Steven Piano Sells 1,491 Shares of Jack In The Box (NASDAQ:JACK) Stock

Jack In The Box Inc. (NASDAQ:JACK) SVP Steven Piano sold 1,491 shares of the firm’s stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $19.08, for a total transaction of $28,448.28. Following the transaction, the senior vice president directly owned 27,053 shares of the company’s stock, valued at approximately $516,171.24. This trade represents a 5.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Jack In The Box Trading Down 2.7%

Shares of JACK stock opened at $19.33 on Friday. The company has a market cap of $365.34 million, a PE ratio of -4.53, a P/E/G ratio of 0.99 and a beta of 1.13. The company’s fifty day simple moving average is $17.67 and its 200-day simple moving average is $18.95. Jack In The Box Inc. has a 52 week low of $13.99 and a 52 week high of $50.45.

Jack In The Box (NASDAQ:JACK) last announced its quarterly 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 9.23% and a negative net margin of 5.51%.The company had revenue of $326.19 million for the quarter, compared to analyst estimates of $324.23 million. During the same quarter in the previous year, the company posted $1.16 earnings per share. The firm’s revenue for the quarter was down 6.6% compared to the same quarter last year. Equities research analysts expect that Jack In The Box Inc. will post 5.33 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on JACK. Northcoast Research upgraded shares of Jack In The Box from a “sell” rating to a “neutral” rating in a research report on Friday, November 21st. Morgan Stanley set a $20.00 price objective on Jack In The Box in a research report on Tuesday, October 21st. Zacks Research cut Jack In The Box from a “hold” rating to a “strong sell” rating in a research note on Friday, November 21st. Oppenheimer decreased their target price on shares of Jack In The Box from $28.00 to $24.00 and set an “outperform” rating on the stock in a research note on Thursday, November 20th. Finally, Cowen set a $16.00 price objective on shares of Jack In The Box in a research report on Thursday, November 20th. Five investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $23.90.

Hedge Funds Weigh In On Jack In The Box

Large investors have recently modified their holdings of the stock. GAMMA Investing LLC lifted its stake in shares of Jack In The Box by 165.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,341 shares of the restaurant operator’s stock worth $27,000 after purchasing an additional 836 shares during the period. US Bancorp DE boosted its holdings in Jack In The Box by 96.7% during the 3rd quarter. US Bancorp DE now owns 1,420 shares of the restaurant operator’s stock valued at $28,000 after acquiring an additional 698 shares during the period. Quent Capital LLC bought a new position in Jack In The Box in the third quarter worth approximately $42,000. Hantz Financial Services Inc. increased its holdings in Jack In The Box by 136.0% during the third quarter. Hantz Financial Services Inc. now owns 2,318 shares of the restaurant operator’s stock valued at $46,000 after buying an additional 1,336 shares during the period. Finally, Caitong International Asset Management Co. Ltd raised its stake in shares of Jack In The Box by 7,023.3% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 2,137 shares of the restaurant operator’s stock worth $58,000 after acquiring an additional 2,107 shares in the last quarter. Hedge funds and other institutional investors own 99.79% of the company’s stock.

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.