Jack in the Box Inc. (NASDAQ:JACK) shares gapped up prior to trading on Thursday after the company announced a dividend. The stock had previously closed at $103.61, but opened at $107.67. Jack in the Box shares last traded at $104.17, with a volume of 1,050,906 shares traded.
The newly announced dividend which will be paid on Monday, June 12th. Shareholders of record on Tuesday, May 30th will be paid a dividend of $0.40 per share. The ex-dividend date is Thursday, May 25th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.54%. Jack in the Box’s payout ratio is currently 43.96%.
A number of equities analysts have weighed in on JACK shares. Zacks Investment Research lowered Jack in the Box from a “hold” rating to a “sell” rating in a research note on Thursday, March 23rd. Robert W. Baird reiterated an “outperform” rating and set a $125.00 price objective on shares of Jack in the Box in a research note on Saturday, March 11th. SunTrust Banks, Inc. upgraded Jack in the Box from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $102.00 to $122.00 in a research note on Friday, February 10th. Citigroup Inc reiterated an “outperform” rating on shares of Jack in the Box in a research note on Tuesday, March 7th. They noted that the move was a valuation call. Finally, Wells Fargo & Co reiterated a “market perform” rating on shares of Jack in the Box in a research note on Thursday, February 23rd. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $111.65.
The firm’s 50-day moving average is $102.01 and its 200 day moving average is $103.84. The firm has a market capitalization of $3.06 billion, a PE ratio of 25.72 and a beta of 0.55.
Jack in the Box (NASDAQ:JACK) last announced its quarterly earnings data on Tuesday, May 16th. The restaurant operator reported $0.98 EPS for the quarter, beating the Zacks’ consensus estimate of $0.91 by $0.07. The firm had revenue of $369.40 million during the quarter, compared to the consensus estimate of $369.36 million. Jack in the Box had a net margin of 7.76% and a negative return on equity of 83.17%. The firm’s revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.85 earnings per share. Equities research analysts forecast that Jack in the Box Inc. will post $4.21 earnings per share for the current year.
In other Jack in the Box news, VP Vanessa C. Fox sold 1,780 shares of the stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $94.63, for a total value of $168,441.40. Following the completion of the transaction, the vice president now directly owns 2,009 shares of the company’s stock, valued at $190,111.67. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director David Goebel sold 1,538 shares of the stock in a transaction dated Wednesday, March 15th. The shares were sold at an average price of $97.69, for a total transaction of $150,247.22. Following the completion of the transaction, the director now directly owns 21,748 shares of the company’s stock, valued at $2,124,562.12. The disclosure for this sale can be found here. 2.10% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Ancora Advisors LLC bought a new position in shares of Jack in the Box during the fourth quarter worth about $100,000. FNY Managed Accounts LLC bought a new position in shares of Jack in the Box during the first quarter worth about $108,000. Glen Harbor Capital Management LLC boosted its position in shares of Jack in the Box by 1.4% in the first quarter. Glen Harbor Capital Management LLC now owns 1,152 shares of the restaurant operator’s stock worth $117,000 after buying an additional 16 shares during the period. Tyers Asset Management LLC bought a new position in shares of Jack in the Box during the fourth quarter worth about $174,000. Finally, Flinton Capital Management LLC bought a new position in shares of Jack in the Box during the fourth quarter worth about $222,000. 98.13% of the stock is owned by institutional investors.
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Jack in the Box Company Profile
Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants (QSRs) and Qdoba Mexican Eats (Qdoba) fast-casual restaurants. The Company operates in two segments: Jack in the Box and Qdoba restaurant operations. Qdoba is a fast-casual Mexican food brand in the United States, offering food items including burritos, tacos, salads, and quesadillas.
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