Jack in the Box Inc. (NASDAQ:JACK) SVP Paul D. Melancon sold 404 shares of the firm’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $102.22, for a total value of $41,296.88. Following the completion of the sale, the senior vice president now owns 4,946 shares in the company, valued at $505,580.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Jack in the Box Inc. (JACK) traded down $1.46 during midday trading on Monday, hitting $103.11. 256,586 shares of the company were exchanged, compared to its average volume of 669,037. Jack in the Box Inc. has a fifty-two week low of $90.89 and a fifty-two week high of $113.27. The company has a current ratio of 0.53, a quick ratio of 0.51 and a debt-to-equity ratio of -2.79. The company has a market capitalization of $3,077.86, a PE ratio of 26.95, a P/E/G ratio of 1.88 and a beta of 0.51.

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 analysts’ consensus estimates of $0.89 by ($0.16). Jack in the Box had a net margin of 8.71% and a negative return on equity of 30.55%. The company had revenue of $338.75 million for the quarter, compared to the consensus estimate of $341.34 million. During the same quarter in the prior year, the firm earned $1.03 earnings per share. Jack in the Box’s revenue for the quarter was down 15.0% compared to the same quarter last year. analysts expect that Jack in the Box Inc. will post 4.49 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Monday, December 4th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend is Friday, December 1st. Jack in the Box’s dividend payout ratio is currently 36.36%.

A number of equities research analysts have issued reports on the company. Zacks Investment Research cut Jack in the Box from a “hold” rating to a “strong sell” rating in a research note on Tuesday, December 5th. SunTrust Banks set a $109.00 target price on Jack in the Box and gave the company a “buy” rating in a research note on Friday, December 1st. Wedbush cut Jack in the Box from an “outperform” rating to a “neutral” rating and cut their target price for the company from $115.00 to $104.00 in a research note on Monday, November 20th. Wells Fargo & Company cut their target price on Jack in the Box from $120.00 to $117.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 15th. Finally, Oppenheimer reiterated a “buy” rating and issued a $125.00 target price on shares of Jack in the Box in a research note on Monday, November 20th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company’s stock. Jack in the Box currently has a consensus rating of “Buy” and a consensus price target of $112.62.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Royal Bank of Canada grew its holdings in Jack in the Box by 9.0% during the second quarter. Royal Bank of Canada now owns 1,274 shares of the restaurant operator’s stock worth $126,000 after acquiring an additional 105 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Jack in the Box by 61.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,585 shares of the restaurant operator’s stock worth $156,000 after acquiring an additional 601 shares during the period. Victory Capital Management Inc. grew its holdings in Jack in the Box by 17.8% during the second quarter. Victory Capital Management Inc. now owns 1,875 shares of the restaurant operator’s stock worth $185,000 after acquiring an additional 283 shares during the period. Vident Investment Advisory LLC acquired a new position in Jack in the Box during the third quarter worth about $203,000. Finally, Diligent Investors LLC acquired a new position in Jack in the Box during the third quarter worth about $206,000. Institutional investors and hedge funds own 99.23% of the company’s stock.

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Jack in the Box Company Profile

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.

Insider Buying and Selling by Quarter for Jack in the Box (NASDAQ:JACK)

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