Jack in the Box Inc. (JACK) SVP Sells $41,296.88 in Stock
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.
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.
ILLEGAL ACTIVITY WARNING: This news story was first posted by Watch List News and is the property of of Watch List News. If you are accessing this news story on another site, it was copied illegally and reposted in violation of United States and international trademark & copyright laws. The legal version of this news story can be read at https://www.watchlistnews.com/jack-in-the-box-inc-jack-svp-sells-41296-88-in-stock/1757714.html.
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.
Receive News & Ratings for Jack in the Box Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jack in the Box Inc. and related companies with MarketBeat.com's FREE daily email newsletter.