Revenue Update on Jack in the Box(NASDAQ:JACK)

Jack in the Box(NASDAQ:JACK) announced the earnings results for Fiscal Year 2017 and Q1. The results came in during After-Market on Feb 22, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $487.933M. Analysts estimated a revenue of $499.360M. The revenues were -2.29% below the estimates. Earnings per share were $1.18. The reported EPS was below estimates by -5.6%. Analysts had estimated an EPS of $1.25.

In a different note, On Feb 10, 2017, SunTrust Robinson Humphrey said it Upgrades its rating on Jack in the Box. The shares have been rated ‘Buy’ by the firm.

Jack in the Box (JACK) shares turned negative on Wednesdays trading session with the shares closing down -3.77 points or -3.51% at a volume of 20,21,029. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $107.09. The peak price level was also seen at $107.09 while the days lowest was $102.37. Finally the shares closed at $103.6. The 52-week high of the shares is $113.3 while the 52-week low is $61.78. According to the latest information available, the market cap of the company is $3,277 M.

Several Insider Transactions has been reported to the SEC. On Jan 6, 2017, David Goebel (director) sold 1,376 shares at $108.83 per share price.Also, On Jan 5, 2017, Mark H Blankenship (EVP- PEOPLE, CULTURE &STRATEGY) sold 32,959 shares at $109.61 per share price.On Dec 13, 2016, Madeleine Kleiner (director) sold 1,000 shares at $112.39 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 Company’s 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 Company’s Qdoba restaurants feature fresh ingredients and Mexican flavors that combine to create a variety of flavors and products.

Add Comment