Insider Selling: Jack in the Box Inc. (JACK) CEO Sells $615,466.62 in Stock
Jack in the Box Inc. (NASDAQ:JACK) CEO Leonard A. Comma sold 6,021 shares of the stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $102.22, for a total transaction of $615,466.62. Following the completion of the sale, the chief executive officer now directly owns 173,796 shares of the company’s stock, valued at $17,765,427.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Jack in the Box Inc. (NASDAQ:JACK) opened at $104.57 on Monday. The firm has a market cap of $3,077.86, a P/E ratio of 26.95, a P/E/G ratio of 1.88 and a beta of 0.51. The company has a current ratio of 0.53, a quick ratio of 0.51 and a debt-to-equity ratio of -2.79. Jack in the Box Inc. has a 52-week low of $90.89 and a 52-week high of $113.27.
Jack in the Box (NASDAQ:JACK) last issued its quarterly earnings data on Wednesday, November 29th. The restaurant operator reported $0.73 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.16). The business had revenue of $338.75 million for the quarter, compared to the consensus estimate of $341.34 million. Jack in the Box had a net margin of 8.71% and a negative return on equity of 30.55%. Jack in the Box’s revenue was down 15.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.03 EPS. equities analysts expect that Jack in the Box Inc. will post 4.49 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Monday, December 4th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, December 1st. This represents a $1.60 annualized dividend and a yield of 1.53%. Jack in the Box’s dividend payout ratio (DPR) is presently 36.36%.
Hedge funds have recently made changes to their positions in the business. Airain ltd acquired a new position in Jack in the Box during the second quarter valued at approximately $1,875,000. Vaughan Nelson Investment Management L.P. grew its holdings in Jack in the Box by 60.9% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 850,225 shares of the restaurant operator’s stock valued at $86,656,000 after purchasing an additional 321,825 shares during the last quarter. Bain Capital Public Equity Management LLC acquired a new position in Jack in the Box during the second quarter valued at approximately $54,752,000. Clinton Group Inc. grew its holdings in Jack in the Box by 51.1% during the second quarter. Clinton Group Inc. now owns 19,565 shares of the restaurant operator’s stock valued at $1,927,000 after purchasing an additional 6,617 shares during the last quarter. Finally, Bank of Nova Scotia acquired a new position in Jack in the Box during the second quarter valued at approximately $9,850,000. Institutional investors own 99.23% of the company’s stock.
A number of research firms have recently issued reports on JACK. SunTrust Banks set a $109.00 price target on shares of Jack in the Box and gave the stock a “buy” rating in a research report on Friday, December 1st. Wedbush reissued a “hold” rating and issued a $104.00 price target on shares of Jack in the Box in a research report on Friday, December 1st. Stifel Nicolaus began coverage on shares of Jack in the Box in a research report on Monday, October 2nd. They issued a “hold” rating and a $105.00 price target for the company. UBS set a $105.00 price target on shares of Jack in the Box and gave the stock a “hold” rating in a research report on Thursday, November 30th. Finally, Zacks Investment Research lowered shares of Jack in the Box from a “hold” rating to a “strong sell” rating in a research report on Tuesday, December 5th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $112.62.
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About Jack in the Box
Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants (QSRs) and Qdoba Mexican Eats (Qdoba) fast-casual restaurants. The Company operates in two segments: Jack in the Box and Qdoba restaurant operations. Qdoba is a fast-casual Mexican food brand in the United States, offering food items including burritos, tacos, salads, and quesadillas.
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