Jack in the Box Inc. (NASDAQ:JACK) CEO Sells $267,000.00 in Stock

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Jack in the Box Inc. (NASDAQ:JACK) CEO Leonard A. Comma sold 3,000 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $89.00, for a total transaction of $267,000.00. Following the sale, the chief executive officer now directly owns 189,522 shares of the company’s stock, valued at $16,867,458. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

JACK stock opened at $88.65 on Friday. Jack in the Box Inc. has a 52-week low of $70.77 and a 52-week high of $91.72. The company’s 50 day simple moving average is $78.99 and its 200-day simple moving average is $80.04. The firm has a market capitalization of $2.30 billion, a P/E ratio of 23.39, a P/E/G ratio of 1.58 and a beta of 0.30.

Jack in the Box (NASDAQ:JACK) last released its quarterly earnings results on Wednesday, August 7th. The restaurant operator reported $1.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.08. Jack in the Box had a net margin of 9.78% and a negative return on equity of 18.59%. The business had revenue of $222.36 million for the quarter, compared to analyst estimates of $220.44 million. During the same quarter in the previous year, the business earned $1.00 earnings per share. The firm’s revenue was up 18.3% compared to the same quarter last year. Equities research analysts predict that Jack in the Box Inc. will post 4.34 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Monday, August 19th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, August 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.80%. Jack in the Box’s dividend payout ratio is currently 42.22%.

Several hedge funds have recently added to or reduced their stakes in JACK. Nuveen Asset Management LLC raised its holdings in shares of Jack in the Box by 193.9% during the second quarter. Nuveen Asset Management LLC now owns 872,672 shares of the restaurant operator’s stock valued at $71,026,000 after acquiring an additional 575,737 shares during the period. Norges Bank acquired a new stake in shares of Jack in the Box during the fourth quarter valued at approximately $23,325,000. Invesco Ltd. raised its holdings in shares of Jack in the Box by 51.2% during the second quarter. Invesco Ltd. now owns 857,348 shares of the restaurant operator’s stock valued at $69,780,000 after acquiring an additional 290,312 shares during the period. Marshall Wace LLP raised its holdings in shares of Jack in the Box by 69.3% during the second quarter. Marshall Wace LLP now owns 653,864 shares of the restaurant operator’s stock valued at $53,218,000 after acquiring an additional 267,686 shares during the period. Finally, Holocene Advisors LP raised its holdings in shares of Jack in the Box by 1,386.2% during the second quarter. Holocene Advisors LP now owns 259,046 shares of the restaurant operator’s stock valued at $21,084,000 after acquiring an additional 241,616 shares during the period. Institutional investors and hedge funds own 95.52% of the company’s stock.

Several research firms recently commented on JACK. Credit Suisse Group increased their target price on shares of Jack in the Box from $75.00 to $78.00 and gave the company an “underperform” rating in a research note on Friday, August 9th. SunTrust Banks increased their target price on shares of Jack in the Box to $108.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Stifel Nicolaus raised shares of Jack in the Box from a “hold” rating to a “buy” rating and increased their target price for the company from $85.00 to $95.00 in a research note on Monday, May 20th. BidaskClub raised shares of Jack in the Box from a “sell” rating to a “hold” rating in a research note on Saturday, August 10th. Finally, Morgan Stanley set a $89.00 target price on shares of Jack in the Box and gave the company a “hold” rating in a research note on Friday, August 9th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $91.50.

About Jack in the Box

Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants. As of March 19, 2019, it operated and franchised approximately 2,200 Jack in the Box restaurants in 21 states and Guam. The company was founded in 1951 and is headquartered in San Diego, California.

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