Jack In The Box (NASDAQ:JACK) SVP Carl Mount Sells 1,142 Shares of Stock

Jack In The Box Inc. (NASDAQ:JACK) SVP Carl Mount sold 1,142 shares of the business’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $12.10, for a total value of $13,818.20. Following the sale, the senior vice president owned 40,730 shares in the company, valued at $492,833. This represents a 2.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Jack In The Box Stock Up 6.6%

Shares of JACK stock opened at $12.84 on Wednesday. The firm has a market capitalization of $244.47 million, a P/E ratio of -2.09, a P/E/G ratio of 0.67 and a beta of 1.45. Jack In The Box Inc. has a twelve month low of $8.91 and a twelve month high of $29.40. The stock’s fifty day simple moving average is $12.68 and its 200 day simple moving average is $16.92.

Jack In The Box (NASDAQ:JACK) last issued its quarterly earnings data on Wednesday, February 18th. The restaurant operator reported $1.00 earnings per share for the quarter, missing analysts’ consensus estimates of $1.10 by ($0.10). The firm had revenue of $349.52 million for the quarter, compared to the consensus estimate of $355.73 million. Jack In The Box had a negative return on equity of 7.12% and a negative net margin of 8.69%.The company’s revenue was down 5.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.86 EPS. As a group, equities research analysts expect that Jack In The Box Inc. will post 3.36 EPS for the current fiscal year.

Wall Street Analyst Weigh In

JACK has been the topic of a number of research reports. Morgan Stanley reduced their price objective on Jack In The Box from $19.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 21st. Stifel Nicolaus cut their target price on Jack In The Box from $18.00 to $10.00 and set a “hold” rating on the stock in a report on Tuesday, March 31st. Royal Bank Of Canada cut their target price on Jack In The Box from $25.00 to $17.00 and set an “outperform” rating on the stock in a report on Friday, May 1st. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Jack In The Box in a report on Tuesday, April 21st. Finally, Piper Sandler lifted their target price on Jack In The Box from $17.00 to $23.00 and gave the stock a “neutral” rating in a report on Thursday, February 19th. Four analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $21.18.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its position in shares of Jack In The Box by 45.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 389,327 shares of the restaurant operator’s stock worth $7,697,000 after acquiring an additional 121,752 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Jack In The Box in the 4th quarter worth about $2,043,000. SG Americas Securities LLC raised its position in shares of Jack In The Box by 1,990.4% in the 4th quarter. SG Americas Securities LLC now owns 117,457 shares of the restaurant operator’s stock worth $2,226,000 after acquiring an additional 111,838 shares in the last quarter. Ruffer LLP bought a new position in shares of Jack In The Box in the 4th quarter worth about $3,223,000. Finally, Callodine Capital Management LP raised its position in shares of Jack In The Box by 4.7% in the 3rd quarter. Callodine Capital Management LP now owns 1,695,504 shares of the restaurant operator’s stock worth $33,520,000 after acquiring an additional 75,572 shares in the last quarter. 99.79% of the stock is owned by institutional investors and hedge funds.

About Jack In The Box

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.