the stock in a research note on Friday. Bank of America boosted their price objective on Jack in the Box from $72.00 to $73.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Northcoast Research cut shares of Jack in the Box from a “buy” rating to a “neutral” rating in a report on Thursday, November 14th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of Jack in the Box from $59.00 to $56.00 and set a “hold” rating for the company in a report on Wednesday, August 7th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $62.81.

Insiders Place Their Bets

In other Jack in the Box news, CFO Brian M. Scott sold 696 shares of the stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $48.66, for a total value of $33,867.36. Following the completion of the transaction, the chief financial officer now owns 13,201 shares in the company, valued at approximately $642,360.66. This represents a 5.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.60% of the stock is currently owned by company 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.