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.
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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.
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