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 the company’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $40.52, for a total value of $68,397.76. Following the transaction, the senior vice president now directly owns 16,815 shares in the company, valued at $681,343.80. This represents a 9.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Jack in the Box Stock Down 1.9 %

Shares of NASDAQ JACK opened at $39.35 on Wednesday. The firm has a market cap 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 200-day simple moving average is $48.81. Jack in the Box Inc. has a 52-week low of $38.12 and a 52-week high of $86.20.

Jack in the Box Announces Dividend

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

Hedge Funds Weigh In On Jack in the Box

Hedge funds have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC increased its position in shares of Jack in the Box by 13.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 712,416 shares of the restaurant operator’s stock worth $33,156,000 after purchasing an additional 85,461 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Jack in the Box by 261.5% during the second quarter. Victory Capital Management Inc. now owns 557,667 shares of the restaurant operator’s stock worth $28,408,000 after buying an additional 403,423 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Jack in the Box by 2.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 388,510 shares of the restaurant operator’s stock valued at $18,081,000 after buying an additional 8,038 shares during the last quarter. Clearline Capital LP lifted its stake in shares of Jack in the Box by 4.1% in the third quarter. Clearline Capital LP now owns 260,730 shares of the restaurant operator’s stock worth $12,134,000 after buying an additional 10,304 shares in the last quarter. Finally, Invenomic Capital Management LP acquired a new position in Jack in the Box during the third quarter worth about $11,802,000. Institutional investors and hedge funds own 99.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on JACK. UBS Group reduced their target price on Jack in the Box from $55.00 to $50.00 and set a “neutral” rating for the company in a research note on Friday, October 4th. Loop Capital decreased their target price on Jack in the Box from $87.00 to $70.00 and set a “buy” rating for the company in a report on Monday, October 14th. Royal Bank of Canada cut their price target on shares of Jack in the Box from $70.00 to $65.00 and set an “outperform” rating on the stock in a report on Thursday, November 21st. The Goldman Sachs Group decreased their price objective on shares of Jack in the Box from $55.00 to $47.00 and set a “sell” rating for the company in a research note on Monday, October 21st. Finally, Truist Financial cut their price objective on shares of Jack in the Box from $70.00 to $57.00 and set a “buy” rating on the stock in a research note on Friday, November 22nd. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $59.88.

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.