Insider Selling: Jack in the Box Inc. (NASDAQ:JACK) Director Sells $115,731.40 in Stock

Jack in the Box Inc. (NASDAQ:JACK – Get Rating) Director Michael W. Murphy sold 1,390 shares of the stock in a transaction dated Thursday, March 9th. The shares were sold at an average price of $83.26, for a total value of $115,731.40. Following the transaction, the director now owns 68,092 shares in the company, valued at $5,669,339.92. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Jack in the Box Stock Down 2.1 %

JACK opened at $80.83 on Monday. The stock has a market cap of $1.67 billion, a PE ratio of 13.12, a PEG ratio of 0.83 and a beta of 1.62. The business has a 50 day moving average of $77.66 and a 200-day moving average of $77.80. Jack in the Box Inc. has a 52 week low of $54.80 and a 52 week high of $94.68.

Jack in the Box (NASDAQ:JACK – Get Rating) last released its earnings results on Wednesday, March 1st. The restaurant operator reported $2.01 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.25. The company had revenue of $527.10 million during the quarter, compared to analysts’ expectations of $506.98 million. Jack in the Box had a negative return on equity of 16.57% and a net margin of 7.86%. The firm’s revenue for the quarter was up 52.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.97 EPS. Equities analysts anticipate that Jack in the Box Inc. will post 5.75 EPS for the current year.

Jack in the Box Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 28th. Stockholders of record on Wednesday, March 15th will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date is Tuesday, March 14th. Jack in the Box’s payout ratio is presently 28.57%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Truist Financial increased their price objective on Jack in the Box from $92.00 to $98.00 in a research report on Thursday, March 2nd. Robert W. Baird raised their price target on Jack in the Box from $77.00 to $88.00 in a research report on Thursday, March 2nd. UBS Group raised their price target on Jack in the Box from $75.00 to $88.00 and gave the stock a “neutral” rating in a research report on Thursday, March 2nd. Credit Suisse Group raised their price target on Jack in the Box from $73.00 to $80.00 and gave the stock an “underperform” rating in a research report on Thursday, March 2nd. Finally, Cowen raised their price target on Jack in the Box from $70.00 to $80.00 and gave the stock a “market perform” rating in a research report on Friday, November 18th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Jack in the Box has a consensus rating of “Hold” and a consensus price target of $87.56.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Raymond James & Associates purchased a new position in Jack in the Box during the first quarter valued at $1,129,000. Citigroup Inc. raised its stake in Jack in the Box by 30.2% during the first quarter. Citigroup Inc. now owns 28,563 shares of the restaurant operator’s stock valued at $2,668,000 after buying an additional 6,622 shares during the last quarter. Bank of Montreal Can purchased a new position in Jack in the Box during the first quarter valued at $599,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Jack in the Box by 153.2% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 18,192 shares of the restaurant operator’s stock valued at $1,699,000 after buying an additional 11,007 shares during the last quarter. Finally, BlackRock Inc. raised its stake in Jack in the Box by 36.3% during the first quarter. BlackRock Inc. now owns 3,284,343 shares of the restaurant operator’s stock valued at $306,789,000 after buying an additional 874,419 shares during the last quarter. Hedge funds and other institutional investors own 99.78% of the company’s stock.

About Jack in the Box

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Jack in the Box, Inc engages in operating and franchising a chain of quick-service and fast-casual restaurants. It operates through the Jack in the Box Restaurant segments. The Jack in the Box Restaurant segment offers a broad selection of distinctive products including burgers like Jumbo Jack burgers, and product lines such as Buttery Jack burgers including the Brunchfast menu.