Jack in the Box Inc. (NASDAQ:JACK) declared a quarterly dividend on Friday, August 2nd, NASDAQ reports. Stockholders of record on Monday, August 19th will be paid a dividend of 0.40 per share by the restaurant operator on Tuesday, September 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date is Friday, August 16th.

Jack in the Box has increased its dividend payment by an average of 13.3% per year over the last three years. Jack in the Box has a dividend payout ratio of 41.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Jack in the Box to earn $4.77 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 33.5%.

Shares of Jack in the Box stock traded down $1.09 during trading on Wednesday, reaching $87.97. 700 shares of the stock traded hands, compared to its average volume of 566,901. The firm has a market cap of $2.26 billion, a P/E ratio of 23.23, a price-to-earnings-growth ratio of 1.59 and a beta of 0.30. The firm’s fifty day moving average price is $78.62. Jack in the Box has a 52-week low of $70.77 and a 52-week high of $91.72.

Jack in the Box (NASDAQ:JACK) last issued its quarterly earnings data on Wednesday, August 7th. The restaurant operator reported $1.07 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.99 by $0.08. The firm had revenue of $222.36 million during the quarter, compared to analyst estimates of $220.44 million. Jack in the Box had a negative return on equity of 18.59% and a net margin of 9.78%. The business’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.00 earnings per share. Equities analysts anticipate that Jack in the Box will post 4.26 EPS for the current fiscal year.

JACK has been the subject of a number of research analyst reports. Morgan Stanley set a $89.00 price objective on Jack in the Box and gave the company a “hold” rating in a research report on Friday, August 9th. Stifel Nicolaus upgraded Jack in the Box from a “hold” rating to a “buy” rating and lifted their price target for the stock from $85.00 to $95.00 in a research report on Monday, May 20th. Wedbush upgraded Jack in the Box from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $75.00 to $105.00 in a research report on Friday, August 9th. Goldman Sachs Group initiated coverage on shares of Jack in the Box in a research note on Monday, July 29th. They issued a “sell” rating and a $69.00 price objective for the company. Finally, SunTrust Banks raised their price objective on shares of Jack in the Box to $108.00 and gave the stock a “buy” rating in a research note on Friday, May 17th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $91.50.

In related news, CEO Leonard A. Comma sold 3,000 shares of the company’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $89.00, for a total transaction of $267,000.00. Following the completion of the transaction, the chief executive officer now owns 189,522 shares in the company, valued at approximately $16,867,458. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Mark H. Blankenship sold 1,000 shares of the company’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $89.00, for a total transaction of $89,000.00. Following the transaction, the executive vice president now owns 22,097 shares of the company’s stock, valued at approximately $1,966,633. The disclosure for this sale can be found here. Insiders have sold 31,807 shares of company stock valued at $2,731,463 over the last 90 days. 2.30% of the stock is currently owned by insiders.

Jack in the Box Company Profile

Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants. As of March 19, 2019, it operated and franchised approximately 2,200 Jack in the Box restaurants in 21 states and Guam. The company was founded in 1951 and is headquartered in San Diego, California.

Read More: What are earnings reports?

Dividend History for Jack in the Box (NASDAQ:JACK)

Receive News & Ratings for Jack in the Box Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jack in the Box and related companies with MarketBeat.com's FREE daily email newsletter.