Insider Selling: Jack in the Box SVP Sells 5,973 Shares of Stock (JACK)
Jack in the Box (NASDAQ:JACK) SVP Elana M. Hobson sold 5,973 shares of Jack in the Box stock on the open market in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $55.37, for a total value of $330,725.01. Following the sale, the senior vice president now directly owns 12,275 shares of the company’s stock, valued at approximately $679,667. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Jack in the Box from an “outperform” rating to a “neutral” rating in a research note on Friday. They now have a $63.70 price target on the stock. Separately, analysts at Barclays raised their price target on shares of Jack in the Box from $54.00 to $62.00 in a research note on Tuesday, April 15th. They now have an “equal weight” rating on the stock. Finally, analysts at Wunderlich raised their price target on shares of Jack in the Box from $60.00 to $70.00 in a research note on Wednesday, April 2nd. They now have a “buy” rating on the stock. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Jack in the Box has an average rating of “Buy” and a consensus target price of $58.81.
Jack in the Box (NASDAQ:JACK) traded up 2.08% on Monday, hitting $56.89. 593,691 shares of the company’s stock traded hands. Jack in the Box has a 52 week low of $36.18 and a 52 week high of $62.90. The stock’s 50-day moving average is $56.07 and its 200-day moving average is $52.41. The company has a market cap of $2.278 billion and a P/E ratio of 37.81.
Jack in the Box (NASDAQ:JACK) last announced its earnings results on Wednesday, May 14th. The company reported $0.51 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.52 by $0.01. The company had revenue of $340.90 million for the quarter, compared to the consensus estimate of $338.31 million. During the same quarter last year, the company posted $0.37 earnings per share. Jack in the Box’s revenue was down 1.8% compared to the same quarter last year. On average, analysts predict that Jack in the Box will post $2.36 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, June 9th. Shareholders of record on Tuesday, May 27th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.41%. The ex-dividend date is Thursday, May 22nd.
Jack in the Box Inc is a restaurant company. The Company operates in two segments: Jack in the Box and Qdoba.
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