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 firm’s stock in a transaction that occurred on Tuesday, June 25th. The stock was sold at an average price of $51.64, for a total value of $30,880.72. Following the transaction, the chief executive officer now owns 90,887 shares in the company, valued at approximately $4,693,404.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Jack in the Box Stock Performance

NASDAQ:JACK opened at $51.08 on Thursday. Jack in the Box Inc. has a 1 year low of $49.33 and a 1 year high of $99.56. The stock has a fifty day moving average price of $54.72 and a two-hundred day moving average price of $67.57. The stock has a market capitalization of $990.44 million, a price-to-earnings ratio of 8.99, a PEG ratio of 0.70 and a beta of 1.88.

Jack in the Box (NASDAQ:JACK) last announced its quarterly earnings results on Tuesday, May 14th. The restaurant operator reported $1.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.43 by $0.03. The business had revenue of $365.40 million during the quarter, compared to the consensus estimate of $369.53 million. Jack in the Box had a net margin of 7.07% and a negative return on equity of 16.97%. The business’s revenue was down 7.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.47 EPS. On average, analysts predict that Jack in the Box Inc. will post 6.31 EPS for the current 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 paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 3.45%. The ex-dividend date was Thursday, June 6th. Jack in the Box’s dividend payout ratio (DPR) is 30.99%.

Institutional Investors Weigh In On Jack in the Box

A number of institutional investors and hedge funds have recently modified their holdings of JACK. LSV Asset Management boosted its position in Jack in the Box by 74.4% during the fourth quarter. LSV Asset Management now owns 996,472 shares of the restaurant operator’s stock worth $81,342,000 after purchasing an additional 425,079 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Jack in the Box by 11.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 499,987 shares of the restaurant operator’s stock worth $40,814,000 after buying an additional 53,294 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in Jack in the Box by 0.6% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 358,800 shares of the restaurant operator’s stock valued at $29,289,000 after acquiring an additional 1,968 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Jack in the Box by 4.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 347,303 shares of the restaurant operator’s stock valued at $28,350,000 after acquiring an additional 15,061 shares in the last quarter. Finally, Earnest Partners LLC raised its position in Jack in the Box by 1.4% during the third quarter. Earnest Partners LLC now owns 270,106 shares of the restaurant operator’s stock worth $18,654,000 after acquiring an additional 3,649 shares during the last quarter. Institutional investors and hedge funds own 99.79% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on JACK. UBS Group lowered their target price on shares of Jack in the Box from $87.00 to $60.00 and set a “neutral” rating on the stock in a research report on Thursday, May 9th. Bank of America lowered their price objective on shares of Jack in the Box from $87.00 to $83.00 and set a “buy” rating on the stock in a research report on Wednesday, May 15th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $75.00 target price on shares of Jack in the Box in a report on Friday, June 7th. Truist Financial lowered their price target on Jack in the Box from $99.00 to $83.00 and set a “buy” rating on the stock in a report on Wednesday, May 15th. Finally, Oppenheimer reduced their price objective on Jack in the Box from $98.00 to $75.00 and set an “outperform” rating for the company in a research note on Wednesday, May 15th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $75.94.

About Jack in the Box

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.