Jack in the Box Inc. (NASDAQ:JACK) CFO Sells $179,702.76 in Stock

Jack in the Box Inc. (NASDAQ:JACK) CFO Jerry P. Rebel sold 1,758 shares of the business’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $102.22, for a total transaction of $179,702.76. Following the transaction, the chief financial officer now owns 108,408 shares in the company, valued at approximately $11,081,465.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Shares of Jack in the Box Inc. (JACK) traded down $1.74 during mid-day trading on Tuesday, hitting $96.37. 1,168,723 shares of the stock traded hands, compared to its average volume of 893,610. The company has a debt-to-equity ratio of -2.79, a current ratio of 0.53 and a quick ratio of 0.51. Jack in the Box Inc. has a 52 week low of $90.89 and a 52 week high of $113.00. The company has a market capitalization of $2,840.00, a P/E ratio of 21.46, a price-to-earnings-growth ratio of 1.60 and a beta of 0.51.

Jack in the Box (NASDAQ:JACK) last issued its quarterly earnings data on Wednesday, November 29th. The restaurant operator reported $0.73 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.89 by ($0.16). The company had revenue of $338.75 million for the quarter, compared to the consensus estimate of $341.34 million. Jack in the Box had a negative return on equity of 30.55% and a net margin of 8.71%. The firm’s revenue was down 15.0% on a year-over-year basis. During the same period in the prior year, the company earned $1.03 EPS. sell-side analysts predict that Jack in the Box Inc. will post 4.47 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Monday, December 4th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend was Friday, December 1st. Jack in the Box’s dividend payout ratio (DPR) is currently 35.63%.

A number of analysts recently weighed in on JACK shares. BTIG Research cut shares of Jack in the Box from a “buy” rating to a “neutral” rating in a research note on Tuesday. Jefferies Group cut shares of Jack in the Box from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $120.00 to $100.00 in a research note on Wednesday, December 20th. Stifel Nicolaus initiated coverage on shares of Jack in the Box in a research note on Monday, October 2nd. They set a “hold” rating and a $105.00 price objective on the stock. BidaskClub lowered shares of Jack in the Box from a “sell” rating to a “strong sell” rating in a research report on Tuesday, December 19th. Finally, Oppenheimer reiterated a “buy” rating on shares of Jack in the Box in a research report on Tuesday, December 19th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $111.08.

A number of institutional investors have recently added to or reduced their stakes in the stock. Jana Partners LLC acquired a new stake in Jack in the Box in the third quarter valued at $134,200,000. State Street Corp lifted its stake in Jack in the Box by 0.3% in the second quarter. State Street Corp now owns 1,064,477 shares of the restaurant operator’s stock valued at $104,850,000 after acquiring an additional 3,496 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its stake in Jack in the Box by 60.9% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 850,225 shares of the restaurant operator’s stock valued at $86,656,000 after acquiring an additional 321,825 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Jack in the Box by 1.1% in the second quarter. Dimensional Fund Advisors LP now owns 746,173 shares of the restaurant operator’s stock valued at $73,497,000 after acquiring an additional 8,434 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its stake in Jack in the Box by 14.2% in the third quarter. Janus Henderson Group PLC now owns 623,109 shares of the restaurant operator’s stock valued at $63,507,000 after acquiring an additional 77,557 shares during the last quarter. 98.71% of the stock is owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: “Jack in the Box Inc. (NASDAQ:JACK) CFO Sells $179,702.76 in Stock” was posted by TrueBlueTribune and is the property of of TrueBlueTribune. If you are accessing this piece on another website, it was illegally stolen and republished in violation of U.S. and international trademark and copyright law. The correct version of this piece can be read at https://www.truebluetribune.com/2018/01/03/insider-selling-jack-in-the-box-inc-jack-cfo-sells-179702-76-in-stock.html.

Jack in the Box Company Profile

Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants (QSRs) and Qdoba Mexican Eats (Qdoba) fast-casual restaurants. The Company operates in two segments: Jack in the Box and Qdoba restaurant operations. Qdoba is a fast-casual Mexican food brand in the United States, offering food items including burritos, tacos, salads, and quesadillas.

Insider Buying and Selling by Quarter for Jack in the Box (NASDAQ:JACK)

Receive News & Ratings for Jack in the Box Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jack in the Box and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply