Leonard A. Comma Sells 11,528 Shares of Jack in the Box Inc. (JACK) Stock

Jack in the Box Inc. (NASDAQ:JACK) CEO Leonard A. Comma sold 11,528 shares of the company’s stock in a transaction dated Friday, November 30th. The stock was sold at an average price of $87.66, for a total transaction of $1,010,544.48. Following the completion of the transaction, the chief executive officer now owns 196,397 shares in the company, valued at $17,216,161.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

NASDAQ:JACK opened at $88.69 on Friday. Jack in the Box Inc. has a 1-year low of $75.09 and a 1-year high of $108.55. The stock has a market capitalization of $2.28 billion, a P/E ratio of 23.40, a price-to-earnings-growth ratio of 1.74 and a beta of 0.52.

Jack in the Box (NASDAQ:JACK) last released its quarterly earnings data on Monday, November 19th. The restaurant operator reported $0.77 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.85 by ($0.08). Jack in the Box had a negative return on equity of 23.22% and a net margin of 13.96%. The business had revenue of $177.47 million during the quarter, compared to analysts’ expectations of $175.26 million. During the same period last year, the company earned $0.73 earnings per share. The firm’s revenue was down 23.5% compared to the same quarter last year. As a group, analysts anticipate that Jack in the Box Inc. will post 4.22 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 18th. Investors of record on Wednesday, December 5th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date is Tuesday, December 4th. Jack in the Box’s dividend payout ratio (DPR) is presently 42.22%.

JACK has been the topic of a number of research analyst reports. Cowen restated a “hold” rating and issued a $94.00 price target on shares of Jack in the Box in a report on Thursday, August 9th. BidaskClub upgraded shares of Jack in the Box from a “sell” rating to a “hold” rating in a report on Thursday, September 27th. Wedbush cut shares of Jack in the Box from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $115.00 to $80.00 in a report on Friday, October 26th. ValuEngine cut shares of Jack in the Box from a “hold” rating to a “sell” rating in a report on Tuesday, September 11th. Finally, Gordon Haskett initiated coverage on shares of Jack in the Box in a report on Thursday, October 18th. They issued a “hold” rating and a $84.00 price target on the stock. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $94.09.

A number of large investors have recently added to or reduced their stakes in JACK. Ancora Advisors LLC purchased a new stake in Jack in the Box in the third quarter worth about $110,000. Tower Research Capital LLC TRC lifted its position in shares of Jack in the Box by 267.4% during the third quarter. Tower Research Capital LLC TRC now owns 1,543 shares of the restaurant operator’s stock valued at $129,000 after buying an additional 1,123 shares during the last quarter. Signition LP purchased a new stake in shares of Jack in the Box during the third quarter valued at about $205,000. NumerixS Investment Technologies Inc purchased a new stake in shares of Jack in the Box during the second quarter valued at about $242,000. Finally, Stevens Capital Management LP purchased a new stake in shares of Jack in the Box during the second quarter valued at about $284,000. 97.76% of the stock is owned by institutional investors.

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About Jack in the Box

Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants. As of April 15, 2018, it operated and franchised 2,245 Jack in the Box restaurants primarily in the western and southern United States and Guam. The company was founded in 1951 and is headquartered in San Diego, California.

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