Jack In The Box (NASDAQ:JACK) CEO Sells $68,764.50 in Stock

Jack In The Box Inc. (NASDAQ:JACK) CEO Lance Tucker sold 3,150 shares of the business’s stock in a transaction dated Wednesday, January 28th. The stock was sold at an average price of $21.83, for a total transaction of $68,764.50. Following the transaction, the chief executive officer owned 204,068 shares in the company, valued at $4,454,804.44. The trade was a 1.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Jack In The Box Price Performance

JACK opened at $20.97 on Friday. The firm has a market capitalization of $400.59 million, a price-to-earnings ratio of -4.91, a price-to-earnings-growth ratio of 1.04 and a beta of 1.13. The company’s 50 day simple moving average is $20.31 and its two-hundred day simple moving average is $19.22. Jack In The Box Inc. has a 1-year low of $13.99 and a 1-year high of $44.15.

Jack In The Box (NASDAQ:JACK) last posted its quarterly earnings results on Wednesday, November 19th. The restaurant operator reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.16). Jack In The Box had a negative net margin of 5.51% and a negative return on equity of 9.23%. The company had revenue of $326.19 million during the quarter, compared to analysts’ expectations of $324.23 million. During the same quarter last year, the company earned $1.16 earnings per share. Jack In The Box’s revenue for the quarter was down 6.6% on a year-over-year basis. On average, equities analysts anticipate that Jack In The Box Inc. will post 5.33 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have issued reports on JACK. Citigroup cut their target price on Jack In The Box from $19.00 to $16.00 and set a “neutral” rating for the company in a research note on Thursday, November 20th. Wall Street Zen lowered shares of Jack In The Box from a “hold” rating to a “sell” rating in a research note on Friday, January 23rd. Northcoast Research upgraded Jack In The Box from a “sell” rating to a “neutral” rating in a report on Friday, November 21st. Truist Financial raised their target price on shares of Jack In The Box from $16.00 to $18.00 and gave the company a “hold” rating in a report on Thursday, January 8th. Finally, Piper Sandler lowered their price target on shares of Jack In The Box from $19.00 to $17.00 and set a “neutral” rating for the company in a report on Friday, November 21st. Five analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Jack In The Box presently has an average rating of “Hold” and an average price target of $25.20.

Hedge Funds Weigh In On Jack In The Box

Several large investors have recently bought and sold shares of the stock. GAMMA Investing LLC lifted its holdings in shares of Jack In The Box by 165.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,341 shares of the restaurant operator’s stock valued at $27,000 after purchasing an additional 836 shares during the last quarter. US Bancorp DE increased its position in Jack In The Box by 96.7% during the third quarter. US Bancorp DE now owns 1,420 shares of the restaurant operator’s stock worth $28,000 after buying an additional 698 shares during the period. Quent Capital LLC purchased a new stake in Jack In The Box in the third quarter valued at approximately $42,000. Hantz Financial Services Inc. boosted its holdings 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 valued at $46,000 after acquiring an additional 1,336 shares during the period. Finally, Russell Investments Group Ltd. grew its position in shares of Jack In The Box by 882.5% during the third quarter. Russell Investments Group Ltd. now owns 3,144 shares of the restaurant operator’s stock worth $62,000 after acquiring an additional 2,824 shares during the last quarter. Institutional investors and hedge funds own 99.79% of the company’s stock.

Jack In The Box Company Profile

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.