Insider Selling: Jack in the Box CFO Sells 10,000 Shares of Stock (JACK)
Jack in the Box (NASDAQ:JACK) CFO Jerry P. Rebel sold 10,000 shares of the stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $61.27, for a total transaction of $612,700.00. Following the completion of the transaction, the chief financial officer now directly owns 89,431 shares in the company, valued at approximately $5,479,437. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Jack in the Box (NASDAQ:JACK) traded down 0.95% during mid-day trading on Thursday, hitting $60.39. 359,671 shares of the company’s stock traded hands. Jack in the Box has a 1-year low of $38.53 and a 1-year high of $62.90. The stock has a 50-day moving average of $58.59 and a 200-day moving average of $57.21. The company has a market cap of $2.357 billion and a P/E ratio of 27.45.
Jack in the Box (NASDAQ:JACK) last announced its earnings results on Wednesday, August 6th. The company reported $0.64 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.57 by $0.07. The company had revenue of $348.50 million for the quarter, compared to the consensus estimate of $343.30 million. During the same quarter last year, the company posted $0.41 earnings per share. Jack in the Box’s revenue was down .5% compared to the same quarter last year. Analysts expect that Jack in the Box will post $2.43 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 2nd. Stockholders of record on Monday, August 18th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend is Thursday, August 14th.
A number of research firms have recently commented on JACK. Analysts at Wedbush raised their price target on shares of Jack in the Box from $68.00 to $75.00 in a research note on Friday, August 8th. Separately, analysts at Jefferies Group raised their price target on shares of Jack in the Box from $68.00 to $71.00 in a research note on Friday, August 8th. Finally, analysts at Telsey Advisory Group raised their price target on shares of Jack in the Box from $58.00 to $72.00 in a research note on Friday, August 8th. They now have a “not rated” rating on the stock. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $64.80.
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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