Phillip H. Rudolph Sells 2,027 Shares of Jack in the Box Inc. (JACK) Stock

Jack in the Box Inc. (NASDAQ:JACK) EVP Phillip H. Rudolph sold 2,027 shares of Jack in the Box stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $99.78, for a total transaction of $202,254.06. Following the transaction, the executive vice president now directly owns 23,311 shares in the company, valued at $2,325,971.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of Jack in the Box Inc. (NASDAQ:JACK) opened at $99.85 on Friday. 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 $113.00. The stock has a market cap of $2,952.47, a price-to-earnings ratio of 22.69, a P/E/G ratio of 1.81 and a beta of 0.51.

Jack in the Box (NASDAQ:JACK) last posted its quarterly earnings data on Wednesday, November 29th. The restaurant operator reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.16). Jack in the Box had a net margin of 8.71% and a negative return on equity of 30.55%. The firm had revenue of $338.75 million for the quarter, compared to analysts’ expectations of $341.34 million. During the same period in the prior year, the company posted $1.03 earnings per share. Jack in the Box’s quarterly revenue was down 15.0% compared to the same quarter last year. analysts expect that Jack in the Box Inc. will post 4.47 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Monday, December 4th were issued a $0.40 dividend. The ex-dividend date was Friday, December 1st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.60%. Jack in the Box’s dividend payout ratio is 36.36%.

A number of research analysts have recently commented on the stock. 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. Stifel Nicolaus assumed 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 on the stock. Telsey Advisory Group raised shares of Jack in the Box from a “market perform” rating to an “outperform” rating and set a $118.00 target price on the stock in a research report on Wednesday, October 4th. Finally, Zacks Investment Research raised shares of Jack in the Box from a “sell” rating to a “hold” rating in a research report on Wednesday, October 11th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company. Jack in the Box has a consensus rating of “Hold” and an average price target of $111.08.

Several institutional investors and hedge funds have recently modified their holdings of the company. Jana Partners LLC acquired a new position in shares of Jack in the Box in the 3rd quarter valued at about $134,200,000. California Public Employees Retirement System increased its holdings in shares of Jack in the Box by 8.1% in the 3rd quarter. California Public Employees Retirement System now owns 95,093 shares of the restaurant operator’s stock valued at $9,692,000 after purchasing an additional 7,093 shares during the period. Janus Henderson Group PLC increased its holdings in shares of Jack in the Box by 14.2% in the 3rd quarter. Janus Henderson Group PLC now owns 623,109 shares of the restaurant operator’s stock valued at $63,507,000 after purchasing an additional 77,557 shares during the period. Jane Street Group LLC increased its holdings in shares of Jack in the Box by 124.0% in the 3rd quarter. Jane Street Group LLC now owns 5,132 shares of the restaurant operator’s stock valued at $523,000 after purchasing an additional 26,495 shares during the period. Finally, Vident Investment Advisory LLC acquired a new position in shares of Jack in the Box in the 3rd quarter valued at about $203,000. Institutional investors own 98.71% of the company’s stock.

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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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