Jack in the Box Director James M. Myers Sells 2,800 Shares (JACK)
Jack in the Box (NASDAQ:JACK) Director James M. Myers unloaded 2,800 shares of the stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $61.16, for a total value of $171,248.00. Following the completion of the sale, the director now directly owns 29,629 shares of the company’s stock, valued at approximately $1,812,110. The sale was disclosed in a filing with the SEC, which is available at this link.
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 investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Jack in the Box presently has a consensus rating of “Buy” and an average target price of $64.80.
Jack in the Box (NASDAQ:JACK) opened at 60.60 on Monday. Jack in the Box has a 52-week low of $38.53 and a 52-week high of $62.90. The stock has a 50-day moving average of $58.61 and a 200-day moving average of $57.29. The company has a market cap of $2.365 billion and a P/E ratio of 27.29.
Jack in the Box (NASDAQ:JACK) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the 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. 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. 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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