Jack in the Box Inc. (NASDAQ:JACK) insider Keith M. Guilbault sold 525 shares of the stock in a transaction on Friday, December 8th. The shares were sold at an average price of $102.22, for a total transaction of $53,665.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Jack in the Box Inc. (JACK) traded up $1.90 during trading hours on Friday, reaching $104.57. 1,722,592 shares of the company were exchanged, compared to its average volume of 669,037. The firm has a market cap of $3,069.62, a PE ratio of 26.88, a P/E/G ratio of 1.87 and a beta of 0.51. The company has a debt-to-equity ratio of -2.79, a quick ratio of 0.51 and a current ratio of 0.53. Jack in the Box Inc. has a 12-month low of $90.89 and a 12-month high of $113.27.
Jack in the Box (NASDAQ:JACK) last released its earnings results on Wednesday, November 29th. The restaurant operator reported $0.73 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.89 by ($0.16). Jack in the Box had a negative return on equity of 30.55% and a net margin of 8.71%. The firm had revenue of $338.75 million during the quarter, compared to analyst estimates of $341.34 million. During the same quarter last year, the business posted $1.03 EPS. The firm’s revenue was down 15.0% on a year-over-year basis. analysts anticipate that Jack in the Box Inc. will post 4.49 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Monday, December 4th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.53%. The ex-dividend date is Friday, December 1st. Jack in the Box’s dividend payout ratio (DPR) is presently 36.36%.
Several hedge funds have recently added to or reduced their stakes in JACK. Jana Partners LLC acquired a new stake in shares of Jack in the Box in the 3rd quarter worth $134,200,000. Koch Industries Inc. acquired a new stake in shares of Jack in the Box in the 2nd quarter worth $568,000. Bain Capital Public Equity Management LLC acquired a new stake in shares of Jack in the Box in the 2nd quarter worth $54,752,000. Janus Henderson Group PLC acquired a new stake in shares of Jack in the Box in the 2nd quarter worth $53,737,000. Finally, Vaughan Nelson Investment Management L.P. lifted its stake in shares of Jack in the Box by 60.9% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 850,225 shares of the restaurant operator’s stock worth $86,656,000 after acquiring an additional 321,825 shares during the period. Institutional investors own 99.26% of the company’s stock.
A number of research analysts recently commented on JACK shares. Telsey Advisory Group reaffirmed a “market perform” rating on shares of Jack in the Box in a research report on Thursday, August 10th. Oppenheimer reiterated an “outperform” rating and set a $125.00 price target on shares of Jack in the Box in a research note on Thursday, August 10th. Barclays decreased their price target on shares of Jack in the Box from $110.00 to $103.00 and set an “equal weight” rating for the company in a research note on Thursday, August 10th. Wells Fargo & Company reiterated an “outperform” rating and set a $120.00 price target on shares of Jack in the Box in a research note on Thursday, August 10th. Finally, Wedbush reiterated a “buy” rating on shares of Jack in the Box in a research note on Friday, August 11th. One analyst has rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company. Jack in the Box has a consensus rating of “Buy” and an average target price of $112.62.
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About Jack in the Box
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.
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