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 the firm’s stock in a transaction on Tuesday, September 13th. The stock was sold at an average price of $96.68, for a total value 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 $15,924,162.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Shares of Jack In The Box Inc. (NASDAQ:JACK) opened at 99.34 on Monday. Jack In The Box Inc. has a one year low of $61.78 and a one year high of $102.63. The company’s 50 day moving average price is $96.62 and its 200 day moving average price is $80.73. The stock has a market capitalization of $3.25 billion, a price-to-earnings ratio of 30.21 and a beta of 0.45.
Jack In The Box (NASDAQ:JACK) last released its earnings results on Wednesday, August 3rd. The company reported $1.07 EPS 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 firm earned $368.94 million during the quarter, compared to analyst estimates of $367.52 million. During the same quarter in the previous year, the business earned $0.76 EPS. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. On average, analysts expect that Jack In The Box Inc. will post $3.73 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, August 29th. Shareholders of record on Tuesday, August 16th were issued 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 of this dividend was Friday, August 12th. Jack In The Box’s dividend payout ratio is presently 36.36%.
A number of hedge funds have recently added to or reduced their stakes in JACK. Panagora Asset Management Inc. raised its stake in Jack In The Box by 13.8% in the first quarter. Panagora Asset Management Inc. now owns 247,766 shares of the company’s stock worth $15,825,000 after buying an additional 29,972 shares in the last quarter. Mount Lucas Management LP raised its stake in Jack In The Box by 10.8% in the first quarter. Mount Lucas Management LP now owns 3,208 shares of the company’s stock worth $205,000 after buying an additional 312 shares in the last quarter. Suvretta Capital Management LLC acquired a new stake in Jack In The Box during the first quarter worth approximately $30,683,000. Springbok Capital Management LLC acquired a new stake in Jack In The Box during the first quarter worth approximately $607,000. Finally, Envestnet Asset Management Inc. raised its stake in Jack In The Box by 129.6% in the first quarter. Envestnet Asset Management Inc. now owns 6,265 shares of the company’s stock worth $400,000 after buying an additional 3,536 shares in the last quarter. 98.86% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have recently weighed in on JACK shares. Vetr lowered Jack In The Box from a “strong-buy” rating to a “buy” rating and set a $84.69 price objective for the company. in a research note on Wednesday, May 25th. Robert W. Baird reissued an “outperform” rating on shares of Jack In The Box in a research note on Thursday, September 8th. Telsey Advisory Group reduced their price objective on Jack In The Box from $105.00 to $85.00 and set an “outperform” rating for the company in a research note on Wednesday, July 13th. Oppenheimer Holdings Inc. raised their price objective on Jack In The Box from $86.00 to $91.00 and gave the stock an “outperform” rating in a research note on Thursday, May 26th. Finally, Wells Fargo & Co. reissued an “outperform” rating and set a $90.50 price objective (up from $82.50) on shares of Jack In The Box in a research note on Thursday, August 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $99.11.
Jack In The Box Company Profile
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.
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