Jack in the Box CFO Sells $566,367 in Stock (JACK)
Jack in the Box (NASDAQ:JACK) CFO Jerry P. Rebel sold 9,268 shares of the company’s stock on the open market in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $61.11, for a total value of $566,367.48. Following the transaction, the chief financial officer now directly owns 89,431 shares of the company’s stock, valued at approximately $5,465,128. The transaction was disclosed in a document filed with the SEC, which is available at this link.
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 research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Jack in the Box presently has an average rating of “Buy” and an average target price of $64.80.
Shares of Jack in the Box (NASDAQ:JACK) traded down 0.60% on Thursday, hitting $59.34. 155,931 shares of the company’s stock traded hands. 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 $57.55. The company has a market cap of $2.316 billion and a price-to-earnings ratio of 26.88.
Jack in the Box (NASDAQ:JACK) last issued its quarterly 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 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 $2.44 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 1.34%. The ex-dividend date of this dividend 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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