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.
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.
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