Insider Selling: Jack in the Box Inc. (NASDAQ:JACK) Insider Sells 1,151 Shares of Stock

Jack in the Box Inc. (NASDAQ:JACK) insider Frances L. Allen sold 1,151 shares of the firm’s stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $99.78, for a total transaction of $114,846.78. Following the completion of the sale, the insider now owns 13,209 shares in the company, valued at approximately $1,317,994.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Jack in the Box Inc. (NASDAQ:JACK) opened at $92.86 on Friday. The company has a current ratio of 0.53, a quick ratio of 0.51 and a debt-to-equity ratio of -2.79. Jack in the Box Inc. has a 12-month low of $90.89 and a 12-month high of $113.00. The stock has a market capitalization of $2,733.15, a PE ratio of 21.10, a PEG ratio of 1.53 and a beta of 0.52.

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). Jack in the Box had a net margin of 8.71% and a negative return on equity of 30.55%. The business had revenue of $338.75 million during the quarter, compared to analyst estimates of $341.34 million. During the same quarter in the prior year, the firm posted $1.03 earnings per share. Jack in the Box’s revenue for the quarter was down 15.0% compared to the same quarter last year. equities research analysts predict that Jack in the Box Inc. will post 4.43 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Monday, December 4th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.72%. The ex-dividend date was Friday, December 1st. Jack in the Box’s payout ratio is 36.36%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada raised its stake in shares of Jack in the Box by 9.0% during the 2nd quarter. Royal Bank of Canada now owns 1,274 shares of the restaurant operator’s stock worth $126,000 after purchasing an additional 105 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Jack in the Box by 61.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,585 shares of the restaurant operator’s stock worth $156,000 after purchasing an additional 601 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Jack in the Box by 17.8% during the 2nd quarter. Victory Capital Management Inc. now owns 1,875 shares of the restaurant operator’s stock worth $185,000 after purchasing an additional 283 shares in the last quarter. FNY Managed Accounts LLC raised its stake in shares of Jack in the Box by 90.6% during the 2nd quarter. FNY Managed Accounts LLC now owns 2,030 shares of the restaurant operator’s stock worth $199,000 after purchasing an additional 965 shares in the last quarter. Finally, Vident Investment Advisory LLC bought a new stake in shares of Jack in the Box during the 3rd quarter worth approximately $203,000. Hedge funds and other institutional investors own 98.71% of the company’s stock.

A number of research firms have weighed in on JACK. Robert W. Baird reiterated a “buy” rating and set a $115.00 price target on shares of Jack in the Box in a research note on Tuesday, September 19th. Wedbush reiterated a “buy” rating and set a $115.00 price target on shares of Jack in the Box in a research note on Friday, October 13th. Wells Fargo & Co cut their price objective on Jack in the Box from $120.00 to $117.00 and set an “outperform” rating for the company in a report on Wednesday, November 15th. BidaskClub cut Jack in the Box from a “sell” rating to a “strong sell” rating in a report on Tuesday, December 19th. Finally, Goldman Sachs Group raised Jack in the Box from a “sell” rating to a “neutral” rating in a report on Friday, January 5th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the stock. Jack in the Box currently has a consensus rating of “Hold” and a consensus price target 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.

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

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