Jack In The Box Inc. (JACK) Plans Dividend Increase – $0.40 Per Share
Jack In The Box Inc. (NASDAQ:JACK) declared a quarterly dividend on Tuesday, November 22nd. Stockholders of record on Monday, December 5th will be paid a dividend of 0.40 per share on Friday, December 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date is Thursday, December 1st. This is a boost from Jack In The Box’s previous quarterly dividend of $0.30.
Shares of Jack In The Box (NASDAQ:JACK) traded up 6.07% during trading on Tuesday, hitting $107.82. The stock had a trading volume of 3,350,032 shares. The firm has a market cap of $3.52 billion, a P/E ratio of 32.79 and a beta of 0.50. The firm’s 50-day moving average is $96.39 and its 200-day moving average is $91.27. Jack In The Box has a one year low of $61.78 and a one year high of $108.06.
Jack In The Box (NASDAQ:JACK) last announced its earnings results on Monday, November 21st. The company reported $1.03 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.15. Jack In The Box had a negative return on equity of 120.29% and a net margin of 7.41%. The business had revenue of $398.42 million for the quarter, compared to analyst estimates of $398.67 million. During the same period in the previous year, the company earned $0.62 earnings per share. The company’s revenue for the quarter was up 12.5% compared to the same quarter last year. Equities research analysts forecast that Jack In The Box will post $3.73 EPS for the current year.
In other Jack In The Box news, VP Carol A. Diraimo sold 2,000 shares of the business’s stock in a transaction on Thursday, September 22nd. The shares were sold at an average price of $100.00, for a total transaction of $200,000.00. Following the sale, the vice president now directly owns 16,059 shares of the company’s stock, valued at approximately $1,605,900. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Frances L. Allen sold 530 shares of the business’s stock in a transaction on Friday, November 4th. The shares were sold at an average price of $94.03, for a total transaction of $49,835.90. Following the sale, the insider now directly owns 9,196 shares in the company, valued at $864,699.88. The disclosure for this sale can be found here. 2.00% of the stock is owned by company insiders.
A number of hedge funds have recently made changes to their positions in JACK. Hsbc Holdings PLC increased its stake in shares of Jack In The Box by 0.6% in the second quarter. Hsbc Holdings PLC now owns 3,873 shares of the company’s stock valued at $332,000 after buying an additional 25 shares during the period. Profund Advisors LLC increased its stake in shares of Jack In The Box by 2.7% in the second quarter. Profund Advisors LLC now owns 5,950 shares of the company’s stock valued at $511,000 after buying an additional 157 shares during the period. LPL Financial LLC increased its stake in shares of Jack In The Box by 4.1% in the third quarter. LPL Financial LLC now owns 5,529 shares of the company’s stock valued at $524,000 after buying an additional 216 shares during the period. Cubist Systematic Strategies LLC increased its stake in shares of Jack In The Box by 2.1% in the second quarter. Cubist Systematic Strategies LLC now owns 18,048 shares of the company’s stock valued at $1,551,000 after buying an additional 373 shares during the period. Finally, BlackRock Inc. increased its stake in shares of Jack In The Box by 2.6% in the second quarter. BlackRock Inc. now owns 15,526 shares of the company’s stock valued at $1,334,000 after buying an additional 389 shares during the period. 99.67% of the stock is currently owned by institutional investors.
Several analysts recently weighed in on JACK shares. Goldman Sachs Group Inc. started coverage on Jack In The Box in a report on Monday, October 24th. They issued a “sell” rating and a $88.00 price objective for the company. Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $97.00 price objective on shares of Jack In The Box in a report on Tuesday, August 2nd. Zacks Investment Research lowered Jack In The Box from a “strong-buy” rating to a “hold” rating in a report on Monday, October 17th. TheStreet raised Jack In The Box from a “hold” rating to a “buy” rating in a report on Friday, August 12th. Finally, Telsey Advisory Group lifted their target price on Jack In The Box from $105.00 to $120.00 and gave the company an “outperform” rating in a research note on Tuesday, August 9th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $101.63.
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Jack In The Box Company Profile
Jack in the Box Inc is a restaurant company. The Company operates and franchises approximately 2,910 Jack in the Box quick-service restaurants (QSR) and Qdoba Mexican Eats fast-casual restaurants (Qdoba). Its segments are Jack in the Box and Qdoba Restaurant operations. It operates and franchises approximately 2,250 Jack in the Box restaurants, primarily in the western and southern United States, including one in Guam, over 660 Qdoba restaurants across the United States, and approximately four in Canada.
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