Jack in the Box Inc. (NASDAQ:JACK) SVP Melissa L. Corrigan sold 209 shares of the company’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $79.33, for a total transaction of $16,579.97. Following the sale, the senior vice president now directly owns 4,677 shares of the company’s stock, valued at $371,026.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Shares of NASDAQ JACK traded up $0.77 during mid-day trading on Friday, reaching $79.51. The company had a trading volume of 5,133 shares, compared to its average volume of 541,734. The stock has a fifty day moving average of $82.85 and a two-hundred day moving average of $83.78. The company has a market capitalization of $1.87 billion, a price-to-earnings ratio of 18.32, a PEG ratio of 1.47 and a beta of 0.22. Jack in the Box Inc. has a 12-month low of $70.77 and a 12-month high of $93.12.

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

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders 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 yield of 2.01%. Jack in the Box’s payout ratio is 36.78%.

Several large investors have recently modified their holdings of the business. First Mercantile Trust Co. increased its stake in shares of Jack in the Box by 11.5% in the third quarter. First Mercantile Trust Co. now owns 1,269 shares of the restaurant operator’s stock worth $116,000 after acquiring an additional 131 shares during the last quarter. Oregon Public Employees Retirement Fund raised its holdings in shares of Jack in the Box by 1.4% during the second quarter. Oregon Public Employees Retirement Fund now owns 10,406 shares of the restaurant operator’s stock worth $847,000 after acquiring an additional 148 shares in the last quarter. Arizona State Retirement System raised its holdings in shares of Jack in the Box by 1.1% during the second quarter. Arizona State Retirement System now owns 18,734 shares of the restaurant operator’s stock worth $1,525,000 after acquiring an additional 203 shares in the last quarter. Dupont Capital Management Corp boosted its position in Jack in the Box by 10.2% during the third quarter. Dupont Capital Management Corp now owns 2,250 shares of the restaurant operator’s stock valued at $205,000 after purchasing an additional 209 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in Jack in the Box by 6,483.3% during the second quarter. Tower Research Capital LLC TRC now owns 395 shares of the restaurant operator’s stock valued at $32,000 after purchasing an additional 389 shares during the last quarter.

Several research analysts have recently weighed in on the stock. Robert W. Baird lifted their target price on shares of Jack in the Box from $95.00 to $104.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. ValuEngine upgraded shares of Jack in the Box from a “sell” rating to a “hold” rating in a research report on Wednesday, November 20th. Telsey Advisory Group raised their price objective on shares of Jack in the Box from $95.00 to $105.00 and gave the stock an “outperform” rating in a research note on Thursday, August 22nd. Wells Fargo & Co lifted their price objective on shares of Jack in the Box from $95.00 to $102.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th. Finally, Credit Suisse Group reiterated a “sell” rating and set a $78.00 price objective on shares of Jack in the Box in a research report 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 given a buy rating to the stock. Jack in the Box presently has an average rating of “Hold” and an average target price of $92.60.

Jack in the Box Company Profile

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

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