Darin S. Harris Sells 1,258 Shares of Jack in the Box Inc. (NASDAQ:JACK) Stock

Jack in the Box Inc. (NASDAQ:JACKGet Rating) CEO Darin S. Harris sold 1,258 shares of the stock in a transaction dated Tuesday, December 6th. The shares were sold at an average price of $69.12, for a total value of $86,952.96. Following the completion of the sale, the chief executive officer now directly owns 35,520 shares in the company, valued at approximately $2,455,142.40. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Jack in the Box Stock Up 2.6 %

JACK opened at $69.60 on Friday. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of 12.72, a price-to-earnings-growth ratio of 0.74 and a beta of 1.59. Jack in the Box Inc. has a 52 week low of $54.80 and a 52 week high of $96.87. The business’s 50 day moving average is $79.30 and its two-hundred day moving average is $74.66.

Jack in the Box (NASDAQ:JACKGet Rating) last released its quarterly earnings results on Tuesday, November 22nd. The restaurant operator reported $1.33 EPS for the quarter, missing the consensus estimate of $1.35 by ($0.02). The firm had revenue of $402.77 million for the quarter, compared to analyst estimates of $392.44 million. Jack in the Box had a negative return on equity of 16.07% and a net margin of 7.89%. Equities analysts expect that Jack in the Box Inc. will post 5.49 EPS for the current fiscal year.

Jack in the Box Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 22nd. Shareholders of record on Wednesday, December 7th will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 2.53%. The ex-dividend date of this dividend is Tuesday, December 6th. Jack in the Box’s dividend payout ratio (DPR) is 32.18%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. grew its stake in shares of Jack in the Box by 2.9% in the 1st quarter. Envestnet Asset Management Inc. now owns 59,826 shares of the restaurant operator’s stock valued at $5,588,000 after purchasing an additional 1,675 shares during the last quarter. New York State Common Retirement Fund grew its stake in shares of Jack in the Box by 36.2% in the 1st quarter. New York State Common Retirement Fund now owns 22,850 shares of the restaurant operator’s stock valued at $2,134,000 after purchasing an additional 6,069 shares during the last quarter. Swiss National Bank grew its stake in shares of Jack in the Box by 4.2% in the 1st quarter. Swiss National Bank now owns 49,700 shares of the restaurant operator’s stock valued at $4,642,000 after purchasing an additional 2,000 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Jack in the Box by 41.9% in the 1st quarter. Principal Financial Group Inc. now owns 173,122 shares of the restaurant operator’s stock valued at $16,171,000 after purchasing an additional 51,101 shares during the last quarter. Finally, Hawk Ridge Capital Management LP grew its stake in shares of Jack in the Box by 102.6% in the 1st quarter. Hawk Ridge Capital Management LP now owns 667,623 shares of the restaurant operator’s stock valued at $62,363,000 after purchasing an additional 338,068 shares during the last quarter. Institutional investors and hedge funds own 99.09% of the company’s stock.

Analyst Upgrades and Downgrades

JACK has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft reduced their price target on Jack in the Box from $88.00 to $75.00 in a research report on Wednesday, November 23rd. Credit Suisse Group reduced their price target on Jack in the Box from $84.00 to $73.00 and set an “underperform” rating on the stock in a research report on Wednesday, November 23rd. StockNews.com initiated coverage on Jack in the Box in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Cowen increased their price target on Jack in the Box from $70.00 to $80.00 and gave the company a “market perform” rating in a research report on Friday, November 18th. Finally, Guggenheim increased their price target on Jack in the Box from $85.00 to $95.00 and gave the company a “buy” rating in a research report on Thursday, August 11th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $85.21.

Jack in the Box Company Profile

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Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants. As of November 22, 2022, it operated and franchised approximately 2,2180 Jack in the Box quick-service restaurants in 21 states and Guam. The company was founded in 1951 and is headquartered in San Diego, California.

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