Phillip H. Rudolph Sells 19,086 Shares of Jack In The Box Inc. (JACK) Stock
Jack In The Box Inc. (NASDAQ:JACK) EVP Phillip H. Rudolph sold 19,086 shares of the company’s stock in a transaction dated Tuesday, November 29th. The stock was sold at an average price of $105.28, for a total value of $2,009,374.08. Following the completion of the transaction, the executive vice president now directly owns 97,000 shares of the company’s stock, valued at approximately $10,212,160. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Jack In The Box Inc. (NASDAQ:JACK) opened at 104.95 on Wednesday. The company has a market capitalization of $3.39 billion, a price-to-earnings ratio of 28.86 and a beta of 0.50. The stock has a 50 day moving average price of $97.88 and a 200 day moving average price of $92.52. Jack In The Box Inc. has a 1-year low of $61.78 and a 1-year high of $109.40.
Jack In The Box (NASDAQ:JACK) last released its quarterly earnings data on Monday, November 21st. The company reported $1.03 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.15. The business earned $398.42 million during the quarter, compared to analyst estimates of $398.67 million. Jack In The Box had a negative return on equity of 83.17% and a net margin of 7.76%. The company’s revenue was up 12.5% on a year-over-year basis. During the same quarter last year, the business posted $0.62 EPS. On average, equities analysts anticipate that Jack In The Box Inc. will post $3.73 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 16th. Shareholders of record on Monday, December 5th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, December 1st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.52%. This is a positive change from Jack In The Box’s previous quarterly dividend of $0.30. Jack In The Box’s dividend payout ratio (DPR) is presently 32.97%.
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JACK has been the subject of a number of recent analyst reports. Bank of America Corp. reaffirmed a “buy” rating and issued a $108.00 price objective on shares of Jack In The Box in a research note on Tuesday, September 27th. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and issued a $115.00 price objective (up previously from $105.00) on shares of Jack In The Box in a research note on Monday, September 26th. Robert W. Baird reaffirmed an “outperform” rating and issued a $120.00 price objective on shares of Jack In The Box in a research note on Sunday, September 25th. Zacks Investment Research lowered Jack In The Box from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 17th. Finally, Jefferies Group upped their price objective on Jack In The Box from $112.00 to $121.00 and gave the stock a “buy” rating in a research note on Friday, November 25th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $102.23.
Several institutional investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can raised its position in Jack In The Box by 109.1% in the third quarter. Bank of Montreal Can now owns 1,306 shares of the company’s stock worth $126,000 after buying an additional 15,681 shares during the last quarter. Seven Eight Capital LLC raised its position in Jack In The Box by 125.0% in the second quarter. Seven Eight Capital LLC now owns 1,800 shares of the company’s stock worth $155,000 after buying an additional 1,000 shares during the last quarter. LS Investment Advisors LLC raised its position in Jack In The Box by 58.9% in the second quarter. LS Investment Advisors LLC now owns 1,992 shares of the company’s stock worth $171,000 after buying an additional 738 shares during the last quarter. World Asset Management Inc bought a new position in Jack In The Box during the third quarter worth $205,000. Finally, Weiss Asset Management LP bought a new position in Jack In The Box during the third quarter worth $234,000. Institutional investors and hedge funds own 95.36% of the company’s stock.
Jack In The Box Company Profile
Jack in the Box Inc is a restaurant company. The Company operates and franchises approximately 2,910 Jack in the Box quick-service restaurants (QSR) and Qdoba Mexican Eats fast-casual restaurants (Qdoba). Its segments are Jack in the Box and Qdoba Restaurant operations. It operates and franchises approximately 2,250 Jack in the Box restaurants, primarily in the western and southern United States, including one in Guam, over 660 Qdoba restaurants across the United States, and approximately four in Canada.
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