Jack in the Box (JACK) Scheduled to Post Earnings on Wednesday

Jack in the Box (NASDAQ:JACK) is set to issue 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. Persons that wish to register for the company’s earnings conference call can do so using this link.

Jack in the Box Stock Up 4.1 %

Jack in the Box stock opened at $46.61 on Tuesday. The stock’s 50 day moving average is $46.04 and its 200 day moving average is $50.38. The company has a market capitalization of $891.65 million, a P/E ratio of -23.42, a PEG ratio of 0.70 and a beta of 1.93. Jack in the Box has a twelve month low of $40.84 and a twelve month high of $86.20.

Jack in the Box Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Oppenheimer dropped their price target on shares of Jack in the Box from $70.00 to $60.00 and set an “outperform” rating on the stock in a research note on Friday. Royal Bank of Canada reiterated an “outperform” rating and issued a $70.00 target price on shares of Jack in the Box in a research note on Monday, November 4th. Wedbush cut their price target on shares of Jack in the Box from $60.00 to $50.00 and set an “outperform” rating on the stock in a report on Monday. Loop Capital decreased their price objective on shares of Jack in the Box from $87.00 to $70.00 and set a “buy” rating for the company in a report on Monday, October 14th. Finally, Piper Sandler cut their target price 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. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Jack in the Box currently has a consensus rating of “Hold” and a consensus price target of $62.81.

Insiders Place Their Bets

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