Jack In The Box Inc. (NASDAQ:JACK) declared a quarterly dividend on Thursday, August 10th, Wall Street Journal reports. Shareholders of record on Tuesday, August 22nd will be paid a dividend of 0.40 per share by the restaurant operator on Tuesday, September 5th. This represents a $1.60 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date of this dividend is Friday, August 18th.
Jack In The Box (NASDAQ:JACK) opened at 97.05 on Friday. The firm’s 50-day moving average price is $95.67 and its 200-day moving average price is $101.16. The company has a market capitalization of $2.86 billion, a price-to-earnings ratio of 22.39 and a beta of 0.57. Jack In The Box has a 52 week low of $91.02 and a 52 week high of $113.30.
Jack In The Box (NASDAQ:JACK) last posted its quarterly earnings data on Wednesday, August 9th. The restaurant operator reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.05 by $0.06. Jack In The Box had a negative return on equity of 37.83% and a net margin of 8.51%. The company had revenue of $357.80 million during the quarter, compared to the consensus estimate of $360.84 million. During the same quarter last year, the firm earned $1.07 EPS. The business’s revenue for the quarter was down 3.0% on a year-over-year basis. On average, equities analysts expect that Jack In The Box will post $4.11 earnings per share for the current year.
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Several analysts have commented on the stock. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $125.00 target price on shares of Jack In The Box in a research report on Monday, June 5th. Morgan Stanley reiterated an “overweight” rating and set a $126.00 target price on shares of Jack In The Box in a research report on Tuesday, June 6th. Telsey Advisory Group cut shares of Jack In The Box from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $125.00 to $118.00 in a research report on Thursday, May 18th. Wells Fargo & Company upgraded shares of Jack In The Box from a “market perform” rating to an “outperform” rating and set a $125.00 target price for the company in a research report on Friday, June 2nd. Finally, Bank of America Corporation reiterated a “buy” rating and set a $118.00 target price (down previously from $120.00) on shares of Jack In The Box in a research report on Tuesday, June 13th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company. Jack In The Box has an average rating of “Buy” and a consensus price target of $114.85.
In other news, EVP Phillip H. Rudolph sold 6,908 shares of the business’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $103.64, for a total value of $715,945.12. Following the completion of the transaction, the executive vice president now owns 99,261 shares of the company’s stock, valued at approximately $10,287,410.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.10% of the stock is owned by insiders.
About Jack In The Box
Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants (QSRs) and Qdoba Mexican Eats (Qdoba) fast-casual restaurants. The Company operates in two segments: Jack in the Box and Qdoba restaurant operations. Qdoba is a fast-casual Mexican food brand in the United States, offering food items including burritos, tacos, salads, and quesadillas.
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