Carl Mount Sells 1,142 Shares of Jack In The Box (NASDAQ:JACK) Stock

Jack In The Box Inc. (NASDAQ:JACK) SVP Carl Mount sold 1,142 shares of the firm’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $12.10, for a total value of $13,818.20. Following the transaction, the senior vice president directly owned 40,730 shares in the company, valued at $492,833. This trade represents a 2.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Jack In The Box Stock Up 6.2%

Shares of NASDAQ JACK opened at $13.63 on Thursday. The stock has a market cap of $259.52 million, a P/E ratio of -2.22, a P/E/G ratio of 0.72 and a beta of 1.45. The firm’s 50-day simple moving average is $12.61 and its 200 day simple moving average is $16.89. Jack In The Box Inc. has a fifty-two week low of $8.91 and a fifty-two week high of $29.40.

Jack In The Box (NASDAQ:JACK) last announced its earnings results on Wednesday, February 18th. The restaurant operator reported $1.00 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.10). The company had revenue of $349.52 million during the quarter, compared to the consensus estimate of $355.73 million. Jack In The Box had a negative net margin of 8.69% and a negative return on equity of 7.12%. The business’s quarterly revenue was down 5.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.86 EPS. On average, sell-side analysts anticipate that Jack In The Box Inc. will post 3.36 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on JACK. Citigroup cut their target price on Jack In The Box from $24.00 to $15.00 and set a “neutral” rating for the company in a research report on Wednesday, April 29th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Jack In The Box in a research report on Tuesday, April 21st. Truist Financial boosted their price objective on Jack In The Box from $16.00 to $18.00 and gave the stock a “hold” rating in a research note on Thursday, January 8th. The Goldman Sachs Group upped their price objective on Jack In The Box from $15.00 to $17.00 and gave the company a “sell” rating in a report on Wednesday, January 28th. Finally, Sanford C. Bernstein set a $23.00 target price on Jack In The Box in a research note on Thursday, February 19th. Four analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $21.18.

Institutional Trading of Jack In The Box

A number of large investors have recently added to or reduced their stakes in the business. Callodine Capital Management LP grew its position in Jack In The Box by 0.3% in the fourth quarter. Callodine Capital Management LP now owns 1,700,504 shares of the restaurant operator’s stock worth $32,225,000 after buying an additional 5,000 shares during the last quarter. Nantahala Capital Management LLC lifted its position in shares of Jack In The Box by 44.3% during the 4th quarter. Nantahala Capital Management LLC now owns 865,990 shares of the restaurant operator’s stock valued at $16,411,000 after acquiring an additional 265,990 shares during the last quarter. Marshall Wace LLP boosted its stake in shares of Jack In The Box by 192.9% during the 3rd quarter. Marshall Wace LLP now owns 744,141 shares of the restaurant operator’s stock worth $14,712,000 after acquiring an additional 490,071 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Jack In The Box by 18.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 639,060 shares of the restaurant operator’s stock worth $12,110,000 after acquiring an additional 97,326 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Jack In The Box by 1.9% in the 4th quarter. JPMorgan Chase & Co. now owns 396,673 shares of the restaurant operator’s stock worth $7,517,000 after acquiring an additional 7,346 shares during the last quarter. 99.79% of the stock is currently owned by institutional investors.

Jack In The Box Company Profile

Jack in the Box (NASDAQ: JACK) is a publicly traded quick-service restaurant company best known for its Jack in the Box brand of fast-food restaurants. Founded in 1951 by Robert O. Peterson and headquartered in San Diego, California, the company has operated for decades as a franchisor and operator of drive-thru and dine-in restaurants. Its business model combines company-owned locations with franchise arrangements, and the company focuses on building brand recognition through menu innovation, marketing and service convenience.

The company’s core offerings center on a broad fast-food menu that includes hamburgers (notably the Jumbo Jack), tacos, breakfast items, sandwiches, salads, sides and specialty limited-time items.