Darin S. Harris Sells 598 Shares of Jack in the Box Inc. (NASDAQ:JACK) Stock

Jack in the Box Inc. (NASDAQ:JACK) CEO Darin S. Harris sold 598 shares of the company’s stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $51.64, for a total value of $30,880.72. Following the completion of the transaction, the chief executive officer now owns 90,887 shares of the company’s stock, valued at $4,693,404.68. The transaction was disclosed in a filing with the SEC, which is available at this link.

Jack in the Box Trading Up 0.7 %

Jack in the Box stock opened at $51.46 on Friday. Jack in the Box Inc. has a 12 month low of $49.33 and a 12 month high of $99.56. The stock has a fifty day simple moving average of $54.59 and a two-hundred day simple moving average of $67.46. The firm has a market cap of $997.81 million, a price-to-earnings ratio of 9.06, a PEG ratio of 0.71 and a beta of 1.88.

Jack in the Box (NASDAQ:JACK) last released its quarterly earnings data on Tuesday, May 14th. The restaurant operator reported $1.46 EPS for the quarter, topping the consensus estimate of $1.43 by $0.03. The company had revenue of $365.40 million during the quarter, compared to the consensus estimate of $369.53 million. Jack in the Box had a negative return on equity of 16.97% and a net margin of 7.07%. Jack in the Box’s revenue for the quarter was down 7.7% on a year-over-year basis. During the same period last year, the company earned $1.47 EPS. On average, equities research analysts forecast that Jack in the Box Inc. will post 6.31 EPS for the current fiscal year.

Jack in the Box Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 25th. Stockholders of record on Thursday, June 6th were issued a dividend of $0.44 per share. The ex-dividend date of this dividend was Thursday, June 6th. This represents a $1.76 annualized dividend and a dividend yield of 3.42%. Jack in the Box’s payout ratio is 30.99%.

Institutional Trading of Jack in the Box

Several hedge funds have recently bought and sold shares of JACK. LSV Asset Management lifted its holdings in shares of Jack in the Box by 74.4% in the fourth quarter. LSV Asset Management now owns 996,472 shares of the restaurant operator’s stock worth $81,342,000 after buying an additional 425,079 shares in the last quarter. Lighthouse Investment Partners LLC bought a new position in Jack in the Box during the fourth quarter valued at $11,424,000. Trexquant Investment LP raised its stake in shares of Jack in the Box by 840.9% in the fourth quarter. Trexquant Investment LP now owns 129,763 shares of the restaurant operator’s stock valued at $10,593,000 after acquiring an additional 115,972 shares during the period. UBS Group AG boosted its stake in shares of Jack in the Box by 678.4% during the 4th quarter. UBS Group AG now owns 105,203 shares of the restaurant operator’s stock worth $8,588,000 after purchasing an additional 91,688 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its holdings in Jack in the Box by 11.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 499,987 shares of the restaurant operator’s stock valued at $40,814,000 after purchasing an additional 53,294 shares during the last quarter. Institutional investors own 99.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on JACK shares. Barclays cut their price objective on shares of Jack in the Box from $80.00 to $60.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 15th. Piper Sandler lowered their price target on shares of Jack in the Box from $81.00 to $67.00 and set a “neutral” rating for the company in a report on Wednesday, May 8th. StockNews.com raised shares of Jack in the Box from a “sell” rating to a “hold” rating in a report on Friday, March 1st. Truist Financial lowered their price objective on shares of Jack in the Box from $99.00 to $83.00 and set a “buy” rating for the company in a research note on Wednesday, May 15th. Finally, Bank of America dropped their target price on shares of Jack in the Box from $87.00 to $83.00 and set a “buy” rating for the company in a report on Wednesday, May 15th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Jack in the Box presently has an average rating of “Hold” and a consensus target price of $75.94.

Jack in the Box Company Profile

Jack in the Box Inc operates and franchises Jack in the Box and Del Taco quick-service restaurants in the United States. The company was founded in 1951 and is headquartered in San Diego, California.