Lance Tucker Sells 3,150 Shares of Jack In The Box (NASDAQ:JACK) Stock

Jack In The Box Inc. (NASDAQ:JACK) CEO Lance Tucker sold 3,150 shares of Jack In The Box stock in a transaction that occurred on Wednesday, January 28th. The stock was sold at an average price of $21.83, for a total transaction of $68,764.50. Following the completion of the transaction, the chief executive officer directly owned 204,068 shares in the company, valued at $4,454,804.44. This represents a 1.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Jack In The Box Stock Performance

NASDAQ JACK opened at $20.59 on Friday. The stock has a market capitalization of $393.27 million, a P/E ratio of -4.82, a P/E/G ratio of 1.05 and a beta of 1.13. The business’s fifty day moving average is $20.23 and its two-hundred day moving average is $19.22. Jack In The Box Inc. has a 1 year low of $13.99 and a 1 year high of $44.15.

Jack In The Box (NASDAQ:JACK) last posted its quarterly earnings data on Wednesday, November 19th. The restaurant operator reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.16). Jack In The Box had a negative return on equity of 9.23% and a negative net margin of 5.51%.The company had revenue of $326.19 million for the quarter, compared to analyst estimates of $324.23 million. During the same quarter in the previous year, the firm posted $1.16 EPS. Jack In The Box’s quarterly revenue was down 6.6% on a year-over-year basis. On average, research 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 hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC grew its holdings in Jack In The Box by 165.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,341 shares of the restaurant operator’s stock valued at $27,000 after buying an additional 836 shares during the last quarter. US Bancorp DE boosted its position in shares of Jack In The Box by 96.7% in the third quarter. US Bancorp DE now owns 1,420 shares of the restaurant operator’s stock valued at $28,000 after acquiring an additional 698 shares during the period. Quent Capital LLC acquired a new stake in shares of Jack In The Box in the third quarter worth $42,000. Hantz Financial Services Inc. increased its position in Jack In The Box by 136.0% during the third quarter. Hantz Financial Services Inc. now owns 2,318 shares of the restaurant operator’s stock worth $46,000 after acquiring an additional 1,336 shares during the period. Finally, Russell Investments Group Ltd. raised its stake in Jack In The Box by 882.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 3,144 shares of the restaurant operator’s stock valued at $62,000 after purchasing an additional 2,824 shares during the last quarter. Institutional investors own 99.79% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Piper Sandler decreased their target price on shares of Jack In The Box from $19.00 to $17.00 and set a “neutral” rating for the company in a research report on Friday, November 21st. Zacks Research upgraded shares of Jack In The Box from a “strong sell” rating to a “hold” rating in a report on Monday, January 19th. TD Cowen set a $16.00 target price on Jack In The Box in a report on Thursday, November 20th. Oppenheimer decreased their price target on Jack In The Box from $28.00 to $24.00 and set an “outperform” rating for the company in a research note on Thursday, November 20th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Jack In The Box in a research note on Thursday, January 22nd. Five investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $25.20.

Jack In The Box Company Profile

Jack in the Box (NASDAQ: JACK) is a publicly traded quick-service restaurant company best known for its Jack in the Box brand of fast-food restaurants. Founded in 1951 by Robert O. Peterson and headquartered in San Diego, California, the company has operated for decades as a franchisor and operator of drive-thru and dine-in restaurants. Its business model combines company-owned locations with franchise arrangements, and the company focuses on building brand recognition through menu innovation, marketing and service convenience.

The company’s core offerings center on a broad fast-food menu that includes hamburgers (notably the Jumbo Jack), tacos, breakfast items, sandwiches, salads, sides and specialty limited-time items.