Jack in the Box Inc. (NASDAQ:JACK) SVP Paul D. Melancon sold 461 shares of Jack in the Box stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $99.78, for a total value of $45,998.58. Following the transaction, the senior vice president now directly owns 5,370 shares in the company, valued at $535,818.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Jack in the Box Inc. (JACK) opened at $92.86 on Friday. Jack in the Box Inc. has a 1-year low of $90.89 and a 1-year high of $113.00. The company has a quick ratio of 0.51, a current ratio of 0.53 and a debt-to-equity ratio of -2.79. The firm has a market capitalization of $2,785.58, a P/E ratio of 21.10, a P/E/G ratio of 1.56 and a beta of 0.52.
Jack in the Box (NASDAQ:JACK) last posted its earnings results on Wednesday, November 29th. The restaurant operator reported $0.73 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.89 by ($0.16). The company had revenue of $338.75 million during the quarter, compared to analyst estimates 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 for the quarter was down 15.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.03 earnings per share. analysts predict that Jack in the Box Inc. will post 4.54 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Monday, December 4th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.72%. The ex-dividend date of this dividend was Friday, December 1st. Jack in the Box’s dividend payout ratio is currently 36.36%.
A number of hedge funds and other institutional investors have recently modified their holdings of JACK. Airain ltd bought a new stake in shares of Jack in the Box during the second quarter valued at approximately $1,875,000. Vaughan Nelson Investment Management L.P. increased its position in shares of Jack in the Box by 60.9% during 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 purchasing an additional 321,825 shares during the period. Bain Capital Public Equity Management LLC bought a new stake in shares of Jack in the Box during the second quarter valued at approximately $54,752,000. Clinton Group Inc. increased its position in shares of Jack in the Box by 51.1% during the second quarter. Clinton Group Inc. now owns 19,565 shares of the restaurant operator’s stock valued at $1,927,000 after purchasing an additional 6,617 shares during the period. Finally, Bank of Nova Scotia bought a new stake in shares of Jack in the Box during the second quarter valued at approximately $9,850,000. 98.71% of the stock is currently owned by institutional investors.
A number of equities analysts recently weighed in on JACK shares. Wells Fargo & Co dropped their price target on Jack in the Box from $120.00 to $117.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 15th. Oppenheimer reaffirmed a “buy” rating and set a $125.00 target price on shares of Jack in the Box in a research note on Monday, November 20th. Jefferies Group reaffirmed a “buy” rating and set a $120.00 target price on shares of Jack in the Box in a research note on Thursday, October 12th. Wedbush cut Jack in the Box from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $115.00 to $104.00 in a research note on Monday, November 20th. Finally, Zacks Investment Research upgraded Jack in the Box from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $111.15.
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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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