Key Points
- CEO Lance Tucker sold 3,150 shares on January 28 at an average price of $21.83 for a total of $68,764.50, trimming his stake by 1.52% to 204,068 shares (worth about $4.45M).
- Jack In The Box missed quarterly EPS, reporting $0.30 vs. $0.46 expected, and showed a negative net margin (-5.51%) and negative ROE (-9.23%) with revenue down 6.6% year-over-year.
- The stock trades around $20 (50-day MA $20.12, 200-day MA $19.21) with a market cap of roughly $397M; analysts’ consensus is a "Hold" with an average price target of $25.20.
Jack In The Box Inc. (NASDAQ:JACK - Get Free Report) CEO Lance Tucker sold 3,150 shares of the stock in a transaction that occurred on Wednesday, January 28th. The shares were sold at an average price of $21.83, for a total value of $68,764.50. Following the transaction, the chief executive officer directly owned 204,068 shares of the company's stock, valued at $4,454,804.44. The trade was a 1.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Jack In The Box Stock Performance
Shares of JACK opened at $20.81 on Thursday. The stock has a 50 day moving average price of $20.12 and a 200 day moving average price of $19.21. Jack In The Box Inc. has a one year low of $13.99 and a one year high of $44.15. The stock has a market capitalization of $397.47 million, a price-to-earnings ratio of -4.87, a PEG ratio of 1.10 and a beta of 1.13.
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). Jack In The Box had a negative net margin of 5.51% and a negative return on equity of 9.23%. The business had revenue of $326.19 million during the quarter, compared to analyst estimates of $324.23 million. During the same quarter in the previous year, the company posted $1.16 EPS. The firm's revenue was down 6.6% on a year-over-year basis. On average, analysts predict that Jack In The Box Inc. will post 5.33 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on the company. Barclays raised their price objective on Jack In The Box from $15.00 to $20.00 and gave the stock an "equal weight" rating in a research report on Wednesday, January 7th. UBS Group lifted their price target on shares of Jack In The Box from $17.00 to $21.00 and gave the company a "neutral" rating in a research report on Tuesday, January 6th. Sanford C. Bernstein set a $20.00 price objective on shares of Jack In The Box in a report on Wednesday, January 7th. Wall Street Zen cut shares of Jack In The Box from a "hold" rating to a "sell" rating in a research report on Friday, January 23rd. Finally, Morgan Stanley cut their target price on Jack In The Box from $20.00 to $19.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 20th. Five equities research 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.com, the stock currently has an average rating of "Hold" and an average price target of $25.20.
Check Out Our Latest Report on JACK
Hedge Funds Weigh In On Jack In The Box
Several large investors have recently bought and sold shares of JACK. Marshall Wace LLP lifted its holdings in Jack In The Box by 192.9% during the 3rd quarter. Marshall Wace LLP now owns 744,141 shares of the restaurant operator's stock worth $14,712,000 after buying an additional 490,071 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in Jack In The Box by 519.5% during the third quarter. Ameriprise Financial Inc. now owns 241,444 shares of the restaurant operator's stock worth $4,773,000 after purchasing an additional 202,469 shares during the last quarter. Ruffer LLP purchased a new stake in Jack In The Box during the fourth quarter worth approximately $3,223,000. Two Sigma Investments LP boosted its holdings in Jack In The Box by 186.4% in the third quarter. Two Sigma Investments LP now owns 236,606 shares of the restaurant operator's stock valued at $4,678,000 after purchasing an additional 154,002 shares in the last quarter. Finally, Millennium Management LLC increased its stake in Jack In The Box by 535.1% in the third quarter. Millennium Management LLC now owns 152,138 shares of the restaurant operator's stock valued at $3,008,000 after purchasing an additional 128,182 shares during the last quarter. Hedge funds and other institutional investors own 99.79% of the company's stock.
About Jack In The Box
(
Get Free Report)
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.
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