Jack In The Box Inc. (NASDAQ:JACK) rose 6.1% during trading on Tuesday after the company announced better than expected quarterly earnings. The company traded as high as $108.06 and last traded at $107.82, with a volume of 3,350,102 shares traded. The stock had previously closed at $101.65.

The company reported $1.03 EPS for the quarter, topping the Thomson Reuters’ 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 firm earned $398.42 million during the quarter, compared to analysts’ expectations of $398.67 million. During the same period in the previous year, the business earned $0.62 earnings per share. The firm’s revenue for the quarter was up 12.5% on a year-over-year basis.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 16th. Investors of record on Monday, December 5th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.48%. This is a boost from Jack In The Box’s previous quarterly dividend of $0.30. The ex-dividend date is Thursday, December 1st. Jack In The Box’s payout ratio is presently 36.36%.

JACK has been the subject of several analyst reports. TheStreet upgraded Jack In The Box from a “hold” rating to a “buy” rating in a report on Friday, August 12th. Bank of America Corp. restated a “buy” rating and issued a $108.00 target price on shares of Jack In The Box in a report on Tuesday, September 27th. Jefferies Group upped their target price on Jack In The Box from $100.00 to $112.00 and gave the company a “buy” rating in a report on Friday, August 5th. Zacks Investment Research upgraded Jack In The Box from a “hold” rating to a “buy” rating and set a $109.00 target price for the company in a report on Friday, August 5th. Finally, Oppenheimer Holdings Inc. restated a “buy” rating on shares of Jack In The Box in a report on Tuesday. Two research analysts have rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $101.63.

In other Jack In The Box news, EVP Phillip H. Rudolph sold 8,505 shares of the stock in a transaction dated Wednesday, September 14th. The stock was sold at an average price of $98.00, for a total value of $833,490.00. Following the sale, the executive vice president now owns 88,196 shares of the company’s stock, valued at approximately $8,643,208. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Carol A. Diraimo sold 2,000 shares of the stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $105.00, for a total value of $210,000.00. Following the completion of the sale, the vice president now directly owns 16,059 shares in the company, valued at approximately $1,686,195. The disclosure for this sale can be found here. 2.00% of the stock is owned by company insiders.

A number of large investors have recently bought and sold shares of JACK. Cortina Asset Management LLC raised its stake in Jack In The Box by 29.8% in the second quarter. Cortina Asset Management LLC now owns 385,056 shares of the company’s stock worth $33,084,000 after buying an additional 88,383 shares in the last quarter. Adams Diversified Equity Fund Inc. acquired a new position in Jack In The Box during the second quarter worth approximately $473,000. Kornitzer Capital Management Inc. KS acquired a new position in Jack In The Box during the second quarter worth approximately $258,000. Falcon Point Capital LLC increased its position in Jack In The Box by 1.6% in the second quarter. Falcon Point Capital LLC now owns 147,332 shares of the company’s stock worth $12,659,000 after buying an additional 2,315 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in Jack In The Box by 51.6% in the first quarter. Renaissance Technologies LLC now owns 199,300 shares of the company’s stock worth $12,729,000 after buying an additional 67,800 shares during the last quarter. 99.67% of the stock is currently owned by institutional investors.

The company’s 50-day moving average price is $96.74 and its 200-day moving average price is $91.55. The firm has a market cap of $3.52 billion, a price-to-earnings ratio of 32.79 and a beta of 0.50.

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About Jack In The Box

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.

5 Day Chart for NASDAQ:JACK

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