Carl Mount Sells 1,393 Shares of Jack In The Box (NASDAQ:JACK) Stock

Jack In The Box Inc. (NASDAQ:JACK) SVP Carl Mount sold 1,393 shares of Jack In The Box stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $19.00, for a total value of $26,467.00. Following the sale, the senior vice president owned 19,300 shares in the company, valued at $366,700. The trade was a 6.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Jack In The Box Stock Performance

JACK opened at $19.46 on Thursday. Jack In The Box Inc. has a fifty-two week low of $13.99 and a fifty-two week high of $50.45. The firm has a 50-day moving average of $17.59 and a 200 day moving average of $19.16. The firm has a market cap of $367.74 million, a P/E ratio of -5.64 and a beta of 1.20.

Jack In The Box (NASDAQ:JACK) last released its earnings results on Wednesday, November 19th. The restaurant operator reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.16). Jack In The Box had a negative net margin of 4.34% and a negative return on equity of 11.31%. The company had revenue of $326.19 million during the quarter, compared to analysts’ expectations of $324.23 million. During the same quarter in the previous year, the firm earned $1.16 earnings per share. The firm’s revenue was down 6.6% compared to the same quarter last year. Equities research analysts predict that Jack In The Box Inc. will post 5.33 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on JACK. Bank of America assumed coverage on Jack In The Box in a research report on Monday, October 13th. They issued a “buy” rating and a $22.00 target price for the company. Royal Bank Of Canada cut their price target on Jack In The Box from $22.00 to $16.00 and set an “outperform” rating for the company in a research note on Thursday, November 20th. The Goldman Sachs Group lowered their price objective on Jack In The Box from $17.00 to $15.00 and set a “sell” rating on the stock in a research note on Thursday, November 20th. Wall Street Zen downgraded shares of Jack In The Box from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. Finally, Barclays cut their target price on shares of Jack In The Box from $17.00 to $15.00 and set an “equal weight” rating for the company in a research report on Thursday, November 20th. Five investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, Jack In The Box currently has a consensus rating of “Hold” and a consensus target price of $23.90.

Institutional Trading of Jack In The Box

A number of institutional investors have recently added to or reduced their stakes in JACK. Royal Bank of Canada grew its holdings in Jack In The Box by 5.9% during the 1st quarter. Royal Bank of Canada now owns 12,035 shares of the restaurant operator’s stock valued at $327,000 after buying an additional 671 shares in the last quarter. US Bancorp DE lifted its holdings in shares of Jack In The Box by 96.7% in the third quarter. US Bancorp DE now owns 1,420 shares of the restaurant operator’s stock worth $28,000 after buying an additional 698 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Jack In The Box by 165.5% in the third quarter. GAMMA Investing LLC now owns 1,341 shares of the restaurant operator’s stock worth $27,000 after buying an additional 836 shares in the last quarter. Hantz Financial Services Inc. boosted its position in shares of Jack In The Box by 136.0% in the third quarter. Hantz Financial Services Inc. now owns 2,318 shares of the restaurant operator’s stock valued at $46,000 after acquiring an additional 1,336 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Jack In The Box by 21.7% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,122 shares of the restaurant operator’s stock valued at $221,000 after acquiring an additional 1,449 shares in the last quarter. Hedge funds and other institutional investors own 99.79% of the company’s stock.

About Jack In The Box

Jack in the Box Inc operates and franchises Jack in the Box and Del Taco quick-service restaurants in the United States. The company was founded in 1951 and is headquartered in San Diego, California.