Jack in the Box Inc. (JACK) EVP Sells $148,730.10 in Stock

Jack in the Box Inc. (NASDAQ:JACK) EVP Phillip H. Rudolph sold 1,455 shares of the business’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $102.22, for a total transaction of $148,730.10. Following the sale, the executive vice president now owns 92,048 shares of the company’s stock, valued at $9,409,146.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Jack in the Box Inc. (NASDAQ:JACK) opened at $104.57 on Monday. The firm has a market cap of $3,077.86, a P/E ratio of 26.95, a price-to-earnings-growth ratio of 1.88 and a beta of 0.51. Jack in the Box Inc. has a 12-month low of $90.89 and a 12-month high of $113.27. The company has a debt-to-equity ratio of -2.79, a current ratio of 0.53 and a quick ratio of 0.51.

Jack in the Box (NASDAQ:JACK) last posted its quarterly earnings results on Wednesday, November 29th. The restaurant operator reported $0.73 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.89 by ($0.16). The firm had revenue of $338.75 million during the quarter, compared to the consensus estimate of $341.34 million. Jack in the Box had a negative return on equity of 30.55% and a net margin of 8.71%. The business’s revenue for the quarter was down 15.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.03 earnings per share. sell-side analysts anticipate that Jack in the Box Inc. will post 4.49 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Monday, December 4th will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, December 1st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.53%. Jack in the Box’s payout ratio is currently 36.36%.

Several institutional investors and hedge funds have recently bought and sold shares of JACK. Royal Bank of Canada boosted its position in shares of Jack in the Box by 9.0% in the second quarter. Royal Bank of Canada now owns 1,274 shares of the restaurant operator’s stock worth $126,000 after purchasing an additional 105 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Jack in the Box by 61.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,585 shares of the restaurant operator’s stock worth $156,000 after purchasing an additional 601 shares during the period. Victory Capital Management Inc. boosted its position in shares of Jack in the Box by 17.8% in the second quarter. Victory Capital Management Inc. now owns 1,875 shares of the restaurant operator’s stock worth $185,000 after purchasing an additional 283 shares during the period. FNY Managed Accounts LLC boosted its position in shares of Jack in the Box by 90.6% in the second quarter. FNY Managed Accounts LLC now owns 2,030 shares of the restaurant operator’s stock worth $199,000 after purchasing an additional 965 shares during the period. Finally, Vident Investment Advisory LLC purchased a new position in shares of Jack in the Box in the third quarter worth $203,000. Institutional investors and hedge funds own 99.23% of the company’s stock.

Several analysts recently issued reports on the stock. Robert W. Baird restated a “buy” rating and set a $115.00 target price on shares of Jack in the Box in a research report on Tuesday, September 19th. Wedbush restated a “buy” rating and set a $115.00 target price on shares of Jack in the Box in a research report on Friday, October 13th. Wells Fargo & Company cut their target price on shares of Jack in the Box from $120.00 to $117.00 and set an “outperform” rating for the company in a research report on Wednesday, November 15th. Zacks Investment Research upgraded shares of Jack in the Box from a “sell” rating to a “hold” rating in a research report on Wednesday, October 11th. Finally, Telsey Advisory Group upgraded shares of Jack in the Box from a “market perform” rating to an “outperform” rating and set a $118.00 target price for the company in a research report on Wednesday, October 4th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $112.62.

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Jack in the Box Company Profile

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.

Insider Buying and Selling by Quarter for Jack in the Box (NASDAQ:JACK)

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