Short Interest in Jack in the Box Inc. (NASDAQ:JACK) Expands By 8.0%

Jack in the Box Inc. (NASDAQ:JACKGet Rating) was the recipient of a large growth in short interest during the month of December. As of December 30th, there was short interest totalling 1,490,000 shares, a growth of 8.0% from the December 15th total of 1,380,000 shares. Approximately 7.3% of the company’s stock are short sold. Based on an average daily volume of 361,200 shares, the days-to-cover ratio is currently 4.1 days.

Analyst Ratings Changes

Several brokerages recently issued reports on JACK. Royal Bank of Canada reduced their target price on Jack in the Box from $89.00 to $81.00 and set an “outperform” rating on the stock in a research report on Monday, December 5th. StockNews.com began coverage on Jack in the Box in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Credit Suisse Group reduced their target price on Jack in the Box from $84.00 to $73.00 and set an “underperform” rating on the stock in a research report on Wednesday, November 23rd. Stifel Nicolaus reduced their target price on Jack in the Box from $96.00 to $80.00 in a research report on Monday, November 28th. Finally, Cowen upped their target price on Jack in the Box from $70.00 to $80.00 and gave the company a “market perform” rating in a research report on Friday, November 18th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company. According to MarketBeat, Jack in the Box presently has a consensus rating of “Hold” and an average price target of $82.65.

Jack in the Box Price Performance

NASDAQ JACK opened at $74.71 on Monday. The company has a market capitalization of $1.55 billion, a PE ratio of 13.66, a P/E/G ratio of 0.79 and a beta of 1.57. The company has a fifty day moving average of $72.37 and a 200 day moving average of $76.26. Jack in the Box has a 1 year low of $54.80 and a 1 year high of $96.87.

Jack in the Box (NASDAQ:JACKGet Rating) last announced its quarterly earnings results on Tuesday, November 22nd. The restaurant operator reported $1.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.02). Jack in the Box had a negative return on equity of 16.07% and a net margin of 7.89%. The firm had revenue of $402.77 million for the quarter, compared to analysts’ expectations of $392.44 million. Research analysts expect that Jack in the Box will post 5.53 earnings per share for the current year.

Jack in the Box Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 22nd. Shareholders of record on Wednesday, December 7th were given a dividend of $0.44 per share. The ex-dividend date of this dividend was Tuesday, December 6th. This represents a $1.76 dividend on an annualized basis and a yield of 2.36%. Jack in the Box’s dividend payout ratio is currently 32.18%.

Insider Buying and Selling

In related news, CEO Darin S. Harris sold 1,258 shares of the company’s stock in a transaction on Tuesday, December 6th. The stock was sold at an average price of $69.12, for a total transaction of $86,952.96. Following the completion of the sale, the chief executive officer now directly owns 35,520 shares in the company, valued at approximately $2,455,142.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Darin S. Harris sold 2,034 shares of the company’s stock in a transaction on Tuesday, December 20th. The stock was sold at an average price of $67.06, for a total transaction of $136,400.04. Following the completion of the sale, the chief executive officer now directly owns 33,486 shares in the company, valued at approximately $2,245,571.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Darin S. Harris sold 1,258 shares of the company’s stock in a transaction on Tuesday, December 6th. The stock was sold at an average price of $69.12, for a total value of $86,952.96. Following the sale, the chief executive officer now owns 35,520 shares of the company’s stock, valued at $2,455,142.40. The disclosure for this sale can be found here. Insiders sold 4,479 shares of company stock worth $306,303 in the last three months. 1.10% of the stock is owned by insiders.

Institutional Trading of Jack in the Box

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Ancora Advisors LLC purchased a new position in shares of Jack in the Box during the 1st quarter valued at approximately $25,000. Lazard Asset Management LLC acquired a new position in Jack in the Box during the third quarter worth $31,000. Householder Group Estate & Retirement Specialist LLC purchased a new position in Jack in the Box during the third quarter valued at $69,000. Repertoire Partners LP acquired a new stake in shares of Jack in the Box in the second quarter valued at about $56,000. Finally, Quadrant Capital Group LLC increased its stake in shares of Jack in the Box by 344.1% during the third quarter. Quadrant Capital Group LLC now owns 1,088 shares of the restaurant operator’s stock worth $81,000 after purchasing an additional 843 shares in the last quarter. 99.78% of the stock is currently owned by hedge funds and other institutional investors.

Jack in the Box Company Profile

(Get Rating)

Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants. As of November 22, 2022, it operated and franchised approximately 2,2180 Jack in the Box quick-service restaurants in 21 states and Guam. The company was founded in 1951 and is headquartered in San Diego, California.

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