Jack in the Box (JACK) announced its most recent quarterly financial results on Monday, Nov-21-2016. JACK said it had a profit of $1.03 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.15. Analysts had a consensus of $0.88. The company posted revenue of $398.42 million in the period, compared to analysts expectations of $398.58 million. JACK’s revenue was up 12.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.62 EPS.
Many Wall Street Analysts have commented on Jack in the Box. Goldman Initiated Jack in the Box on Oct 24, 2016 to “Sell”, Price Target of the shares are set at $88.
Jack in the Box closed down -0.87 points or -0.85% at $101.67 with 7,21,572 shares getting traded on Monday. Post opening the session at $102.21, the shares hit an intraday low of $100.82 and an intraday high of $102.56 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Nov 4, 2016, Frances L. Allen (JIB BRAND PRESIDENT) sold 530 shares at $94.03 per share price. According to the SEC, on Sep 23, 2016, Carol A Diraimo (VP, INVESTOR REL & CORP COMM) sold 2,000 shares at $100.00 per share price. On Sep 20, 2016, Jerry P Rebel (EXEC VP – CFO) sold 42,362 shares at $99.18 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.