Jack in the Box Inc. (NASDAQ:JACK) CFO Brian M. Scott Sells 696 Shares

Jack in the Box Inc. (NASDAQ:JACK) CFO Brian M. Scott sold 696 shares of the company’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $48.66, for a total transaction of $33,867.36. Following the completion of the sale, the chief financial officer now owns 13,201 shares in the company, valued at approximately $642,360.66. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Jack in the Box Stock Up 4.0 %

NASDAQ:JACK traded up $1.91 during midday trading on Thursday, hitting $50.16. The company had a trading volume of 669,232 shares, compared to its average volume of 495,028. The stock’s fifty day moving average price is $52.56 and its 200-day moving average price is $59.08. Jack in the Box Inc. has a 52-week low of $46.10 and a 52-week high of $86.20. The company has a market capitalization of $972.60 million, a PE ratio of 8.83, a P/E/G ratio of 0.76 and a beta of 1.91.

Jack in the Box (NASDAQ:JACK) last announced its quarterly earnings data on Tuesday, August 6th. The restaurant operator reported $1.65 EPS for the quarter, beating the consensus estimate of $1.51 by $0.14. The firm had revenue of $369.17 million for the quarter, compared to analyst estimates of $371.81 million. Jack in the Box had a negative return on equity of 16.97% and a net margin of 7.07%. The company’s revenue was down 7.0% on a year-over-year basis. During the same period in the prior year, the company earned $1.45 EPS. As a group, research analysts forecast that Jack in the Box Inc. will post 6.29 earnings per share for the current year.

Jack in the Box Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 19th. Stockholders of record on Friday, August 30th will be issued a $0.44 dividend. The ex-dividend date is Friday, August 30th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.51%. Jack in the Box’s payout ratio is 30.99%.

Hedge Funds Weigh In On Jack in the Box

Several institutional investors and hedge funds have recently made changes to their positions in JACK. PNC Financial Services Group Inc. lifted its stake in Jack in the Box by 9.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,993 shares of the restaurant operator’s stock worth $163,000 after purchasing an additional 179 shares during the last quarter. Quadrant Capital Group LLC grew its position in Jack in the Box by 21.8% during the 4th quarter. Quadrant Capital Group LLC now owns 1,541 shares of the restaurant operator’s stock worth $126,000 after acquiring an additional 276 shares during the last quarter. Illinois Municipal Retirement Fund increased its stake in Jack in the Box by 2.5% in the 1st quarter. Illinois Municipal Retirement Fund now owns 11,378 shares of the restaurant operator’s stock worth $779,000 after purchasing an additional 277 shares during the period. The Manufacturers Life Insurance Company lifted its position in Jack in the Box by 3.8% in the second quarter. The Manufacturers Life Insurance Company now owns 9,733 shares of the restaurant operator’s stock valued at $496,000 after purchasing an additional 358 shares during the last quarter. Finally, EntryPoint Capital LLC boosted its stake in shares of Jack in the Box by 73.2% during the first quarter. EntryPoint Capital LLC now owns 866 shares of the restaurant operator’s stock valued at $59,000 after purchasing an additional 366 shares during the period. Institutional investors own 99.79% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on JACK shares. Wedbush lowered their price objective on Jack in the Box from $68.00 to $60.00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. TD Cowen decreased their price target on Jack in the Box from $59.00 to $57.00 and set a “hold” rating for the company in a research report on Wednesday, August 7th. Morgan Stanley reduced their price objective on Jack in the Box from $70.00 to $60.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 16th. Oppenheimer lowered their target price on Jack in the Box from $75.00 to $70.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Finally, Loop Capital reduced their price target on shares of Jack in the Box from $118.00 to $112.00 and set a “buy” rating for the company in a research report on Wednesday, May 15th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $69.35.

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.