Jack In The Box (NASDAQ:JACK) CEO Purchases $86,450.00 in Stock

Jack In The Box Inc. (NASDAQ:JACK) CEO Lance Tucker purchased 5,000 shares of the company’s stock in a transaction that occurred on Monday, November 24th. The shares were purchased at an average cost of $17.29 per share, for a total transaction of $86,450.00. Following the completion of the transaction, the chief executive officer owned 84,555 shares in the company, valued at approximately $1,461,955.95. This represents a 6.28% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Jack In The Box Trading Up 3.3%

Jack In The Box stock traded up $0.55 during mid-day trading on Monday, reaching $17.36. The company’s stock had a trading volume of 1,996,577 shares, compared to its average volume of 1,053,086. Jack In The Box Inc. has a twelve month low of $13.99 and a twelve month high of $50.45. The business has a 50 day moving average price of $17.62 and a 200-day moving average price of $19.28. The firm has a market cap of $327.81 million, a price-to-earnings ratio of -5.03 and a beta of 1.20.

Jack In The Box (NASDAQ:JACK) last issued 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 return on equity of 11.31% and a negative net margin of 4.34%.The business had revenue of $326.19 million for the quarter, compared to analyst estimates of $324.23 million. During the same period last year, the company posted $1.16 earnings per share. The firm’s revenue for the quarter was down 6.6% on a year-over-year basis. On average, equities analysts expect that Jack In The Box Inc. will post 5.33 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Marshall Wace LLP increased its holdings in shares of Jack In The Box by 192.9% during the third quarter. Marshall Wace LLP now owns 744,141 shares of the restaurant operator’s stock valued at $14,712,000 after purchasing an additional 490,071 shares during the period. Callodine Capital Management LP lifted its holdings in Jack In The Box by 121.3% in the first quarter. Callodine Capital Management LP now owns 675,667 shares of the restaurant operator’s stock worth $18,371,000 after purchasing an additional 370,290 shares during the period. IPG Investment Advisors LLC grew its position in Jack In The Box by 54.8% in the 1st quarter. IPG Investment Advisors LLC now owns 681,935 shares of the restaurant operator’s stock valued at $18,840,000 after buying an additional 241,316 shares in the last quarter. Ameriprise Financial Inc. increased its stake in Jack In The Box by 519.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 241,444 shares of the restaurant operator’s stock valued at $4,773,000 after buying an additional 202,469 shares during the period. Finally, Invenomic Capital Management LP increased its stake in Jack In The Box by 43.5% during the 1st quarter. Invenomic Capital Management LP now owns 511,954 shares of the restaurant operator’s stock valued at $13,920,000 after buying an additional 155,197 shares during the period. Institutional investors and hedge funds own 99.79% of the company’s stock.

Wall Street Analyst Weigh In

JACK has been the subject of a number of research reports. Piper Sandler decreased their target price on Jack In The Box from $19.00 to $17.00 and set a “neutral” rating for the company in a research note on Friday. The Goldman Sachs Group cut their price target on Jack In The Box from $17.00 to $15.00 and set a “sell” rating on the stock in a report on Thursday. Weiss Ratings restated a “sell (e+)” rating on shares of Jack In The Box in a research note on Wednesday, October 8th. Zacks Research raised Jack In The Box from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 7th. Finally, Truist Financial reduced their price target on shares of Jack In The Box from $19.00 to $16.00 and set a “hold” rating for the company in a report on Thursday. Five research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Jack In The Box has an average rating of “Hold” and an average target price of $23.90.

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.