Jack in the Box (JACK) reported quarterly earnings results on Wednesday, Aug-3-2016. The company said it had a profit of $1.07 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.20. Analysts had a consensus of $0.87. The company posted revenue of $368.94 million in the period, compared to analysts expectations of $367.04 million. The company’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.76 EPS.
Many Wall Street Analysts have commented on Jack in the Box. Company shares were Reiterated by Telsey Advisory Group on Jul 13, 2016 to “Outperform”, Firm has raised the Price Target to $ 105 from a previous price target of $85 .Company shares were Reiterated by UBS on Jun 3, 2016 to “Neutral”, Firm has raised the Price Target to $ 87 from a previous price target of $80 .Company shares were Upgraded by Robert W. Baird on May 26, 2016 to ” Outperform”, Firm has raised the Price Target to $ 95 from a previous price target of $80 .
Jack in the Box closed down -2.17 points or -2.39% at $88.52 with 5,61,087 shares getting traded on Tusday. Post opening the session at $90.14, the shares hit an intraday low of $87.89 and an intraday high of $90.4319 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.
In a different news, on Jun 3, 2016, Raymond Pepper (VP – GENERAL COUNSEL) sold 962 shares at $85.97 per share price. According to the SEC, on May 27, 2016, Paul D Melancon (SVP – FIN/CONTROLLER/TREASURER) sold 4,187 shares at $84.21 per share price. On May 13, 2016, Timothy P Casey (QDOBA BRAND PRESIDENT) sold 4,812 shares at $72.00 per share price, according to the Form-4 filing with the securities and exchange commission.
Jack in the Box Inc. (JACK) is a restaurant company. The Company operates in two segments: Jack in the Box and Qdoba Restaurant Operations. It operates and franchises approximately 2888 Jack in the Box quick-service restaurants (QSRs) and Qdoba Mexican Grill fast-casual restaurants. The Companys Jack in the Box restaurants offer a selection of products targeted primarily at the adult fast-food consumer. Its menu features a variety of items including hamburgers tacos specialty sandwiches drinks real ice cream shakes salads and side items. The Companys Qdoba restaurants feature fresh ingredients and Mexican flavors that combine to create a variety of flavors and products.