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

JACK traded down $0.69 on Thursday, reaching $88.65. 530,376 shares of the company’s stock were exchanged, compared to its average volume of 566,871. The firm has a market capitalization of $2.26 billion, a PE ratio of 23.39, a PEG ratio of 1.56 and a beta of 0.30. Jack in the Box Inc. has a twelve month low of $70.77 and a twelve month high of $91.72. The business has a fifty day moving average price of $78.80.

Jack in the Box (NASDAQ:JACK) last posted its quarterly earnings results on Wednesday, August 7th. The restaurant operator reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.08. The firm had revenue of $222.36 million for 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%. Jack in the Box’s quarterly revenue was up 18.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.00 earnings per share. Research analysts anticipate that Jack in the Box Inc. will post 4.34 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Monday, August 19th will be given 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 payout ratio is presently 42.22%.

A number of research analysts recently issued reports on the stock. Credit Suisse Group boosted their target price on shares of Jack in the Box from $75.00 to $78.00 and gave the company an “underperform” rating in a research report on Friday, August 9th. SunTrust Banks boosted their target price on shares of Jack in the Box to $108.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Morgan Stanley set a $89.00 target price on shares of Jack in the Box and gave the stock a “hold” rating in a research note on Friday, August 9th. Stifel Nicolaus raised shares of Jack in the Box from a “hold” rating to a “buy” rating and boosted their target price for the stock from $85.00 to $95.00 in a research note on Monday, May 20th. Finally, Wedbush upgraded shares of Jack in the Box from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $75.00 to $105.00 in a research report on Friday, August 9th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $91.50.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC boosted its holdings in Jack in the Box by 6,483.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 395 shares of the restaurant operator’s stock valued at $32,000 after purchasing an additional 389 shares during the last quarter. Strs Ohio acquired a new position in Jack in the Box in the 2nd quarter valued at about $40,000. Quadrant Capital Group LLC boosted its holdings in Jack in the Box by 1,815.0% in the 1st quarter. Quadrant Capital Group LLC now owns 766 shares of the restaurant operator’s stock valued at $60,000 after purchasing an additional 726 shares during the last quarter. Point72 Hong Kong Ltd boosted its holdings in Jack in the Box by 3,727.3% in the 2nd quarter. Point72 Hong Kong Ltd now owns 842 shares of the restaurant operator’s stock valued at $69,000 after purchasing an additional 820 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new position in Jack in the Box in the 2nd quarter valued at about $159,000. Hedge funds and other institutional investors own 95.52% of the company’s stock.

Jack in the Box Company Profile

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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