Jack in the Box Inc. (NASDAQ:JACK) Announces Quarterly Dividend of $0.40

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 1.80%. The ex-dividend date of this dividend is Friday, August 16th.

Jack in the Box has raised its dividend 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. Equities 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 opened at $89.06 on Wednesday. The firm has a fifty day simple moving average of $78.62. The firm has a market cap of $2.26 billion, a PE ratio of 23.50, a price-to-earnings-growth ratio of 1.59 and a beta of 0.30. Jack in the Box has a 12 month low of $70.77 and a 12 month high of $91.72.

Jack in the Box (NASDAQ:JACK) last announced its earnings results on Wednesday, August 7th. The restaurant operator reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.99 by $0.08. The business had revenue of $222.36 million for the quarter, compared to analysts’ expectations of $220.44 million. Jack in the Box had a net margin of 9.78% and a negative return on equity of 18.59%. The company’s quarterly revenue was up 18.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.00 EPS. As a group, sell-side analysts forecast that Jack in the Box will post 4.26 earnings per share for the current fiscal year.

In other Jack in the Box news, CEO Leonard A. Comma sold 15,000 shares of the business’s 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 transaction, the chief executive officer now directly owns 204,552 shares of the company’s stock, valued at approximately $17,611,927.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Carol A. Diraimo sold 590 shares of the business’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $82.02, for a total transaction of $48,391.80. Following the completion of the transaction, the vice president now directly owns 17,588 shares in the company, valued at $1,442,567.76. The disclosure for this sale can be found here. Insiders sold a total of 31,807 shares of company stock worth $2,731,463 over the last three months. 2.30% of the stock is currently owned by corporate insiders.

A number of brokerages have recently commented on JACK. Credit Suisse Group lifted their target price on shares of Jack in the Box from $75.00 to $78.00 and gave the company an “underperform” rating in a report on Friday, August 9th. BidaskClub raised shares of Jack in the Box from a “sell” rating to a “hold” rating in a report on Saturday. Cowen reaffirmed a “hold” rating on shares of Jack in the Box in a report on Thursday, May 16th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $95.00 target price (down from $105.00) on shares of Jack in the Box in a report on Tuesday, April 16th. Finally, Wedbush raised shares of Jack in the Box from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $75.00 to $105.00 in a report on Friday, August 9th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company. Jack in the Box currently has an average rating of “Hold” and a consensus target price of $91.50.

About Jack in the Box

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

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