Phillip H. Rudolph Sells 2,027 Shares of Jack in the Box Inc. (NASDAQ:JACK) Stock

Jack in the Box Inc. (NASDAQ:JACK) EVP Phillip H. Rudolph sold 2,027 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 $202,254.06. Following the completion of the transaction, the executive vice president now directly owns 23,311 shares in the company, valued at approximately $2,325,971.58. The sale was disclosed in a document filed with the SEC, which is available at this link.

Shares of Jack in the Box Inc. (JACK) opened at $92.86 on Friday. 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 Inc. has a 1-year low of $90.89 and a 1-year high of $113.00.

Jack in the Box (NASDAQ:JACK) last issued its quarterly earnings results on Wednesday, November 29th. The restaurant operator reported $0.73 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.89 by ($0.16). The business had revenue of $338.75 million during 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 business’s quarterly revenue was down 15.0% on a year-over-year basis. During the same period in the prior year, the firm earned $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 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 reissued a “buy” rating and issued a $125.00 price target on shares of Jack in the Box in a research note on Monday, November 20th. Jefferies Group reissued a “buy” rating and issued a $120.00 price target 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 raised Jack in the Box from a “sell” rating to a “hold” rating in a research note 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.

Hedge funds and other institutional investors have recently modified their holdings of the business. Airain ltd bought a new position in Jack in the Box in the 2nd quarter worth approximately $1,875,000. Vaughan Nelson Investment Management L.P. increased its position in Jack in the Box by 60.9% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 850,225 shares of the restaurant operator’s stock worth $86,656,000 after buying an additional 321,825 shares during the period. Bain Capital Public Equity Management LLC bought a new position in Jack in the Box in the 2nd quarter worth 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.

COPYRIGHT VIOLATION WARNING: “Phillip H. Rudolph Sells 2,027 Shares of Jack in the Box Inc. (NASDAQ:JACK) Stock” was originally posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this piece of content on another domain, it was illegally stolen and reposted in violation of international copyright & trademark law. The original version of this piece of content can be accessed at https://www.dispatchtribunal.com/2018/01/13/jack-in-the-box-inc-jack-evp-sells-202254-06-in-stock.html.

About Jack in the Box

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.

Leave a Reply