Check back later for our full analysis on Jack in the Box’s third quarter earnings report!
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In its most recent quarter Jack in Box Incorporated had actual sales of $ 354.068M. Revenue rose to $1.54 billion from 1.48 billion a year ago.
Jefferies lowered its price target on Jack in the Box (JACK – Get Report) stock to $95 from $107 on Thursday.
Jack in the Box Inc. reported Tuesday a 43-percent increase in net earnings for the September 27-ended fourth quarter, capping what executives described as “a terrific year”. The company now has an average rating of “Buy” and a consensus target price of $96.75.
The national restaurant chain earned $108.8 million, or $2.85 per share in the fiscal year ended September 27, compared to $89.0 million, or $2.12 per share, in the previous fiscal year. Comps growth in the fourth quarter was substantially better than system-wide comps growth of 3.1% in the year-ago period. Stockholders of record on Wednesday, December 9th will be given a dividend of 0.30 per share on Tuesday, December 22nd. The ex-dividend date of this dividend is Monday, December 7th.
JACK has been the subject of a number of recent research reports. This represents a $1.20 annualized dividend and a yield of 1.62%. As a result, share price of the company went up approximately 4.2% in the aftermarket hours. (NASDAQ:JACK): On Wednesday heightened volatility was witnessed in Jack In The Box Inc. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock.
In other Jack in the Box news, insider Frances L. Allen sold 531 shares of the stock in a transaction that occurred on Tuesday, November 3rd. The stock was sold at an average price of $77.75, for a total value of $41,285.25. Following the completion of the sale, the insider now owns 6,244 shares in the company, valued at $485,471. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Next year, the Jack in the Box chain expects to add about 20 new units, mostly franchised.
Comps at Qdoba’s restaurants increased 6.6% driven by a 6.1% upside at the company-owned restaurants and 7.2% rise at franchised restaurants. Jack in the Box restaurants offer a broad selection of distinctive, innovative products targeted at the adult fast-food consumer.
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For Qdoba company locations, the company expects same-store sales in the first quarter to be flat or up 2 percent, compared with a 12.9-percent increase in the first quarter this year. Its menu features various items, including burgers, tacos, specialty sandwiches, drinks, real ice cream shakes, salads and side items. As of September 29, 2013, the Qdoba system included 615 restaurants in 46 states, as well as the District of Columbia and Canada, of which 296 were Company-operated and 319 were franchise-operated.
