Jack In The Box Inc. (JACK) CFO Jerry P. Rebel Sells 7,431 Shares
Jack In The Box Inc. (NASDAQ:JACK) CFO Jerry P. Rebel sold 7,431 shares of Jack In The Box stock in a transaction dated Tuesday, November 29th. The shares were sold at an average price of $103.40, for a total value of $768,365.40. Following the transaction, the chief financial officer now owns 113,469 shares of the company’s stock, valued at approximately $11,732,694.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Jack In The Box Inc. (NASDAQ:JACK) opened at 104.95 on Wednesday. The firm has a market capitalization of $3.39 billion, a PE ratio of 28.86 and a beta of 0.50. Jack In The Box Inc. has a one year low of $61.78 and a one year high of $109.40. The stock’s 50 day moving average price is $97.88 and its 200 day moving average price is $92.52.
Jack In The Box (NASDAQ:JACK) last announced its quarterly earnings data on Monday, November 21st. The company reported $1.03 EPS for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.15. The firm earned $398.42 million during the quarter, compared to the consensus estimate of $398.67 million. Jack In The Box had a net margin of 7.76% and a negative return on equity of 83.17%. The firm’s revenue was up 12.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.62 earnings per share. Analysts expect that Jack In The Box Inc. will post $3.73 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 16th. Investors of record on Monday, December 5th will be given a $0.40 dividend. The ex-dividend date is Thursday, December 1st. This represents a $1.60 dividend on an annualized basis and a yield of 1.52%. This is an increase from Jack In The Box’s previous quarterly dividend of $0.30. Jack In The Box’s dividend payout ratio (DPR) is presently 32.97%.
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A number of equities analysts have weighed in on the company. TheStreet lowered Jack In The Box from a “buy” rating to a “hold” rating in a research note on Monday, November 21st. Wedbush restated an “outperform” rating and issued a $125.00 price target on shares of Jack In The Box in a research note on Tuesday, November 22nd. Goldman Sachs Group Inc. restated a “sell” rating and issued a $88.00 price target on shares of Jack In The Box in a research note on Friday, November 25th. Jefferies Group lifted their price target on Jack In The Box from $112.00 to $121.00 and gave the company a “buy” rating in a research note on Friday, November 25th. Finally, Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $115.00 price target (up previously from $105.00) on shares of Jack In The Box in a research note on Monday, September 26th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $102.23.
A number of large investors have recently made changes to their positions in JACK. Price T Rowe Associates Inc. MD increased its stake in shares of Jack In The Box by 29.5% in the third quarter. Price T Rowe Associates Inc. MD now owns 2,759,380 shares of the company’s stock worth $264,735,000 after buying an additional 628,480 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of Jack In The Box by 58,757.7% in the third quarter. Victory Capital Management Inc. now owns 620,949 shares of the company’s stock worth $59,573,000 after buying an additional 619,894 shares during the last quarter. Mik Capital LLC purchased a new stake in shares of Jack In The Box during the third quarter worth approximately $53,322,000. Advisory Research Inc. purchased a new stake in shares of Jack In The Box during the second quarter worth approximately $34,541,000. Finally, Tiger Legatus Capital Management LLC purchased a new stake in shares of Jack In The Box during the second quarter worth approximately $18,902,000. Hedge funds and other institutional investors own 95.36% of the company’s stock.
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.
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