Jack In The Box Inc. Announces Quarterly Dividend of $0.40 (JACK)
Jack In The Box Inc. (NASDAQ:JACK) announced a quarterly dividend on Thursday, August 10th, Wall Street Journal reports. Stockholders of record on Tuesday, August 22nd will be paid a dividend of 0.40 per share by the restaurant operator on Tuesday, September 5th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date is Friday, August 18th.
Shares of Jack In The Box (NASDAQ JACK) traded up 0.98% during mid-day trading on Thursday, hitting $95.61. 1,822,253 shares of the stock were exchanged. The company’s 50-day moving average is $96.12 and its 200-day moving average is $101.28. The firm has a market cap of $2.81 billion, a price-to-earnings ratio of 23.62 and a beta of 0.57. Jack In The Box has a 1-year low of $91.02 and a 1-year high of $113.30.
Jack In The Box (NASDAQ:JACK) last issued its earnings results on Wednesday, August 9th. The restaurant operator reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.05 by $0.06. The business had revenue of $357.80 million during the quarter, compared to the consensus estimate of $360.84 million. Jack In The Box had a net margin of 8.07% and a negative return on equity of 49.06%. The firm’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same period last year, the business posted $1.07 EPS. Equities research analysts anticipate that Jack In The Box will post $4.15 earnings per share for the current fiscal year.
Several research analysts have recently issued reports on JACK shares. Jefferies Group LLC reaffirmed a “buy” rating and issued a $120.00 target price on shares of Jack In The Box in a research note on Thursday, July 27th. Zacks Investment Research raised shares of Jack In The Box from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. Wells Fargo & Company reaffirmed a “market perform” rating on shares of Jack In The Box in a research note on Sunday, May 14th. Cowen and Company reaffirmed a “hold” rating and issued a $100.00 target price on shares of Jack In The Box in a research note on Friday, May 12th. Finally, Bank of America Corporation reaffirmed a “buy” rating and issued a $118.00 target price (down previously from $120.00) on shares of Jack In The Box in a research note on Tuesday, June 13th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $115.69.
In related news, EVP Phillip H. Rudolph sold 6,908 shares of the firm’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $103.64, for a total value of $715,945.12. Following the completion of the transaction, the executive vice president now directly owns 99,261 shares of the company’s stock, valued at $10,287,410.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.10% of the stock is currently owned by company insiders.
Jack In The Box Company Profile
Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants (QSRs) and Qdoba Mexican Eats (Qdoba) fast-casual restaurants. The Company operates in two segments: Jack in the Box and Qdoba restaurant operations. Qdoba is a fast-casual Mexican food brand in the United States, offering food items including burritos, tacos, salads, and quesadillas.
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