Insider Selling: Jack in the Box Inc. (NASDAQ:JACK) CFO Sells $33,867.36 in Stock

Jack in the Box Inc. (NASDAQ:JACK) CFO Brian M. Scott sold 696 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $48.66, for a total transaction of $33,867.36. Following the transaction, the chief financial officer now owns 13,201 shares of the company’s stock, valued at approximately $642,360.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Jack in the Box Stock Down 0.7 %

Shares of JACK stock opened at $49.36 on Friday. The firm has a market cap of $944.26 million, a PE ratio of 8.69, a P/E/G ratio of 0.77 and a beta of 1.91. Jack in the Box Inc. has a 12 month low of $46.10 and a 12 month high of $86.20. The company’s fifty day simple moving average is $52.52 and its 200-day simple moving average is $58.72.

Jack in the Box (NASDAQ:JACK) last issued its quarterly earnings results on Tuesday, August 6th. The restaurant operator reported $1.65 EPS for the quarter, topping the consensus estimate of $1.51 by $0.14. The firm had revenue of $369.17 million for the quarter, compared to analysts’ expectations of $371.81 million. Jack in the Box had a negative net margin of 2.30% and a negative return on equity of 16.46%. The company’s revenue for the quarter was down 7.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.45 EPS. On average, equities analysts predict that Jack in the Box Inc. will post 6.23 earnings per share for the current fiscal year.

Jack in the Box Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 19th. Shareholders of record on Friday, August 30th will be paid a $0.44 dividend. The ex-dividend date is Friday, August 30th. This represents a $1.76 dividend on an annualized basis and a yield of 3.57%. Jack in the Box’s dividend payout ratio is 30.99%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Capstone Investment Advisors LLC bought a new position in shares of Jack in the Box in the fourth quarter valued at $1,313,000. GSA Capital Partners LLP grew its position in shares of Jack in the Box by 777.7% in the 4th quarter. GSA Capital Partners LLP now owns 33,809 shares of the restaurant operator’s stock valued at $2,760,000 after acquiring an additional 29,957 shares during the period. Trexquant Investment LP increased its stake in shares of Jack in the Box by 840.9% during the 4th quarter. Trexquant Investment LP now owns 129,763 shares of the restaurant operator’s stock worth $10,593,000 after purchasing an additional 115,972 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in shares of Jack in the Box by 21.0% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 137,073 shares of the restaurant operator’s stock valued at $9,387,000 after purchasing an additional 23,770 shares during the period. Finally, Manning & Napier Advisors LLC acquired a new stake in Jack in the Box in the 2nd quarter valued at about $3,311,000. Institutional investors and hedge funds own 99.79% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on JACK. Piper Sandler decreased their price target on shares of Jack in the Box from $60.00 to $56.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. TD Cowen reduced their target price on Jack in the Box from $59.00 to $57.00 and set a “hold” rating on the stock in a report on Wednesday, August 7th. The Goldman Sachs Group began coverage on Jack in the Box in a report on Thursday, June 13th. They issued a “sell” rating and a $55.00 price target for the company. Truist Financial cut their price objective on Jack in the Box from $83.00 to $70.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Finally, Royal Bank of Canada lowered their target price on Jack in the Box from $75.00 to $70.00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $69.35.

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.