Jack In The Box Inc. (NASDAQ:JACK – Get Free Report) was the target of some unusual options trading activity on Thursday. Stock investors purchased 8,301 call options on the stock. This represents an increase of 332% compared to the typical volume of 1,923 call options.
Insider Buying and Selling
In other Jack In The Box news, Director Guillermo Diaz, Jr. purchased 5,962 shares of Jack In The Box stock in a transaction that occurred on Thursday, May 28th. The stock was acquired at an average price of $11.51 per share, for a total transaction of $68,622.62. Following the completion of 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 purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.40% of the company’s stock.
Institutional Investors Weigh In On Jack In The Box
Institutional investors and hedge funds have recently bought and sold shares of the company. Royal Bank of Canada boosted its holdings 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 worth $327,000 after buying an additional 671 shares during the last quarter. US Bancorp DE increased its holdings in Jack In The Box by 96.7% during the third quarter. US Bancorp DE now owns 1,420 shares of the restaurant operator’s stock worth $28,000 after buying an additional 698 shares during the last quarter. Allworth Financial LP increased its holdings in Jack In The Box by 322.6% during the fourth quarter. Allworth Financial LP now owns 1,475 shares of the restaurant operator’s stock worth $28,000 after buying an additional 1,126 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in Jack In The Box by 43.4% during the fourth quarter. Russell Investments Group Ltd. now owns 4,507 shares of the restaurant operator’s stock worth $85,000 after buying an additional 1,363 shares during the last quarter. Finally, Manning & Napier Advisors LLC raised its position in Jack In The Box by 0.4% in the first quarter. Manning & Napier Advisors LLC now owns 376,343 shares of the restaurant operator’s stock worth $3,639,000 after acquiring an additional 1,677 shares during the period. Institutional investors own 99.79% of the company’s stock.
Jack In The Box Price Performance
Jack In The Box (NASDAQ:JACK – Get Free Report) last released its earnings results on Wednesday, August 12th. The restaurant operator reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.08. The firm had revenue of $257.66 million during the quarter, compared to the consensus estimate of $264.70 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 was down 22.6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.02 EPS. Sell-side analysts anticipate that Jack In The Box will post 3.42 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on the company. The Goldman Sachs Group reduced their target price on Jack In The Box from $17.00 to $12.00 and set a “sell” rating for the company in a research note on Friday, May 15th. Mizuho set a $16.00 price target on Jack In The Box in a research note on Thursday. Royal Bank Of Canada cut their price target on Jack In The Box from $17.00 to $16.00 and set an “outperform” rating for the company in a report on Thursday, May 14th. Morgan Stanley reduced their price objective on shares of Jack In The Box from $19.00 to $15.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 21st. Finally, UBS Group reiterated a “neutral” rating and issued a $20.00 price objective on shares of Jack In The Box in a report on Thursday. Three research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Jack In The Box currently has a consensus rating of “Hold” and a consensus target price of $16.41.
Check Out Our Latest Stock Analysis on Jack In The Box
Jack In The Box Company Profile
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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