Key Points
- SVP Carl Mount sold 1,142 shares on May 4 at an average price of $12.10 (totaling $13,818.20) to cover tax withholding on vested equity, lowering his stake by 2.73% to 40,730 shares; the transaction was disclosed in an SEC Form 4 filing.
- Jack In The Box shares traded around $12.84 with a market cap of ~$244 million and negative P/E, and the company reported an EPS miss ( $1.00 vs. $1.10 expected) with revenue down 5.8% year-over-year and negative net margin and ROE.
- Institutional investors own 99.79% of the stock, and analysts hold a consensus "Hold" rating with an average price target of $21.18 amid mixed recent analyst revisions.
Jack In The Box Inc. (NASDAQ:JACK - Get Free Report) SVP Carl Mount sold 1,142 shares of the stock in a transaction that occurred 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 transaction, the senior vice president owned 40,730 shares in the company, valued at $492,833. The trade was a 2.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Jack In The Box Stock Performance
Jack In The Box stock opened at $12.84 on Wednesday. The stock has a market capitalization of $244.47 million, a price-to-earnings ratio of -2.09, a PEG ratio of 0.67 and a beta of 1.45. Jack In The Box Inc. has a 52-week low of $8.91 and a 52-week high of $29.40. The stock's 50 day moving average price is $12.68 and its two-hundred day moving average price is $16.92.
Jack In The Box (NASDAQ:JACK - Get Free Report) last posted its quarterly earnings results on Wednesday, February 18th. The restaurant operator reported $1.00 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.10 by ($0.10). The business 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%.Jack In The Box's quarterly revenue was down 5.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.86 earnings per share. On average, equities research analysts forecast that Jack In The Box Inc. will post 3.36 EPS for the current year.
Hedge Funds Weigh In On Jack In The Box
Large investors have recently added to or reduced their stakes in the business. Allworth Financial LP lifted its position in Jack In The Box by 322.6% in the 4th quarter. Allworth Financial LP now owns 1,475 shares of the restaurant operator's stock valued at $28,000 after acquiring an additional 1,126 shares in the last quarter. US Bancorp DE lifted its position in Jack In The Box by 96.7% in 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 in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in Jack In The Box by 3,604.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,852 shares of the restaurant operator's stock valued at $35,000 after acquiring an additional 1,802 shares in the last quarter. Quent Capital LLC bought a new position in Jack In The Box in the 3rd quarter valued at about $42,000. Finally, Hantz Financial Services Inc. lifted its position in 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 acquiring an additional 1,336 shares in the last quarter. Institutional investors own 99.79% of the company's stock.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on JACK. Wall Street Zen upgraded Jack In The Box from a "sell" rating to a "hold" rating in a research note on Saturday, February 21st. Citigroup reduced their target price on Jack In The Box from $24.00 to $15.00 and set a "neutral" rating for the company in a research note on Wednesday, April 29th. Sanford C. Bernstein set a $23.00 target price on Jack In The Box in a research note on Thursday, February 19th. Barclays raised their target price on Jack In The Box from $15.00 to $20.00 and gave the company an "equal weight" rating in a research note on Wednesday, January 7th. Finally, The Goldman Sachs Group raised their target price on Jack In The Box from $15.00 to $17.00 and gave the company a "sell" rating in a research note on Wednesday, January 28th. Four investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $21.18.
Check Out Our Latest Analysis on Jack In The Box
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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