Insider Selling: Jack In The Box (NASDAQ:JACK) CEO Sells $68,764.50 in Stock

Jack In The Box Inc. (NASDAQ:JACK) CEO Lance Tucker sold 3,150 shares of the company’s stock in a transaction that occurred on Wednesday, January 28th. The shares were sold at an average price of $21.83, for a total transaction of $68,764.50. Following the sale, the chief executive officer directly owned 204,068 shares of the company’s stock, valued at approximately $4,454,804.44. This represents a 1.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Jack In The Box Stock Performance

Shares of Jack In The Box stock traded down $0.98 on Wednesday, hitting $20.81. 328,349 shares of the company’s stock were exchanged, compared to its average volume of 527,130. Jack In The Box Inc. has a 1 year low of $13.99 and a 1 year high of $44.15. The company has a 50-day simple moving average of $20.00 and a 200-day simple moving average of $19.20. The stock has a market capitalization of $397.53 million, a PE ratio of -4.87, a PEG ratio of 1.07 and a beta of 1.13.

Jack In The Box (NASDAQ:JACK) last announced its earnings results on Wednesday, November 19th. The restaurant operator reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.16). The company had revenue of $326.19 million during the quarter, compared to the consensus estimate of $324.23 million. Jack In The Box had a negative return on equity of 9.23% and a negative net margin of 5.51%.Jack In The Box’s revenue for the quarter was down 6.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.16 earnings per share. On average, analysts expect that Jack In The Box Inc. will post 5.33 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on JACK. The Goldman Sachs Group increased their target price on shares of Jack In The Box from $15.00 to $17.00 and gave the stock a “sell” rating in a report on Wednesday. Morgan Stanley reduced their price objective on shares of Jack In The Box from $20.00 to $19.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 20th. Royal Bank Of Canada restated an “outperform” rating and set a $25.00 target price on shares of Jack In The Box in a research note on Tuesday, December 9th. Bank of America assumed coverage on Jack In The Box in a research note on Monday, October 13th. They issued a “buy” rating and a $22.00 price target for the company. Finally, Sanford C. Bernstein set a $20.00 price objective on Jack In The Box in a research report on Wednesday, January 7th. Five investment analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Jack In The Box presently has a consensus rating of “Hold” and a consensus price target of $25.20.

Institutional Investors Weigh In On Jack In The Box

Large investors have recently made changes to their positions in the company. Callodine Capital Management LP boosted its stake in Jack In The Box by 4.7% during the third quarter. Callodine Capital Management LP now owns 1,695,504 shares of the restaurant operator’s stock valued at $33,520,000 after buying an additional 75,572 shares during the last quarter. Marshall Wace LLP raised its holdings 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. JPMorgan Chase & Co. boosted its position in shares of Jack In The Box by 45.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 389,327 shares of the restaurant operator’s stock valued at $7,697,000 after acquiring an additional 121,752 shares during the last quarter. Earnest Partners LLC grew its holdings in shares of Jack In The Box by 5.9% in the third quarter. Earnest Partners LLC now owns 312,842 shares of the restaurant operator’s stock valued at $6,185,000 after purchasing an additional 17,300 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in Jack In The Box by 519.5% in the third quarter. Ameriprise Financial Inc. now owns 241,444 shares of the restaurant operator’s stock worth $4,773,000 after purchasing an additional 202,469 shares during the last quarter. 99.79% of the stock is owned by institutional investors.

About Jack In The Box

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.