Key Points
- SVP Carl Mount sold 1,393 shares on November 25 at an average price of $19.00 for $26,467, reducing his holdings by 6.73% to 19,300 shares, according to an SEC filing.
- The company reported quarterly EPS of $0.30 versus $0.46 expected and revenue of $326.19M (down 6.6% year‑over‑year), with a negative net margin and negative return on equity.
- Several analysts trimmed price targets this week and the stock's consensus rating is Hold, with an average target price of $23.90.
Jack In The Box Inc. (NASDAQ:JACK - Get Free Report) SVP Carl Mount sold 1,393 shares of the stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $19.00, for a total value of $26,467.00. Following the completion of the transaction, the senior vice president directly owned 19,300 shares in the company, valued at $366,700. This trade represents a 6.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Jack In The Box Price Performance
Shares of NASDAQ JACK opened at $19.46 on Wednesday. The business has a 50-day moving average of $17.58 and a two-hundred day moving average of $19.16. The company has a market capitalization of $367.74 million, a price-to-earnings ratio of -5.64 and a beta of 1.20. Jack In The Box Inc. has a 1 year low of $13.99 and a 1 year high of $50.45.
Jack In The Box (NASDAQ:JACK - Get Free Report) last released its quarterly earnings data on Wednesday, November 19th. The restaurant operator reported $0.30 EPS for the quarter, missing analysts' consensus estimates of $0.46 by ($0.16). The business had revenue of $326.19 million during the quarter, compared to analysts' expectations of $324.23 million. Jack In The Box had a negative net margin of 4.34% and a negative return on equity of 11.31%. The company's revenue was down 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.16 EPS. As a group, equities research analysts expect that Jack In The Box Inc. will post 5.33 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on the stock. Truist Financial reduced their price objective on shares of Jack In The Box from $19.00 to $16.00 and set a "hold" rating for the company in a research report on Thursday, November 20th. Oppenheimer cut their price target on shares of Jack In The Box from $28.00 to $24.00 and set an "outperform" rating on the stock in a research note on Thursday, November 20th. Citigroup reduced their price target on shares of Jack In The Box from $19.00 to $16.00 and set a "neutral" rating for the company in a research report on Thursday, November 20th. Stifel Nicolaus dropped their price objective on Jack In The Box from $20.00 to $18.00 and set a "hold" rating on the stock in a report on Thursday, November 20th. Finally, Weiss Ratings reiterated a "sell (e+)" rating on shares of Jack In The Box in a research report on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $23.90.
Get Our Latest Research Report on Jack In The Box
Institutional Investors Weigh In On Jack In The Box
A number of institutional investors and hedge funds have recently made changes to their positions in JACK. GAMMA Investing LLC boosted its stake in shares of Jack In The Box by 165.5% during the third quarter. GAMMA Investing LLC now owns 1,341 shares of the restaurant operator's stock worth $27,000 after buying an additional 836 shares during the period. US Bancorp DE raised its stake in Jack In The Box by 96.7% during the 3rd quarter. US Bancorp DE now owns 1,420 shares of the restaurant operator's stock valued at $28,000 after acquiring an additional 698 shares during the last quarter. Quent Capital LLC acquired a new stake in Jack In The Box during the 3rd quarter worth approximately $42,000. Caitong International Asset Management Co. Ltd lifted its position in Jack In The Box by 7,023.3% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 2,137 shares of the restaurant operator's stock worth $58,000 after acquiring an additional 2,107 shares during the period. Finally, Hantz Financial Services Inc. grew its stake in shares of Jack In The Box by 136.0% in the 3rd quarter. Hantz Financial Services Inc. now owns 2,318 shares of the restaurant operator's stock valued at $46,000 after purchasing an additional 1,336 shares during the last quarter. 99.79% of the stock is owned by hedge funds and other institutional investors.
About Jack In The Box
(
Get Free Report)
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.
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