Insider Selling: Jack in the Box Inc. (NASDAQ:JACK) CEO Sells 3,000 Shares of Stock

Jack in the Box Inc. (NASDAQ:JACK) CEO Leonard A. Comma sold 3,000 shares of Jack in the Box stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $91.00, for a total transaction of $273,000.00. The transaction was disclosed in a filing with the SEC, which is available through this link.

JACK stock traded up $0.67 during midday trading on Monday, reaching $91.12. 488,629 shares of the company’s stock traded hands, compared to its average volume of 546,752. The company has a 50-day moving average price of $87.84 and a two-hundred day moving average price of $81.58. Jack in the Box Inc. has a 52 week low of $70.77 and a 52 week high of $91.66. The firm has a market capitalization of $2.33 billion, a PE ratio of 24.04, a price-to-earnings-growth ratio of 1.60 and a beta of 0.22.

Jack in the Box (NASDAQ:JACK) last issued its earnings results on Wednesday, August 7th. The restaurant operator reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.99 by $0.08. Jack in the Box had a net margin of 9.78% and a negative return on equity of 18.59%. The business had revenue of $222.36 million for the quarter, compared to analysts’ expectations of $220.44 million. During the same quarter in the previous year, the firm posted $1.00 EPS. The business’s revenue for the quarter was up 18.3% compared to the same quarter last year. On average, sell-side analysts forecast that Jack in the Box Inc. will post 4.35 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Shareholders of record on Monday, August 19th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $1.60 dividend on an annualized basis and a yield of 1.76%. Jack in the Box’s payout ratio is 42.22%.

Several research firms have commented on JACK. 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. Robert W. Baird lifted their target price on shares of Jack in the Box from $95.00 to $104.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. BidaskClub raised shares of Jack in the Box from a “hold” rating to a “buy” rating in a research report on Thursday, September 12th. Telsey Advisory Group lifted their target price on shares of Jack in the Box from $95.00 to $105.00 and gave the stock an “outperform” rating in a research report on Thursday, August 22nd. Finally, Wedbush raised shares of Jack in the Box from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $75.00 to $105.00 in a research report on Friday, August 9th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $92.92.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC grew its position in shares of Jack in the Box by 6,483.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 395 shares of the restaurant operator’s stock valued at $32,000 after purchasing an additional 389 shares in the last quarter. Strs Ohio purchased a new position in shares of Jack in the Box during the 2nd quarter valued at $40,000. Point72 Hong Kong Ltd grew its position in shares of Jack in the Box by 3,727.3% during the 2nd quarter. Point72 Hong Kong Ltd now owns 842 shares of the restaurant operator’s stock valued at $69,000 after purchasing an additional 820 shares in the last quarter. Acadian Asset Management LLC purchased a new position in shares of Jack in the Box during the 2nd quarter valued at $159,000. Finally, US Bancorp DE grew its position in shares of Jack in the Box by 61.7% during the 2nd quarter. US Bancorp DE now owns 2,096 shares of the restaurant operator’s stock valued at $170,000 after purchasing an additional 800 shares in the last quarter.

About Jack in the Box

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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