Jack in the Box (JACK) to Release Quarterly Earnings on Wednesday

Jack in the Box (NASDAQ:JACK) is scheduled to be announcing its earnings results after the market closes on Wednesday, November 20th. Analysts expect the company to announce earnings of $1.15 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Jack in the Box Trading Down 2.8 %

NASDAQ:JACK opened at $46.10 on Wednesday. Jack in the Box has a 12 month low of $40.84 and a 12 month high of $86.20. The stock has a market cap of $881.71 million, a price-to-earnings ratio of -23.17, a P/E/G ratio of 0.74 and a beta of 1.93. The company has a 50-day moving average price of $46.04 and a 200-day moving average price of $50.68.

Jack in the Box Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Friday, August 30th were issued a $0.44 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.76 annualized dividend and a yield of 3.82%. Jack in the Box’s dividend payout ratio (DPR) is presently -88.44%.

Analyst Ratings Changes

Several equities analysts recently weighed in on JACK shares. Morgan Stanley lowered their target price on Jack in the Box from $70.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 16th. Oppenheimer lowered their price target on shares of Jack in the Box from $75.00 to $70.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Truist Financial decreased their price objective on shares of Jack in the Box from $83.00 to $70.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. UBS Group lowered their target price on shares of Jack in the Box from $55.00 to $50.00 and set a “neutral” rating on the stock in a report on Friday, October 4th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $70.00 target price on shares of Jack in the Box in a research report on Monday, November 4th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $64.06.

Insiders Place Their Bets

In other Jack in the Box news, CFO Brian M. Scott sold 696 shares of the firm’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $48.66, for a total transaction of $33,867.36. Following the transaction, the chief financial officer now owns 13,201 shares of the company’s stock, valued at approximately $642,360.66. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.60% of the company’s stock.

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.