Jack in the Box Inc. (NASDAQ:JACK) COO Marcus D. Tom Sells 451 Shares

Jack in the Box Inc. (NASDAQ:JACK) COO Marcus D. Tom sold 451 shares of Jack in the Box stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $79.33, for a total transaction of $35,777.83. Following the completion of the sale, the chief operating officer now owns 5,335 shares in the company, valued at $423,225.55. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Shares of JACK stock opened at $79.58 on Wednesday. Jack in the Box Inc. has a 52-week low of $70.77 and a 52-week high of $93.12. The stock has a market cap of $1.88 billion, a price-to-earnings ratio of 18.29, a PEG ratio of 1.47 and a beta of 0.22. The firm’s 50-day moving average is $83.25 and its 200-day moving average is $83.80.

Jack in the Box (NASDAQ:JACK) last posted its quarterly earnings results on Wednesday, November 20th. The restaurant operator reported $0.95 EPS for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.01). The business had revenue of $221.24 million for the quarter, compared to the consensus estimate of $222.68 million. Jack in the Box had a negative return on equity of 18.08% and a net margin of 9.94%. The company’s revenue for the quarter was up 24.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.77 EPS. As a group, research analysts anticipate that Jack in the Box Inc. will post 4.5 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Thursday, December 5th will be given a $0.40 dividend. The ex-dividend date is Wednesday, December 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.01%. Jack in the Box’s payout ratio is 36.78%.

A number of equities analysts have recently commented on the stock. SunTrust Banks reduced their price objective on shares of Jack in the Box to $98.00 and set a “buy” rating for the company in a research note on Friday, November 22nd. Wells Fargo & Co lifted their target price on Jack in the Box from $95.00 to $102.00 and gave the company an “outperform” rating in a research report on Monday, September 30th. Robert W. Baird upped their target price on Jack in the Box from $95.00 to $104.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. Morgan Stanley set a $89.00 price target on Jack in the Box and gave the company a “hold” rating in a research report on Friday, August 9th. Finally, Credit Suisse Group restated a “sell” rating and issued a $78.00 price target on shares of Jack in the Box in a research note on Sunday, November 24th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company’s stock. Jack in the Box has a consensus rating of “Hold” and a consensus price target of $92.60.

Several hedge funds and other institutional investors have recently modified their holdings of JACK. Vanguard Group Inc. increased its holdings in shares of Jack in the Box by 6.2% during the 2nd quarter. Vanguard Group Inc. now owns 2,460,560 shares of the restaurant operator’s stock worth $200,264,000 after acquiring an additional 143,766 shares during the last quarter. Millennium Management LLC lifted its holdings in Jack in the Box by 1,309.6% during the 3rd quarter. Millennium Management LLC now owns 1,242,681 shares of the restaurant operator’s stock valued at $113,233,000 after purchasing an additional 1,154,525 shares during the last quarter. Nuveen Asset Management LLC boosted its position in Jack in the Box by 193.9% during the second quarter. Nuveen Asset Management LLC now owns 872,672 shares of the restaurant operator’s stock worth $71,026,000 after purchasing an additional 575,737 shares during the period. Invesco Ltd. boosted its position in Jack in the Box by 51.2% during the second quarter. Invesco Ltd. now owns 857,348 shares of the restaurant operator’s stock worth $69,780,000 after purchasing an additional 290,312 shares during the period. Finally, Macquarie Group Ltd. increased its holdings in shares of Jack in the Box by 4.6% in the second quarter. Macquarie Group Ltd. now owns 725,755 shares of the restaurant operator’s stock valued at $59,069,000 after purchasing an additional 32,153 shares during the last quarter.

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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