Jack In The Box (NASDAQ:JACK) SVP Steven Piano Sells 1,491 Shares of Stock

Jack In The Box Inc. (NASDAQ:JACK) SVP Steven Piano sold 1,491 shares of the stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $19.08, for a total value of $28,448.28. Following the completion of the sale, the senior vice president owned 27,053 shares in the company, valued at approximately $516,171.24. This trade represents a 5.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Jack In The Box Stock Down 3.1%

Shares of JACK traded down $0.61 during trading hours on Thursday, hitting $19.26. The company had a trading volume of 29,660 shares, compared to its average volume of 1,047,343. The business has a fifty day moving average of $17.67 and a 200-day moving average of $18.95. The firm has a market cap of $363.88 million, a price-to-earnings ratio of -4.54, a PEG ratio of 0.97 and a beta of 1.13. Jack In The Box Inc. has a 12 month low of $13.99 and a 12 month high of $50.45.

Jack In The Box (NASDAQ:JACK) last released its quarterly earnings results on Wednesday, November 19th. The restaurant operator reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.16). Jack In The Box had a negative net margin of 5.51% and a negative return on equity of 9.23%. The company had revenue of $326.19 million during the quarter, compared to the consensus estimate of $324.23 million. During the same period in the prior year, the company earned $1.16 earnings per share. The firm’s revenue was down 6.6% compared to the same quarter last year. On average, equities analysts expect that Jack In The Box Inc. will post 5.33 EPS for the current fiscal year.

Institutional Trading of Jack In The Box

Large investors have recently made changes to their positions in the company. GAMMA Investing LLC raised its position in Jack In The Box by 165.5% during the third quarter. GAMMA Investing LLC now owns 1,341 shares of the restaurant operator’s stock valued at $27,000 after purchasing an additional 836 shares in the last quarter. US Bancorp DE lifted its position in shares of Jack In The Box by 96.7% during the 3rd quarter. US Bancorp DE now owns 1,420 shares of the restaurant operator’s stock worth $28,000 after buying an additional 698 shares during the last quarter. Quent Capital LLC acquired a new stake in Jack In The Box in the third quarter valued at about $42,000. Hantz Financial Services Inc. grew its position in Jack In The Box by 136.0% in the third quarter. Hantz Financial Services Inc. now owns 2,318 shares of the restaurant operator’s stock valued at $46,000 after acquiring an additional 1,336 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in shares of Jack In The Box by 7,023.3% in the first quarter. Caitong International Asset Management Co. Ltd now owns 2,137 shares of the restaurant operator’s stock worth $58,000 after acquiring an additional 2,107 shares during the last quarter. Institutional investors and hedge funds own 99.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Northcoast Research raised Jack In The Box from a “sell” rating to a “neutral” rating in a report on Friday, November 21st. Weiss Ratings reiterated a “sell (e+)” rating on shares of Jack In The Box in a research note on Wednesday, October 8th. Piper Sandler decreased their target price on shares of Jack In The Box from $19.00 to $17.00 and set a “neutral” rating on the stock in a research report on Friday, November 21st. Cowen set a $16.00 price target on shares of Jack In The Box in a research report on Thursday, November 20th. Finally, The Goldman Sachs Group cut their price target on Jack In The Box from $17.00 to $15.00 and set a “sell” rating for the company in a research note on Thursday, November 20th. Five investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $23.90.

About Jack In The Box

Jack in the Box Inc operates and franchises Jack in the Box and Del Taco quick-service restaurants in the United States. The company was founded in 1951 and is headquartered in San Diego, California.