Jack In The Box Inc. (JACK) CFO Sells $4,193,838.00 in Stock
Jack In The Box Inc. (NASDAQ:JACK) CFO Jerry P. Rebel sold 42,362 shares of the firm’s stock in a transaction dated Monday, September 19th. The stock was sold at an average price of $99.00, for a total value of $4,193,838.00. Following the completion of the sale, the chief financial officer now directly owns 119,835 shares in the company, valued at $11,863,665. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Jack In The Box Inc. (NASDAQ:JACK) opened at 98.58 on Wednesday. The stock has a market capitalization of $3.22 billion, a price-to-earnings ratio of 29.98 and a beta of 0.45. The stock’s 50 day moving average is $98.05 and its 200 day moving average is $81.78. Jack In The Box Inc. has a 12-month low of $61.78 and a 12-month high of $102.63.
Jack In The Box (NASDAQ:JACK) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $1.07 EPS for the quarter, topping the consensus estimate of $0.87 by $0.20. Jack In The Box had a net margin of 7.41% and a negative return on equity of 120.29%. The company earned $368.94 million during the quarter, compared to analysts’ expectations of $367.52 million. During the same quarter in the previous year, the business posted $0.76 EPS. The firm’s revenue was up 2.6% on a year-over-year basis. Equities analysts predict that Jack In The Box Inc. will post $3.73 earnings per share for the current fiscal year.
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The company also recently declared a quarterly dividend, which was paid on Monday, August 29th. Shareholders of record on Tuesday, August 16th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend was Friday, August 12th. Jack In The Box’s dividend payout ratio (DPR) is presently 36.36%.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Seven Eight Capital LLC boosted its position in Jack In The Box by 125.0% in the second quarter. Seven Eight Capital LLC now owns 1,800 shares of the company’s stock valued at $155,000 after buying an additional 1,000 shares during the period. LS Investment Advisors LLC boosted its position in Jack In The Box by 58.9% in the second quarter. LS Investment Advisors LLC now owns 1,992 shares of the company’s stock valued at $171,000 after buying an additional 738 shares during the period. Mount Lucas Management LP boosted its position in Jack In The Box by 10.8% in the first quarter. Mount Lucas Management LP now owns 3,208 shares of the company’s stock valued at $205,000 after buying an additional 312 shares during the period. Capstone Asset Management Co. purchased a new position in Jack In The Box during the second quarter valued at approximately $224,000. Finally, Pacer Advisors Inc. purchased a new position in Jack In The Box during the second quarter valued at approximately $229,000. Institutional investors own 98.56% of the company’s stock.
Several analysts recently issued reports on JACK shares. Vetr raised Jack In The Box from a “hold” rating to a “buy” rating and set a $87.97 target price on the stock in a research note on Monday, June 27th. Cowen and Company reissued a “buy” rating on shares of Jack In The Box in a research note on Sunday, May 29th. Jefferies Group reissued a “buy” rating and issued a $87.00 target price on shares of Jack In The Box in a research note on Friday, May 27th. Zacks Investment Research raised Jack In The Box from a “hold” rating to a “buy” rating and set a $94.00 target price on the stock in a research note on Tuesday, June 28th. Finally, TheStreet raised Jack In The Box from a “hold” rating to a “buy” rating in a research note on Friday, August 12th. One analyst has rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the company’s stock. Jack In The Box presently has a consensus rating of “Buy” and an average target price of $99.11.
Jack In The Box Company Profile
Jack in the Box Inc is a restaurant company. The Company operates and franchises approximately 2,910 Jack in the Box quick-service restaurants (QSR) and Qdoba Mexican Eats fast-casual restaurants (Qdoba). Its segments are Jack in the Box and Qdoba Restaurant operations. It operates and franchises approximately 2,250 Jack in the Box restaurants, primarily in the western and southern United States, including one in Guam, over 660 Qdoba restaurants across the United States, and approximately four in Canada.
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