Jack in the Box Inc. (NASDAQ:JACK) COO Marcus D. Tom sold 451 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $79.33, for a total value of $35,777.83. Following the completion of the sale, the chief operating officer now directly owns 5,335 shares in the company, valued at $423,225.55. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
NASDAQ JACK traded down $0.49 on Tuesday, reaching $79.58. The company’s stock had a trading volume of 740,758 shares, compared to its average volume of 540,962. Jack in the Box Inc. has a twelve month low of $70.77 and a twelve month high of $93.12. The firm’s 50 day moving average is $83.49 and its two-hundred day moving average is $83.80. The stock has a market cap of $1.88 billion, a PE ratio of 18.29, a PEG ratio of 1.47 and a beta of 0.22.
Jack in the Box (NASDAQ:JACK) last released its earnings results on Wednesday, November 20th. The restaurant operator reported $0.95 EPS for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.01). Jack in the Box had a negative return on equity of 18.08% and a net margin of 9.94%. The business had revenue of $221.24 million during the quarter, compared to the consensus estimate of $222.68 million. During the same quarter in the previous year, the firm earned $0.77 earnings per share. The firm’s revenue for the quarter was up 24.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Jack in the Box Inc. will post 4.5 EPS for the current fiscal year.
The business also recently declared a dividend, which will be paid on Friday, December 20th. Shareholders of record on Thursday, December 5th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, December 4th. Jack in the Box’s dividend payout ratio is currently 36.78%.
Several large investors have recently made changes to their positions in JACK. Tower Research Capital LLC TRC grew its holdings in shares of Jack in the Box by 6,483.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 395 shares of the restaurant operator’s stock worth $32,000 after acquiring an additional 389 shares during the last quarter. Strs Ohio acquired a new stake in shares of Jack in the Box during the second quarter worth $40,000. Point72 Hong Kong Ltd raised its position in shares of Jack in the Box by 3,727.3% during the second quarter. Point72 Hong Kong Ltd now owns 842 shares of the restaurant operator’s stock worth $69,000 after purchasing an additional 820 shares during the period. First Mercantile Trust Co. lifted its holdings in shares of Jack in the Box by 11.5% during the third quarter. First Mercantile Trust Co. now owns 1,269 shares of the restaurant operator’s stock valued at $116,000 after purchasing an additional 131 shares during the last quarter. Finally, Acadian Asset Management LLC purchased a new stake in shares of Jack in the Box during the second quarter valued at $159,000.
A number of research analysts have recently commented on the stock. SunTrust Banks dropped their price objective on shares of Jack in the Box to $98.00 and set a “buy” rating for the company in a research note on Friday, November 22nd. ValuEngine upgraded shares of Jack in the Box from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th. Telsey Advisory Group raised their price objective on Jack in the Box from $95.00 to $105.00 and gave the company an “outperform” rating in a research report on Thursday, August 22nd. Morgan Stanley set a $89.00 target price on shares of Jack in the Box and gave the stock a “hold” rating in a research report on Friday, August 9th. Finally, Wells Fargo & Co boosted their price target on Jack in the Box from $95.00 to $102.00 and gave the stock an “outperform” rating in a research note on Monday, September 30th. Three analysts have rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company. Jack in the Box currently has a consensus rating of “Hold” and an average price target of $92.60.
Jack in the Box Company Profile
Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants. As of March 19, 2019, it operated and franchised approximately 2,200 Jack in the Box restaurants in 21 states and Guam. The company was founded in 1951 and is headquartered in San Diego, California.
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