Jack In The Box (NASDAQ:JACK) Director Guillermo Diaz, Jr. Acquires 5,962 Shares

Jack In The Box Inc. (NASDAQ:JACK) Director Guillermo Diaz, Jr. acquired 5,962 shares of the business’s stock in a transaction dated Thursday, May 28th. The shares were bought at an average price of $11.51 per share, with a total value of $68,622.62. Following the transaction, the director directly owned 20,692 shares in the company, valued at approximately $238,164.92. The trade was a 40.48% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Jack In The Box Price Performance

Shares of NASDAQ:JACK traded down $0.22 on Thursday, reaching $11.56. 898,781 shares of the company traded hands, compared to its average volume of 775,711. Jack In The Box Inc. has a fifty-two week low of $8.91 and a fifty-two week high of $25.34. The company’s 50 day moving average is $11.75 and its 200-day moving average is $16.36. The stock has a market capitalization of $220.45 million, a PE ratio of 6.25, a P/E/G ratio of 0.59 and a beta of 1.45.

Jack In The Box (NASDAQ:JACK) last announced its quarterly earnings data on Wednesday, May 13th. The restaurant operator reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. Jack In The Box had a negative return on equity of 6.34% and a net margin of 2.82%.The company had revenue of $254.26 million during the quarter, compared to the consensus estimate of $256.55 million. During the same quarter in the prior year, the firm earned $1.20 EPS. The company’s quarterly revenue was down 24.5% compared to the same quarter last year. As a group, analysts expect that Jack In The Box Inc. will post 3.44 EPS for the current year.

Hedge Funds Weigh In On Jack In The Box

A number of hedge funds have recently modified their holdings of the stock. Royal Bank of Canada increased its stake in shares of Jack In The Box by 5.9% in the first quarter. Royal Bank of Canada now owns 12,035 shares of the restaurant operator’s stock worth $327,000 after acquiring an additional 671 shares during the last quarter. US Bancorp DE increased its stake in shares of Jack In The Box by 96.7% in the third quarter. US Bancorp DE now owns 1,420 shares of the restaurant operator’s stock worth $28,000 after acquiring an additional 698 shares during the last quarter. Allworth Financial LP increased its stake in shares of Jack In The Box by 322.6% in the fourth quarter. Allworth Financial LP now owns 1,475 shares of the restaurant operator’s stock worth $28,000 after acquiring an additional 1,126 shares during the last quarter. Hantz Financial Services Inc. increased its stake in shares of Jack In The Box by 136.0% in the third quarter. Hantz Financial Services Inc. now owns 2,318 shares of the restaurant operator’s stock worth $46,000 after acquiring an additional 1,336 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its stake in shares of Jack In The Box by 43.4% in the fourth quarter. Russell Investments Group Ltd. now owns 4,507 shares of the restaurant operator’s stock worth $85,000 after acquiring an additional 1,363 shares during the last quarter. 99.79% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on JACK. Morgan Stanley cut their target price on shares of Jack In The Box from $19.00 to $15.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 21st. Stifel Nicolaus boosted their target price on shares of Jack In The Box from $10.00 to $15.00 and gave the company a “hold” rating in a research note on Thursday, May 14th. Oppenheimer cut their target price on shares of Jack In The Box from $27.00 to $22.00 and set an “outperform” rating on the stock in a research note on Thursday, May 14th. UBS Group cut their target price on shares of Jack In The Box from $23.00 to $14.00 and set a “neutral” rating on the stock in a research note on Thursday, May 14th. Finally, Sanford C. Bernstein set a $15.00 target price on shares of Jack In The Box in a research note on Thursday, May 14th. Three research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Jack In The Box currently has a consensus rating of “Hold” and a consensus price target of $15.84.

About Jack In The Box

Jack in the Box (NASDAQ: JACK) is a publicly traded quick-service restaurant company best known for its Jack in the Box brand of fast-food restaurants. Founded in 1951 by Robert O. Peterson and headquartered in San Diego, California, the company has operated for decades as a franchisor and operator of drive-thru and dine-in restaurants. Its business model combines company-owned locations with franchise arrangements, and the company focuses on building brand recognition through menu innovation, marketing and service convenience.

The company’s core offerings center on a broad fast-food menu that includes hamburgers (notably the Jumbo Jack), tacos, breakfast items, sandwiches, salads, sides and specialty limited-time items.