Insider Selling: Jack in the Box CFO Sells 10,000 Shares of Stock (JACK)
Jack in the Box (NASDAQ:JACK) CFO Jerry P. Rebel unloaded 10,000 shares of the stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $61.27, for a total transaction of $612,700.00. Following the completion of the sale, the chief financial officer now directly owns 89,431 shares of the company’s stock, valued at approximately $5,479,437. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
JACK has been the subject of a number of recent research reports. 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 research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $64.80.
Jack in the Box (NASDAQ:JACK) opened at 60.60 on Monday. Jack in the Box has a one year low of $38.53 and a one year high of $62.90. The stock’s 50-day moving average is $58.61 and its 200-day moving average is $57.29. The company has a market cap of $2.365 billion and a price-to-earnings ratio of 27.29.
Jack in the Box (NASDAQ:JACK) last released its earnings data on Wednesday, August 6th. The company reported $0.64 earnings per share for the quarter, beating the analysts’ 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 previous year, the company posted $0.41 earnings per share. The company’s revenue for the quarter was down .5% on a year-over-year basis. Analysts expect that Jack in the Box will post $2.43 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 2nd. Stockholders 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 1.32%. The ex-dividend date is Thursday, August 14th.
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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