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

Jack in the Box (NASDAQ:JACK) is set to post its quarterly earnings results after the market closes on Wednesday, November 20th. Analysts expect Jack in the Box to post earnings of $1.15 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Jack in the Box Stock Down 2.8 %

Shares of JACK stock opened at $46.10 on Wednesday. The company has a market capitalization 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 firm has a fifty day moving average of $46.04 and a 200-day moving average of $50.68. Jack in the Box has a 12-month low of $40.84 and a 12-month high of $86.20.

Jack in the Box Dividend Announcement

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

Insider Activity

In related news, CFO Brian M. Scott sold 696 shares of the stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $48.66, for a total value of $33,867.36. Following the transaction, the chief financial officer now directly owns 13,201 shares of the company’s stock, valued at $642,360.66. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.60% of the company’s stock.

Wall Street Analysts Forecast Growth

JACK has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft decreased their price target on Jack in the Box from $59.00 to $56.00 and set a “hold” rating on the stock in a research note on Wednesday, August 7th. Morgan Stanley reduced their price objective on shares of Jack in the Box from $70.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 16th. Piper Sandler reduced their price target on shares of Jack in the Box from $56.00 to $53.00 and set a “neutral” rating for the company in a report on Wednesday, October 30th. TD Cowen dropped their price objective on shares of Jack in the Box from $57.00 to $50.00 and set a “hold” rating on the stock in a research note on Wednesday, October 16th. Finally, Barclays dropped their target price on Jack in the Box from $57.00 to $46.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 22nd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $64.06.

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.