Insider Selling: Jack in the Box EVP Sells 15,750 Shares of Stock (JACK)
Jack in the Box (NASDAQ:JACK) EVP Mark H. Blankenship unloaded 15,750 shares of the stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $60.00, for a total value of $945,000.00. Following the completion of the transaction, the executive vice president now directly owns 11,051 shares in the company, valued at approximately $663,060. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on JACK shares. Analysts at Zacks downgraded shares of Jack in the Box from an “outperform” rating to a “neutral” rating in a research note on Friday, May 16th. 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 issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $58.81.
Shares of Jack in the Box (NASDAQ:JACK) traded down 0.02% on Monday, hitting $60.00. 429,825 shares of the company’s stock traded hands. Jack in the Box has a 1-year low of $36.71 and a 1-year high of $62.90. The stock’s 50-day moving average is $55.90 and its 200-day moving average is $53.66. The company has a market cap of $2.402 billion and a P/E ratio of 40.71.
Jack in the Box (NASDAQ:JACK) last posted its quarterly 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. Analysts expect that Jack in the Box will post $2.37 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, June 9th. Stockholders 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 1.33%. 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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