Jack in the Box Inc. (NASDAQ:JACK) SVP Sells $68,397.76 in Stock

Jack in the Box Inc. (NASDAQ:JACK) SVP Sarah L. Super sold 1,688 shares of Jack in the Box stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $40.52, for a total transaction of $68,397.76. Following the completion of the transaction, the senior vice president now owns 16,815 shares in the company, valued at approximately $681,343.80. This represents a 9.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Jack in the Box Stock Performance

JACK opened at $39.35 on Thursday. The company has a market cap of $741.00 million, a price-to-earnings ratio of -20.18, a PEG ratio of 1.59 and a beta of 1.92. Jack in the Box Inc. has a one year low of $38.12 and a one year high of $86.20. The business’s fifty day moving average is $46.58 and its two-hundred day moving average is $48.74.

Jack in the Box Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Thursday, December 12th will be given a $0.44 dividend. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $1.76 annualized dividend and a dividend yield of 4.47%. Jack in the Box’s dividend payout ratio is presently -90.26%.

Hedge Funds Weigh In On Jack in the Box

Hedge funds have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC lifted its holdings in shares of Jack in the Box by 15,439.4% in the second quarter. Nisa Investment Advisors LLC now owns 5,128 shares of the restaurant operator’s stock valued at $261,000 after purchasing an additional 5,095 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Jack in the Box by 8.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 245,491 shares of the restaurant operator’s stock valued at $12,505,000 after buying an additional 18,874 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Jack in the Box by 26.2% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 626,955 shares of the restaurant operator’s stock valued at $31,937,000 after buying an additional 130,214 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Jack in the Box by 11.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,997 shares of the restaurant operator’s stock worth $255,000 after buying an additional 503 shares in the last quarter. Finally, Hussman Strategic Advisors Inc. acquired a new position in shares of Jack in the Box in the second quarter worth $1,070,000. 99.79% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have commented on JACK shares. Oppenheimer reaffirmed an “outperform” rating and set a $60.00 price objective on shares of Jack in the Box in a research note on Thursday, November 21st. Stifel Nicolaus cut their price target on Jack in the Box from $55.00 to $52.00 and set a “hold” rating for the company in a research note on Monday, December 9th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Jack in the Box from $51.00 to $46.00 and set a “hold” rating on the stock in a research report on Thursday, November 21st. Piper Sandler cut their price objective on shares of Jack in the Box from $56.00 to $53.00 and set a “neutral” rating for the company in a research report on Wednesday, October 30th. Finally, The Goldman Sachs Group lowered their target price on shares of Jack in the Box from $55.00 to $47.00 and set a “sell” rating on the stock in a report on Monday, October 21st. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $59.88.

Jack in the Box Company Profile

Jack in the Box Inc operates and franchises Jack in the Box and Del Taco quick-service restaurants in the United States. The company was founded in 1951 and is headquartered in San Diego, California.