Insider Buying: Jack In The Box (NASDAQ:JACK) CEO Acquires 5,000 Shares of Stock

Jack In The Box Inc. (NASDAQ:JACK) CEO Lance Tucker bought 5,000 shares of the business’s stock in a transaction on Monday, November 24th. The stock was purchased at an average price of $17.29 per share, with a total value of $86,450.00. Following the completion of the transaction, the chief executive officer directly owned 84,555 shares of the company’s stock, valued at $1,461,955.95. This trade represents a 6.28% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Jack In The Box Stock Performance

Shares of JACK stock traded up $0.55 during mid-day trading on Monday, hitting $17.36. 1,996,577 shares of the stock traded hands, compared to its average volume of 1,053,086. Jack In The Box Inc. has a twelve month low of $13.99 and a twelve month high of $50.45. The company’s 50-day simple moving average is $17.62 and its 200-day simple moving average is $19.28. The firm has a market cap of $327.81 million, a price-to-earnings ratio of -5.03 and a beta of 1.20.

Jack In The Box (NASDAQ:JACK) last announced its quarterly earnings data on Wednesday, November 19th. The restaurant operator reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.16). The firm had revenue of $326.19 million during the quarter, compared to analyst estimates of $324.23 million. Jack In The Box had a negative net margin of 4.34% and a negative return on equity of 11.31%. The company’s quarterly revenue was down 6.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.16 EPS. Analysts forecast that Jack In The Box Inc. will post 5.33 earnings per share for the current year.

Institutional Trading of Jack In The Box

Several large investors have recently added to or reduced their stakes in JACK. Y Intercept Hong Kong Ltd acquired a new position in shares of Jack In The Box during the 1st quarter worth $353,000. Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in Jack In The Box by 35.7% in the first quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 63,400 shares of the restaurant operator’s stock worth $1,724,000 after purchasing an additional 16,685 shares in the last quarter. Avantax Advisory Services Inc. increased its position in Jack In The Box by 148.1% during the first quarter. Avantax Advisory Services Inc. now owns 29,872 shares of the restaurant operator’s stock worth $812,000 after buying an additional 17,831 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Jack In The Box by 21.7% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,122 shares of the restaurant operator’s stock valued at $221,000 after buying an additional 1,449 shares in the last quarter. Finally, XTX Topco Ltd acquired a new stake in shares of Jack In The Box in the first quarter worth about $577,000. 99.79% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

JACK has been the topic of several recent research reports. The Goldman Sachs Group lowered their price objective on shares of Jack In The Box from $17.00 to $15.00 and set a “sell” rating on the stock in a research note on Thursday. Mizuho upgraded Jack In The Box to a “hold” rating in a research report on Tuesday, October 28th. Cowen set a $16.00 target price on shares of Jack In The Box in a report on Thursday. Weiss Ratings restated a “sell (e+)” rating on shares of Jack In The Box in a research report on Wednesday, October 8th. Finally, Morgan Stanley set a $20.00 price objective on shares of Jack In The Box in a research report on Tuesday, October 21st. Five analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $23.90.

About Jack In The Box

Jack in the Box Inc operates and franchises Jack in the Box and Del Taco quick-service restaurants in the United States. The company was founded in 1951 and is headquartered in San Diego, California.