Key Points
- Jack In The Box director Guillermo Diaz, Jr. bought 5,962 shares at an average price of $11.51, a transaction worth $68,622.62. His stake rose 40.48% to 20,692 shares.
- The stock was down 1.9% and opened at $11.56, leaving it well below its 52-week high of $25.34. Jack In The Box also has a market cap of about $220.45 million and a 200-day moving average of $16.32.
- The company recently reported Q1 earnings of $0.76 per share, topping estimates by $0.02, but revenue fell 24.5% year over year to $254.26 million. Wall Street currently has a Hold consensus rating with an average price target of $15.84.
Jack In The Box Inc. (NASDAQ:JACK - Get Free Report) Director Guillermo Diaz, Jr. purchased 5,962 shares of the stock in a transaction dated Thursday, May 28th. The shares were acquired at an average price of $11.51 per share, for a total transaction of $68,622.62. Following the acquisition, the director directly owned 20,692 shares of the company's stock, valued at $238,164.92. This represents a 40.48% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Jack In The Box Trading Down 1.9%
Shares of JACK stock opened at $11.56 on Friday. Jack In The Box Inc. has a 1-year low of $8.91 and a 1-year high of $25.34. The company has a market capitalization of $220.45 million, a price-to-earnings ratio of 6.25, a P/E/G ratio of 0.64 and a beta of 1.45. The stock's fifty day simple moving average is $11.73 and its 200-day simple moving average is $16.32.
Jack In The Box (NASDAQ:JACK - Get Free Report) last issued its quarterly earnings results on Wednesday, May 13th. The restaurant operator reported $0.76 earnings per share for the quarter, beating analysts' consensus estimates of $0.74 by $0.02. Jack In The Box had a negative return on equity of 6.34% and a net margin of 2.82%.The business had revenue of $254.26 million for the quarter, compared to the consensus estimate of $256.55 million. During the same quarter in the previous year, the company posted $1.20 earnings per share. Jack In The Box's revenue for the quarter was down 24.5% compared to the same quarter last year. On average, sell-side analysts predict that Jack In The Box Inc. will post 3.44 EPS for the current year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the company. US Bancorp DE grew its stake in Jack In The Box by 96.7% in the third quarter. US Bancorp DE now owns 1,420 shares of the restaurant operator's stock valued at $28,000 after purchasing an additional 698 shares in the last quarter. Allworth Financial LP grew its stake in Jack In The Box by 322.6% in the fourth quarter. Allworth Financial LP now owns 1,475 shares of the restaurant operator's stock valued at $28,000 after purchasing an additional 1,126 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Jack In The Box by 3,604.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,852 shares of the restaurant operator's stock valued at $35,000 after purchasing an additional 1,802 shares in the last quarter. Hantz Financial Services Inc. grew its stake in 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 purchasing an additional 1,336 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its stake in Jack In The Box by 882.5% in the third quarter. Russell Investments Group Ltd. now owns 3,144 shares of the restaurant operator's stock valued at $62,000 after purchasing an additional 2,824 shares in the last quarter. Hedge funds and other institutional investors own 99.79% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on JACK. Morgan Stanley lowered their price target on Jack In The Box from $19.00 to $15.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 21st. Stifel Nicolaus lifted their price target on Jack In The Box from $10.00 to $15.00 and gave the company a "hold" rating in a report on Thursday, May 14th. Oppenheimer lowered their price target on Jack In The Box from $27.00 to $22.00 and set an "outperform" rating on the stock in a report on Thursday, May 14th. Jefferies Financial Group set a $12.50 price target on Jack In The Box in a report on Thursday, May 14th. Finally, The Goldman Sachs Group lowered their target price on Jack In The Box from $17.00 to $12.00 and set a "sell" rating on the stock in a research note on Friday, May 15th. Three 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 data from MarketBeat, Jack In The Box presently has a consensus rating of "Hold" and an average price target of $15.84.
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About Jack In The Box
(
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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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