Insider Selling: Jack in the Box Inc. (NASDAQ:JACK) CEO Sells 3,000 Shares of Stock

Jack in the Box Inc. (NASDAQ:JACK) CEO Leonard A. Comma sold 3,000 shares of the business’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $90.00, for a total value of $270,000.00. Following the transaction, the chief executive officer now owns 186,522 shares in the company, valued at approximately $16,786,980. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

JACK traded down $0.69 during mid-day trading on Thursday, reaching $88.65. 530,376 shares of the company traded hands, compared to its average volume of 566,871. The firm has a market cap of $2.26 billion, a PE ratio of 23.39, a P/E/G ratio of 1.56 and a beta of 0.30. The stock’s fifty day moving average is $78.80. Jack in the Box Inc. has a 52-week low of $70.77 and a 52-week high of $91.72.

Jack in the Box (NASDAQ:JACK) last announced its earnings results on Wednesday, August 7th. The restaurant operator reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.99 by $0.08. The business had revenue of $222.36 million during the quarter, compared to analyst estimates of $220.44 million. Jack in the Box had a net margin of 9.78% and a negative return on equity of 18.59%. The company’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.00 EPS. As a group, sell-side analysts forecast that Jack in the Box Inc. will post 4.34 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Monday, August 19th will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, August 16th. This represents a $1.60 dividend on an annualized basis and a yield of 1.80%. Jack in the Box’s dividend payout ratio is presently 42.22%.

Institutional investors and hedge funds have recently made changes to their positions in the business. Nuveen Asset Management LLC boosted its holdings in shares of Jack in the Box by 193.9% during the 2nd quarter. Nuveen Asset Management LLC now owns 872,672 shares of the restaurant operator’s stock valued at $71,026,000 after purchasing an additional 575,737 shares during the last quarter. Norges Bank bought a new position in shares of Jack in the Box during the 4th quarter valued at about $23,325,000. Invesco Ltd. boosted its holdings in shares of Jack in the Box by 51.2% during the 2nd quarter. Invesco Ltd. now owns 857,348 shares of the restaurant operator’s stock valued at $69,780,000 after purchasing an additional 290,312 shares during the last quarter. Marshall Wace LLP boosted its holdings in shares of Jack in the Box by 69.3% during the 2nd quarter. Marshall Wace LLP now owns 653,864 shares of the restaurant operator’s stock valued at $53,218,000 after purchasing an additional 267,686 shares during the last quarter. Finally, Holocene Advisors LP boosted its holdings in shares of Jack in the Box by 1,386.2% during the 2nd quarter. Holocene Advisors LP now owns 259,046 shares of the restaurant operator’s stock valued at $21,084,000 after purchasing an additional 241,616 shares during the last quarter. Institutional investors and hedge funds own 95.52% of the company’s stock.

Several equities analysts recently issued reports on JACK shares. BidaskClub raised Jack in the Box from a “sell” rating to a “hold” rating in a research report on Saturday, August 10th. Morgan Stanley set a $89.00 price objective on Jack in the Box and gave the company a “hold” rating in a research report on Friday, August 9th. Wedbush raised Jack in the Box from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $75.00 to $105.00 in a research report on Friday, August 9th. Stifel Nicolaus raised Jack in the Box from a “hold” rating to a “buy” rating and upped their price objective for the company from $85.00 to $95.00 in a research report on Monday, May 20th. Finally, Robert W. Baird upped their price objective on Jack in the Box from $95.00 to $104.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company. Jack in the Box currently has a consensus rating of “Hold” and a consensus target price of $91.50.

About Jack in the Box

Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants. As of March 19, 2019, it operated and franchised approximately 2,200 Jack in the Box restaurants in 21 states and Guam. The company was founded in 1951 and is headquartered in San Diego, California.

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

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