Jack in the Box Director James M. Myers Unloads 2,800 Shares (JACK)
Jack in the Box (NASDAQ:JACK) Director James M. Myers sold 2,800 shares of the company’s stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $61.16, for a total transaction of $171,248.00. Following the completion of the transaction, the director now directly owns 29,629 shares in the company, valued at approximately $1,812,110. The sale 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 price-to-earnings ratio of 27.45.
Jack in the Box (NASDAQ:JACK) last issued its quarterly earnings data 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 in the prior year, the company posted $0.41 earnings per share. The company’s quarterly revenue was down .5% on a year-over-year basis. On average, analysts predict that Jack in the Box will post $2.43 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 2nd. Shareholders of record on Monday, August 18th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.31%. The ex-dividend date is Thursday, August 14th.
A number of analysts have recently weighed in on JACK shares. 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 company’s stock. The stock has a consensus 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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