Jack in the Box Inc. (NASDAQ:JACK) CEO Sells $1,291,500.00 in Stock

Jack in the Box Inc. (NASDAQ:JACK) CEO Leonard A. Comma sold 15,000 shares of the stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $86.10, for a total value of $1,291,500.00. Following the completion of the sale, the chief executive officer now owns 204,552 shares in the company, valued at $17,611,927.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Jack in the Box stock opened at $87.62 on Friday. Jack in the Box Inc. has a 1-year low of $70.77 and a 1-year high of $92.99. The firm has a market capitalization of $1.92 billion, a PE ratio of 17.81, a PEG ratio of 1.37 and a beta of 0.30. The company has a fifty day simple moving average of $78.34.

Jack in the Box (NASDAQ:JACK) last posted its quarterly earnings results 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. Jack in the Box had a negative return on equity of 18.46% and a net margin of 9.78%. The company had revenue of $222.36 million for the quarter, compared to analysts’ expectations of $220.44 million. During the same period last year, the firm earned $1.00 earnings per share. Jack in the Box’s quarterly revenue was up 18.3% on a year-over-year basis. Equities research analysts predict that Jack in the Box Inc. will post 4.22 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 10th. Shareholders of record on Monday, August 19th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend is Friday, August 16th. Jack in the Box’s dividend payout ratio is presently 42.22%.

A number of institutional investors have recently bought and sold shares of JACK. Two Sigma Advisers LP acquired a new stake in Jack in the Box in the fourth quarter valued at $396,000. Amalgamated Bank raised its stake in Jack in the Box by 8.4% in the fourth quarter. Amalgamated Bank now owns 3,941 shares of the restaurant operator’s stock valued at $306,000 after buying an additional 304 shares in the last quarter. Norges Bank acquired a new stake in Jack in the Box in the fourth quarter valued at $23,325,000. Geode Capital Management LLC raised its stake in Jack in the Box by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 325,737 shares of the restaurant operator’s stock valued at $25,286,000 after buying an additional 10,072 shares in the last quarter. Finally, 6 Meridian acquired a new stake in Jack in the Box in the first quarter valued at $489,000. Institutional investors own 95.52% of the company’s stock.

Several brokerages have recently issued reports on JACK. Cowen reiterated a “hold” rating on shares of Jack in the Box in a research note on Thursday, May 16th. SunTrust Banks increased their price objective on Jack in the Box to $108.00 and gave the company a “buy” rating in a research note on Friday, May 17th. Morgan Stanley began coverage on Jack in the Box in a research note on Tuesday, May 21st. They issued an “equal weight” rating and a $87.00 price objective on the stock. ValuEngine upgraded Jack in the Box from a “sell” rating to a “hold” rating in a research note on Thursday. Finally, Robert W. Baird reiterated an “outperform” rating and issued a $104.00 price objective (up from $95.00) on shares of Jack in the Box in a research note on Friday. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $92.00.

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.

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Insider Buying and Selling by Quarter for Jack in the Box (NASDAQ:JACK)

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