Jack in the Box Inc. (NASDAQ:JACK) VP Raymond Pepper sold 230 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 $22,949.40. Following the completion of the transaction, the vice president now directly owns 5,436 shares of the company’s stock, valued at approximately $542,404.08. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Shares of Jack in the Box Inc. (NASDAQ JACK) traded down $1.78 during trading hours on Friday, hitting $92.86. The company had a trading volume of 1,208,700 shares, compared to its average volume of 780,025. The company has a market cap of $2,733.15, a P/E ratio of 21.10, a PEG ratio of 1.53 and a beta of 0.52. 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 52 week low of $90.89 and a 52 week high of $113.00.
Jack in the Box (NASDAQ:JACK) last posted its quarterly 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). Jack in the Box had a negative return on equity of 30.55% and a net margin of 8.71%. The business had revenue of $338.75 million during the quarter, compared to the consensus estimate of $341.34 million. During the same quarter in the previous year, the company earned $1.03 earnings per share. The company’s revenue for the quarter was down 15.0% compared to the same quarter last year. research analysts predict that Jack in the Box Inc. will post 4.43 EPS 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 paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, December 1st. This represents a $1.60 annualized dividend and a yield of 1.72%. Jack in the Box’s payout ratio is 36.36%.
JACK has been the subject of a number of recent analyst reports. Wells Fargo & Co decreased their target price on Jack in the Box from $120.00 to $117.00 and set an “outperform” rating for the company in a research report on Wednesday, November 15th. Oppenheimer reissued a “buy” rating and issued a $125.00 target price on shares of Jack in the Box in a research report on Monday, November 20th. Jefferies Group reissued a “buy” rating and issued a $120.00 target price on shares of Jack in the Box in a research report on Thursday, October 12th. Wedbush downgraded Jack in the Box from an “outperform” rating to a “neutral” rating and cut their price target 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 research note on Wednesday, October 18th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $111.15.
Hedge funds have recently bought and sold shares 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. boosted its stake 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 purchasing 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. boosted its stake in Jack in the Box by 51.1% in the 2nd quarter. Clinton Group Inc. now owns 19,565 shares of the restaurant operator’s stock worth $1,927,000 after purchasing an additional 6,617 shares during the period. Finally, Bank of Nova Scotia purchased a new stake in shares of Jack in the Box during the 2nd quarter worth approximately $9,850,000. Institutional investors and hedge funds own 98.71% of the company’s stock.
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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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