Jack in the Box Inc. (NASDAQ:JACK) SVP Paul D. Melancon sold 404 shares of the company’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $102.22, for a total transaction of $41,296.88. Following the completion of the sale, the senior vice president now directly owns 4,946 shares of the company’s stock, valued at $505,580.12. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Shares of Jack in the Box Inc. (JACK) traded up $1.90 during mid-day trading on Friday, hitting $104.57. 1,720,000 shares of the company were exchanged, compared to its average volume of 811,601. The stock has a market cap of $3,080.00, a PE ratio of 26.46, a P/E/G ratio of 1.84 and a beta of 0.51. The company has a quick ratio of 0.51, a current ratio of 0.53 and a debt-to-equity ratio of -2.79. Jack in the Box Inc. has a 12 month low of $90.89 and a 12 month high of $113.27.

Jack in the Box (NASDAQ:JACK) last posted its earnings results on Wednesday, November 29th. The restaurant operator reported $0.73 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.89 by ($0.16). The firm had revenue of $338.75 million during the quarter, compared to analysts’ expectations of $341.34 million. Jack in the Box had a negative return on equity of 30.55% and a net margin of 8.71%. The business’s revenue for the quarter was down 15.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.03 earnings per share. sell-side analysts anticipate that Jack in the Box Inc. will post 4.49 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Monday, December 4th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.53%. The ex-dividend date is Friday, December 1st. Jack in the Box’s dividend payout ratio is currently 35.63%.

Hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada grew its holdings in shares of Jack in the Box by 9.0% during the 2nd quarter. Royal Bank of Canada now owns 1,274 shares of the restaurant operator’s stock valued at $126,000 after purchasing an additional 105 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Jack in the Box by 61.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,585 shares of the restaurant operator’s stock valued at $156,000 after purchasing an additional 601 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Jack in the Box by 17.8% during the 2nd quarter. Victory Capital Management Inc. now owns 1,875 shares of the restaurant operator’s stock valued at $185,000 after purchasing an additional 283 shares during the last quarter. Vident Investment Advisory LLC bought a new position in shares of Jack in the Box during the 3rd quarter valued at $203,000. Finally, Diligent Investors LLC bought a new position in shares of Jack in the Box during the 3rd quarter valued at $206,000. 99.26% of the stock is currently owned by institutional investors.

A number of research analysts have recently weighed in on JACK shares. Wedbush reissued a “buy” rating on shares of Jack in the Box in a research report on Friday, August 11th. Cowen reissued a “neutral” rating and set a $99.00 target price (down from $105.00) on shares of Jack in the Box in a research report on Friday, August 11th. Jefferies Group reissued a “buy” rating and set a $120.00 target price on shares of Jack in the Box in a research report on Thursday, August 31st. Robert W. Baird reissued a “buy” rating and set a $115.00 target price on shares of Jack in the Box in a research report on Tuesday, September 19th. Finally, Stifel Nicolaus started coverage on shares of Jack in the Box in a research report on Monday, October 2nd. They set a “hold” rating and a $105.00 target price for the company. One research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $112.62.

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About Jack in the Box

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.

Insider Buying and Selling by Quarter for Jack in the Box (NASDAQ:JACK)

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