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

Jack in the Box Inc. (NASDAQ:JACK) SVP Sarah L. Super sold 1,688 shares of the firm’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 of the company’s stock, valued at $681,343.80. This represents a 9.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Jack in the Box Stock Down 1.5 %

Shares of NASDAQ:JACK traded down $0.62 during trading on Monday, reaching $40.11. 595,516 shares of the company traded hands, compared to its average volume of 524,744. Jack in the Box Inc. has a 1-year low of $38.12 and a 1-year high of $86.20. The firm has a market cap of $755.31 million, a P/E ratio of -20.57, a price-to-earnings-growth ratio of 1.59 and a beta of 1.92. The firm has a fifty day simple moving average of $46.96 and a 200 day simple moving average of $49.05.

Jack in the Box Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Thursday, December 12th will be given a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 4.39%. The ex-dividend date is Thursday, December 12th. Jack in the Box’s payout ratio is currently -90.26%.

Institutional Investors Weigh In On Jack in the Box

Hedge funds and other institutional investors have recently made changes to their positions in the company. DekaBank Deutsche Girozentrale bought a new stake in shares of Jack in the Box in the 3rd quarter valued at approximately $41,000. Point72 Asia Singapore Pte. Ltd. grew its position in Jack in the Box by 172.3% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 2,140 shares of the restaurant operator’s stock worth $100,000 after acquiring an additional 1,354 shares in the last quarter. SG Americas Securities LLC bought a new stake in Jack in the Box in the third quarter worth approximately $185,000. MML Investors Services LLC increased its stake in shares of Jack in the Box by 20.3% during the 3rd quarter. MML Investors Services LLC now owns 4,852 shares of the restaurant operator’s stock worth $226,000 after purchasing an additional 819 shares during the last quarter. Finally, Selway Asset Management bought a new position in shares of Jack in the Box during the 3rd quarter valued at $228,000. 99.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on JACK shares. Loop Capital reduced their price objective on shares of Jack in the Box from $87.00 to $70.00 and set a “buy” rating for the company in a research report on Monday, October 14th. The Goldman Sachs Group reduced their target price on shares of Jack in the Box from $55.00 to $47.00 and set a “sell” rating for the company in a report on Monday, October 21st. Barclays upped their price target on Jack in the Box from $46.00 to $50.00 and gave the company an “equal weight” rating in a report on Thursday, November 21st. TD Cowen reissued a “hold” rating and set a $50.00 price objective on shares of Jack in the Box in a research note on Thursday, November 21st. Finally, UBS Group cut their target price on Jack in the Box from $55.00 to $50.00 and set a “neutral” rating on the stock in a research report on Friday, October 4th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $59.88.

About Jack in the Box

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.