Jack In The Box Inc. (NASDAQ:JACK) CFO Jerry P. Rebel sold 7,431 shares of the company’s stock in a transaction on Tuesday, November 29th. The shares were sold at an average price of $103.40, for a total value of $768,365.40. Following the completion of the transaction, the chief financial officer now owns 113,469 shares of the company’s stock, valued at approximately $11,732,694.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Jack In The Box Inc. (NASDAQ:JACK) opened at 104.02 on Thursday. The company has a market capitalization of $3.36 billion, a price-to-earnings ratio of 28.61 and a beta of 0.50. Jack In The Box Inc. has a 12 month low of $61.78 and a 12 month high of $109.40. The stock’s 50 day moving average price is $97.88 and its 200 day moving average price is $92.52.

Jack In The Box (NASDAQ:JACK) last issued its quarterly earnings data on Monday, November 21st. The company reported $1.03 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.15. Jack In The Box had a negative return on equity of 83.17% and a net margin of 7.76%. The company earned $398.42 million during the quarter, compared to analyst estimates of $398.67 million. During the same quarter in the previous year, the company posted $0.62 earnings per share. Jack In The Box’s revenue was up 12.5% compared to the same quarter last year. Equities research analysts anticipate that Jack In The Box Inc. will post $3.73 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Jack In The Box (NASDAQ:JACK)

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 16th. Investors of record on Monday, December 5th will be issued a $0.40 dividend. The ex-dividend date is Thursday, December 1st. This represents a $1.60 annualized dividend and a dividend yield of 1.54%. This is a positive change from Jack In The Box’s previous quarterly dividend of $0.30. Jack In The Box’s payout ratio is presently 32.97%.

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Several hedge funds have recently modified their holdings of JACK. Cortina Asset Management LLC raised its stake in shares of Jack In The Box by 29.8% in the second quarter. Cortina Asset Management LLC now owns 385,056 shares of the company’s stock valued at $33,084,000 after buying an additional 88,383 shares during the last quarter. Adams Diversified Equity Fund Inc. purchased a new stake in shares of Jack In The Box during the second quarter valued at approximately $473,000. Kornitzer Capital Management Inc. KS purchased a new stake in shares of Jack In The Box during the second quarter valued at approximately $258,000. Falcon Point Capital LLC raised its stake in shares of Jack In The Box by 1.6% in the second quarter. Falcon Point Capital LLC now owns 147,332 shares of the company’s stock valued at $12,659,000 after buying an additional 2,315 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of Jack In The Box by 51.6% in the first quarter. Renaissance Technologies LLC now owns 199,300 shares of the company’s stock valued at $12,729,000 after buying an additional 67,800 shares during the last quarter. 95.36% of the stock is owned by institutional investors.

A number of research analysts have issued reports on the company. TheStreet downgraded Jack In The Box from a “buy” rating to a “hold” rating in a research note on Monday, November 21st. Wedbush reaffirmed an “outperform” rating and set a $125.00 price target on shares of Jack In The Box in a research report on Tuesday, November 22nd. Goldman Sachs Group Inc. reaffirmed a “sell” rating and set a $88.00 price target on shares of Jack In The Box in a research report on Friday, November 25th. Jefferies Group upped their price target on Jack In The Box from $112.00 to $121.00 and gave the company a “buy” rating in a research report on Friday, November 25th. Finally, Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $115.00 price target (up previously from $105.00) on shares of Jack In The Box in a research report on Monday, September 26th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $102.23.

Jack In The Box Company Profile

Jack in the Box Inc is a restaurant company. The Company operates and franchises approximately 2,910 Jack in the Box quick-service restaurants (QSR) and Qdoba Mexican Eats fast-casual restaurants (Qdoba). Its segments are Jack in the Box and Qdoba Restaurant operations. It operates and franchises approximately 2,250 Jack in the Box restaurants, primarily in the western and southern United States, including one in Guam, over 660 Qdoba restaurants across the United States, and approximately four in Canada.

5 Day Chart for NASDAQ:JACK

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