Jack In The Box Inc. (JACK) CEO Sells $6,532,860.96 in Stock
Jack In The Box Inc. (NASDAQ:JACK) CEO Leonard A. Comma sold 67,572 shares of Jack In The Box stock in a transaction on Tuesday, September 13th. The stock was sold at an average price of $96.68, for a total transaction of $6,532,860.96. Following the sale, the chief executive officer now directly owns 164,710 shares of the company’s stock, valued at approximately $15,924,162.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Shares of Jack In The Box Inc. (NASDAQ:JACK) opened at 99.34 on Monday. Jack In The Box Inc. has a 12 month low of $61.78 and a 12 month high of $102.63. The company has a market capitalization of $3.25 billion, a PE ratio of 30.21 and a beta of 0.45. The firm’s 50-day moving average is $96.62 and its 200 day moving average is $80.73.
Jack In The Box (NASDAQ:JACK) last announced its earnings results on Wednesday, August 3rd. The company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.20. Jack In The Box had a net margin of 7.41% and a negative return on equity of 120.29%. The business earned $368.94 million during the quarter, compared to the consensus estimate of $367.52 million. During the same quarter last year, the firm earned $0.76 earnings per share. Jack In The Box’s quarterly revenue was up 2.6% on a year-over-year basis. Equities research analysts predict that Jack In The Box Inc. will post $3.73 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, August 29th. Investors of record on Tuesday, August 16th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date was Friday, August 12th. Jack In The Box’s dividend payout ratio is presently 36.36%.
A number of institutional investors have recently made changes to their positions in the company. Suvretta Capital Management LLC purchased a new position in shares of Jack In The Box during the first quarter worth $30,683,000. Advisory Research Inc. purchased a new position in shares of Jack In The Box during the second quarter worth $34,541,000. Norges Bank purchased a new position in shares of Jack In The Box during the fourth quarter worth $24,471,000. Tiger Legatus Capital Management LLC purchased a new position in shares of Jack In The Box during the second quarter worth $18,902,000. Finally, Marshall Wace LLP increased its position in shares of Jack In The Box by 1,094.3% in the second quarter. Marshall Wace LLP now owns 153,647 shares of the company’s stock worth $13,202,000 after buying an additional 140,782 shares in the last quarter. 98.86% of the stock is owned by institutional investors and hedge funds.
A number of analysts have commented on the stock. Robert W. Baird reaffirmed an “outperform” rating on shares of Jack In The Box in a report on Thursday, September 8th. TheStreet raised shares of Jack In The Box from a “hold” rating to a “buy” rating in a report on Friday, August 12th. Wedbush reissued an “outperform” rating and issued a $115.00 price target (up previously from $110.00) on shares of Jack In The Box in a report on Thursday, August 4th. Barclays PLC boosted their price target on shares of Jack In The Box from $86.00 to $96.00 and gave the company an “equal weight” rating in a report on Friday, August 5th. Finally, Zacks Investment Research raised shares of Jack In The Box from a “hold” rating to a “buy” rating and set a $109.00 price target for the company in a report on Friday, August 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the company. Jack In The Box presently has a consensus rating of “Buy” and a consensus price target of $99.11.
About Jack In The Box
Jack in the Box Inc is a restaurant company. The Company operates and franchises approximately 2,910 Jack in the Box quick-service restaurants (QSR) and Qdoba Mexican Eats fast-casual restaurants (Qdoba). Its segments are Jack in the Box and Qdoba Restaurant operations. It operates and franchises approximately 2,250 Jack in the Box restaurants, primarily in the western and southern United States, including one in Guam, over 660 Qdoba restaurants across the United States, and approximately four in Canada.
Receive News & Ratings for Jack In The Box Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jack In The Box Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.