Jack in the Box Inc. (NASDAQ:JACK) EVP Sells $89,000.00 in Stock

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Jack in the Box Inc. (NASDAQ:JACK) EVP Mark H. Blankenship sold 1,000 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $89.00, for a total transaction of $89,000.00. Following the sale, the executive vice president now owns 22,097 shares of the company’s stock, valued at $1,966,633. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

NASDAQ JACK opened at $88.65 on Friday. The firm has a 50-day simple moving average of $78.99 and a 200 day simple moving average of $80.04. Jack in the Box Inc. has a twelve month low of $70.77 and a twelve month high of $91.72. The stock has a market cap of $2.30 billion, a PE ratio of 23.39, a PEG ratio of 1.58 and a beta of 0.30.

Jack in the Box (NASDAQ:JACK) last released its earnings results on Wednesday, August 7th. The restaurant operator reported $1.07 earnings per share for the quarter, beating the Thomson Reuters’ 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 during the quarter, compared to analysts’ expectations of $220.44 million. During the same quarter last year, the company earned $1.00 earnings per share. The firm’s revenue was up 18.3% on a year-over-year basis. On average, sell-side analysts predict that Jack in the Box Inc. will post 4.34 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Monday, August 19th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.80%. The ex-dividend date is Friday, August 16th. Jack in the Box’s payout ratio is presently 42.22%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC lifted its stake in shares of Jack in the Box by 6,483.3% in the second quarter. Tower Research Capital LLC TRC now owns 395 shares of the restaurant operator’s stock valued at $32,000 after buying an additional 389 shares during the period. Strs Ohio bought a new stake in shares of Jack in the Box in the second quarter valued at about $40,000. Quadrant Capital Group LLC lifted its stake in shares of Jack in the Box by 1,815.0% in the first quarter. Quadrant Capital Group LLC now owns 766 shares of the restaurant operator’s stock valued at $60,000 after buying an additional 726 shares during the period. Point72 Hong Kong Ltd lifted its stake in shares of Jack in the Box by 3,727.3% in the second quarter. Point72 Hong Kong Ltd now owns 842 shares of the restaurant operator’s stock valued at $69,000 after buying an additional 820 shares during the period. Finally, Acadian Asset Management LLC bought a new stake in shares of Jack in the Box in the second quarter valued at about $159,000. Institutional investors and hedge funds own 95.52% of the company’s stock.

A number of research firms have issued reports on JACK. ValuEngine upgraded shares of Jack in the Box from a “sell” rating to a “hold” rating in a report on Thursday, August 8th. Wedbush upgraded shares of Jack in the Box from a “neutral” rating to an “outperform” rating and upped their price target for the company from $75.00 to $105.00 in a report on Friday, August 9th. Goldman Sachs Group began coverage on shares of Jack in the Box in a report on Monday, July 29th. They set a “sell” rating and a $69.00 price target for the company. Robert W. Baird upped their price target on shares of Jack in the Box from $95.00 to $104.00 and gave the company an “outperform” rating in a report on Friday, August 9th. Finally, SunTrust Banks upped their price target on shares of Jack in the Box to $108.00 and gave the company a “buy” rating in a report on Friday, May 17th. Two investment 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. The company presently has a consensus rating of “Hold” and a consensus price target 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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