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

Jack in the Box Inc. (NASDAQ:JACK) announced a dividend on Friday, November 15th, Fidelity reports. Shareholders of record on Thursday, December 5th will be given a dividend of 0.40 per share by the restaurant operator on Friday, December 20th. The ex-dividend date of this dividend is Wednesday, December 4th.

Jack in the Box stock opened at $79.29 on Monday. The business has a 50-day simple moving average of $84.18 and a two-hundred day simple moving average of $83.77. The company has a market cap of $1.88 billion, a P/E ratio of 18.23, a P/E/G ratio of 1.47 and a beta of 0.22. Jack in the Box has a 52-week low of $70.77 and a 52-week high of $93.12.

Jack in the Box (NASDAQ:JACK) last released its quarterly earnings results on Wednesday, November 20th. The restaurant operator reported $0.95 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.01). The firm had revenue of $221.24 million for the quarter, compared to the consensus estimate of $222.68 million. Jack in the Box had a net margin of 9.94% and a negative return on equity of 18.08%. The company’s revenue for the quarter was up 24.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.77 earnings per share. On average, equities research analysts forecast that Jack in the Box will post 4.5 EPS for the current fiscal year.

In related news, CEO Leonard A. Comma sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $91.00, for a total value of $273,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Paul D. Melancon sold 397 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $77.26, for a total value of $30,672.22. Following the completion of the transaction, the senior vice president now directly owns 7,131 shares in the company, valued at $550,941.06. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,770 shares of company stock valued at $2,412,810. 2.30% of the stock is currently owned by corporate insiders.

A number of research analysts recently issued reports on JACK shares. Wedbush reiterated a “buy” rating and set a $105.00 price objective on shares of Jack in the Box in a research note on Thursday, November 14th. Credit Suisse Group reiterated a “sell” rating and set a $78.00 price objective on shares of Jack in the Box in a research note on Sunday, November 24th. Telsey Advisory Group boosted their price objective on Jack in the Box from $95.00 to $105.00 and gave the company an “outperform” rating in a research note on Thursday, August 22nd. Robert W. Baird boosted their price objective on Jack in the Box from $95.00 to $104.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. Finally, Wells Fargo & Co boosted their price objective on Jack in the Box from $95.00 to $102.00 and gave the company an “outperform” rating in a research note on Monday, September 30th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company. Jack in the Box has an average rating of “Hold” and a consensus target price of $92.60.

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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