Jack in the Box Inc. (NASDAQ:JACK) EVP Sells $164,000.00 in Stock

Jack in the Box Inc. (NASDAQ:JACK) EVP Phillip H. Rudolph sold 2,000 shares of the company’s stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $82.00, for a total transaction of $164,000.00. Following the sale, the executive vice president now owns 99,357 shares of the company’s stock, valued at $8,147,274. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

NASDAQ JACK opened at $78.19 on Friday. The company has a 50-day moving average of $82.90. Jack in the Box Inc. has a twelve month low of $74.19 and a twelve month high of $93.98. The company has a market capitalization of $2.09 billion, a PE ratio of 20.63, a PEG ratio of 1.48 and a beta of 0.33.

Jack in the Box (NASDAQ:JACK) last released its earnings results on Wednesday, May 15th. The restaurant operator reported $0.99 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.93 by $0.06. Jack in the Box had a net margin of 13.85% and a negative return on equity of 19.41%. The business had revenue of $215.73 million during the quarter, compared to analysts’ expectations of $217.99 million. During the same quarter last year, the company earned $0.80 earnings per share. The firm’s revenue was up 2.8% on a year-over-year basis. Research analysts predict that Jack in the Box Inc. will post 4.25 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Wednesday, May 29th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.05%. The ex-dividend date of this dividend was Tuesday, May 28th. Jack in the Box’s payout ratio is presently 42.22%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its stake in shares of Jack in the Box by 4.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 774,126 shares of the restaurant operator’s stock valued at $60,095,000 after buying an additional 29,678 shares during the period. Macquarie Group Ltd. lifted its stake in shares of Jack in the Box by 12.0% in the fourth quarter. Macquarie Group Ltd. now owns 709,239 shares of the restaurant operator’s stock valued at $55,059,000 after buying an additional 76,230 shares during the period. Wells Fargo & Company MN raised its position in Jack in the Box by 43.3% in the first quarter. Wells Fargo & Company MN now owns 448,922 shares of the restaurant operator’s stock worth $36,390,000 after purchasing an additional 135,621 shares in the last quarter. OppenheimerFunds Inc. raised its position in Jack in the Box by 2.3% in the first quarter. OppenheimerFunds Inc. now owns 427,434 shares of the restaurant operator’s stock worth $34,648,000 after purchasing an additional 9,687 shares in the last quarter. Finally, Geode Capital Management LLC raised its position 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 worth $25,286,000 after purchasing an additional 10,072 shares in the last quarter. Institutional investors and hedge funds own 95.52% of the company’s stock.

A number of research firms have issued reports on JACK. Gordon Haskett upgraded shares of Jack in the Box from a “hold” rating to a “buy” rating in a report on Wednesday, March 27th. Credit Suisse Group began coverage on shares of Arco Platform in a report on Tuesday, June 25th. They set a “neutral” rating for the company. Stifel Nicolaus set a $73.00 price target on shares of Expeditors International of Washington and gave the company a “hold” rating in a report on Monday, May 20th. Wedbush reiterated a “hold” rating and issued a $2.00 target price on shares of Regulus Therapeutics in a research note on Tuesday, April 9th. Finally, ValuEngine cut shares of Zumiez from a “hold” rating to a “sell” rating in a research note on Monday, May 13th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $90.91.

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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