Insider Selling: Jack in the Box Inc. (JACK) CFO Sells $179,702.76 in Stock

Jack in the Box Inc. (NASDAQ:JACK) CFO Jerry P. Rebel sold 1,758 shares of the company’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $102.22, for a total value of $179,702.76. Following the completion of the sale, the chief financial officer now directly owns 108,408 shares in the company, valued at $11,081,465.76. The sale 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 $104.57 on Monday. The stock has a market capitalization of $3,077.86, a P/E ratio of 26.95, a PEG ratio of 1.88 and a beta of 0.51. Jack in the Box Inc. has a one year low of $90.89 and a one year high of $113.27. 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 (NASDAQ:JACK) last posted its quarterly earnings data on Wednesday, November 29th. The restaurant operator reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.16). The company had revenue of $338.75 million during the quarter, compared to the consensus estimate of $341.34 million. Jack in the Box had a net margin of 8.71% and a negative return on equity of 30.55%. Jack in the Box’s revenue for the quarter was down 15.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.03 earnings per share. sell-side analysts predict that Jack in the Box Inc. will post 4.49 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Monday, December 4th will be paid a $0.40 dividend. 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 payout ratio is 36.36%.

Several large investors have recently bought and sold shares of JACK. Jana Partners LLC bought a new stake in shares of Jack in the Box in the 3rd quarter valued at approximately $134,200,000. Koch Industries Inc. bought a new stake in shares of Jack in the Box during the 2nd quarter worth approximately $568,000. Bain Capital Public Equity Management LLC bought a new stake in shares of Jack in the Box during the 2nd quarter worth approximately $54,752,000. Janus Henderson Group PLC bought a new stake in shares of Jack in the Box during the 2nd quarter worth approximately $53,737,000. Finally, Vaughan Nelson Investment Management L.P. lifted its stake in shares of Jack in the Box by 60.9% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 850,225 shares of the restaurant operator’s stock worth $86,656,000 after acquiring an additional 321,825 shares during the last quarter. 99.23% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have recently issued reports on JACK. Zacks Investment Research downgraded Jack in the Box from a “hold” rating to a “strong sell” rating in a report on Tuesday, December 5th. Robert W. Baird set a $115.00 target price on Jack in the Box and gave the company a “buy” rating in a report on Monday, November 27th. Stifel Nicolaus initiated coverage on Jack in the Box in a report on Monday, October 2nd. They issued a “hold” rating and a $105.00 target price on the stock. Wedbush downgraded Jack in the Box from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $115.00 to $104.00 in a report on Monday, November 20th. Finally, Oppenheimer restated a “buy” rating and issued a $125.00 price target on shares of Jack in the Box in a research report on Monday, November 20th. One analyst has rated the stock with a sell rating, six have issued a hold rating and nine have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price 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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