Guillermo Diaz, Jr. Acquires 5,962 Shares of Jack In The Box (NASDAQ:JACK) Stock

Jack In The Box Inc. (NASDAQ:JACKGet Free Report) Director Guillermo Diaz, Jr. bought 5,962 shares of the company’s stock in a transaction dated Thursday, May 28th. The stock was bought at an average cost of $11.51 per share, for a total transaction of $68,622.62. Following the acquisition, the director owned 20,692 shares of the company’s stock, valued at approximately $238,164.92. This trade represents a 40.48% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Jack In The Box Trading Up 7.7%

NASDAQ:JACK opened at $12.45 on Friday. The firm has a market cap of $237.42 million, a P/E ratio of 6.73, a PEG ratio of 0.63 and a beta of 1.45. The stock’s 50 day simple moving average is $11.75 and its 200-day simple moving average is $16.30. Jack In The Box Inc. has a 12-month low of $8.91 and a 12-month high of $25.34.

Jack In The Box (NASDAQ:JACKGet Free Report) last released its earnings results on Wednesday, May 13th. The restaurant operator reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.02. The business had revenue of $254.26 million for the quarter, compared to analyst estimates of $256.55 million. Jack In The Box had a negative return on equity of 6.34% and a net margin of 2.82%.The company’s revenue for the quarter was down 24.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.20 earnings per share. Research analysts forecast that Jack In The Box Inc. will post 3.44 EPS for the current fiscal year.

Institutional Trading of Jack In The Box

Large investors have recently bought and sold shares of the company. Royal Bank of Canada grew its stake in shares of Jack In The Box by 5.9% in the 1st quarter. Royal Bank of Canada now owns 12,035 shares of the restaurant operator’s stock valued at $327,000 after purchasing an additional 671 shares during the period. US Bancorp DE grew its stake in shares of 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 purchasing an additional 698 shares during the period. Allworth Financial LP grew its stake in shares of 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 purchasing an additional 1,126 shares during the period. Hantz Financial Services Inc. grew its stake in shares of 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 purchasing an additional 1,336 shares during the period. Finally, Russell Investments Group Ltd. grew its stake in shares of Jack In The Box by 43.4% in the 4th quarter. Russell Investments Group Ltd. now owns 4,507 shares of the restaurant operator’s stock valued at $85,000 after purchasing an additional 1,363 shares during the period. Institutional investors and hedge funds own 99.79% of the company’s stock.

Analyst Ratings Changes

JACK has been the topic of a number of recent research reports. Oppenheimer dropped their target price 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. Stifel Nicolaus boosted their target price 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. Royal Bank Of Canada dropped their target price on Jack In The Box from $17.00 to $16.00 and set an “outperform” rating on the stock in a report on Thursday, May 14th. Citigroup dropped their target price on Jack In The Box from $15.00 to $14.00 and set a “neutral” rating on the stock in a report on Thursday, May 14th. Finally, The Goldman Sachs Group dropped their target price on Jack In The Box from $17.00 to $12.00 and set a “sell” rating on the stock in a report on Friday, May 15th. Three analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Jack In The Box has a consensus rating of “Hold” and an average price target of $15.84.

Read 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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