Sarah L. Super Sells 1,688 Shares of Jack in the Box Inc. (NASDAQ:JACK) Stock

Jack in the Box Inc. (NASDAQ:JACK) SVP Sarah L. Super sold 1,688 shares of Jack in the Box stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $40.52, for a total value of $68,397.76. Following the completion of the transaction, the senior vice president now owns 16,815 shares of the company’s stock, valued at approximately $681,343.80. This trade represents a 9.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

Jack in the Box Stock Performance

NASDAQ JACK opened at $39.35 on Wednesday. Jack in the Box Inc. has a one year low of $38.12 and a one year high of $86.20. The company has a market capitalization of $741.00 million, a price-to-earnings ratio of -20.18, a price-to-earnings-growth ratio of 1.59 and a beta of 1.92. The company’s 50-day simple moving average is $46.73 and its two-hundred day simple moving average is $48.81.

Jack in the Box Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Thursday, December 12th will be issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 4.47%. The ex-dividend date is Thursday, December 12th. Jack in the Box’s payout ratio is -90.26%.

Wall Street Analysts Forecast Growth

JACK has been the subject of several recent analyst reports. Guggenheim dropped their price objective on shares of Jack in the Box from $95.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, November 20th. The Goldman Sachs Group cut their price target on shares of Jack in the Box from $55.00 to $47.00 and set a “sell” rating on the stock in a report on Monday, October 21st. Stifel Nicolaus decreased their price objective on shares of Jack in the Box from $55.00 to $52.00 and set a “hold” rating for the company in a research note on Monday, December 9th. Barclays upped their target price on Jack in the Box from $46.00 to $50.00 and gave the company an “equal weight” rating in a research note on Thursday, November 21st. Finally, Loop Capital decreased their price target on Jack in the Box from $87.00 to $70.00 and set a “buy” rating for the company in a research note on Monday, October 14th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $59.88.

Hedge Funds Weigh In On Jack in the Box

A number of large investors have recently bought and sold shares of JACK. Victory Capital Management Inc. raised its position in shares of Jack in the Box by 261.5% in the 2nd quarter. Victory Capital Management Inc. now owns 557,667 shares of the restaurant operator’s stock worth $28,408,000 after acquiring an additional 403,423 shares in the last quarter. Invenomic Capital Management LP bought a new position in Jack in the Box in the third quarter worth about $11,802,000. Clearline Capital LP lifted its position in shares of Jack in the Box by 136.7% during the second quarter. Clearline Capital LP now owns 250,426 shares of the restaurant operator’s stock valued at $12,757,000 after buying an additional 144,631 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Jack in the Box by 26.2% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 626,955 shares of the restaurant operator’s stock valued at $31,937,000 after buying an additional 130,214 shares in the last quarter. Finally, Squarepoint Ops LLC grew its position in shares of Jack in the Box by 296.5% in the 2nd quarter. Squarepoint Ops LLC now owns 135,146 shares of the restaurant operator’s stock worth $6,884,000 after buying an additional 101,064 shares during the last quarter. Institutional investors own 99.79% of the company’s stock.

Jack in the Box Company Profile

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.