Richard Cook Sells 1,787 Shares of Jack In The Box (NASDAQ:JACK) Stock

Richard Cook, SVP of Jack In The Box, sold 1,787 shares at $19.08 each, totaling $34,095.96. Post-sale, he owns 27,193 shares, a 6.17% decrease. The sale was disclosed to the SEC. JACK stock rose 2.3% to $19.87. The company reported quarterly earnings below expectations, with a negative return on equity and net margin. Institutional investors adjusted their stakes, and analysts issued mixed ratings.

Jack In The Box Inc. (NASDAQ:JACK - Get Free Report) SVP Richard Cook sold 1,787 shares of the business's stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $19.08, for a total transaction of $34,095.96. Following the transaction, the senior vice president owned 27,193 shares of the company's stock, valued at $518,842.44. This trade represents a 6.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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Jack In The Box Trading Up 2.3%

Jack in the Box Bottoms and the Rebound is on

Shares of JACK stock traded up $0.44 on Wednesday, reaching $19.87. 616,551 shares of the stock were exchanged, compared to its average volume of 1,051,857. The company has a market capitalization of $375.54 million, a price-to-earnings ratio of -4.65, a PEG ratio of 0.97 and a beta of 1.13. The business's 50 day moving average price is $17.66 and its 200 day moving average price is $18.94. Jack In The Box Inc. has a twelve month low of $13.99 and a twelve month high of $50.45.

Jack In The Box (NASDAQ:JACK - Get Free Report) last announced its quarterly earnings results on Wednesday, November 19th. The restaurant operator reported $0.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.46 by ($0.16). Jack In The Box had a negative return on equity of 9.23% and a negative net margin of 5.51%.The business had revenue of $326.19 million for the quarter, compared to analysts' expectations of $324.23 million. During the same period last year, the firm earned $1.16 earnings per share. The firm's quarterly revenue was down 6.6% on a year-over-year basis. Equities research analysts forecast that Jack In The Box Inc. will post 5.33 earnings per share for the current year.

Hedge Funds Weigh In On Jack In The Box

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Several institutional investors have recently added to or reduced their stakes in the stock. XTX Topco Ltd lifted its position in Jack In The Box by 22.5% during the 3rd quarter. XTX Topco Ltd now owns 54,162 shares of the restaurant operator's stock worth $1,071,000 after acquiring an additional 9,933 shares during the period. Millennium Management LLC lifted its holdings in shares of Jack In The Box by 535.1% during the third quarter. Millennium Management LLC now owns 152,138 shares of the restaurant operator's stock worth $3,008,000 after purchasing an additional 128,182 shares during the period. Earnest Partners LLC grew its position in Jack In The Box by 5.9% in the 3rd quarter. Earnest Partners LLC now owns 312,842 shares of the restaurant operator's stock valued at $6,185,000 after buying an additional 17,300 shares during the last quarter. Brevan Howard Capital Management LP increased its stake in Jack In The Box by 38.8% in the 3rd quarter. Brevan Howard Capital Management LP now owns 45,557 shares of the restaurant operator's stock valued at $901,000 after buying an additional 12,731 shares during the period. Finally, Ameriprise Financial Inc. raised its position in Jack In The Box by 519.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 241,444 shares of the restaurant operator's stock worth $4,773,000 after buying an additional 202,469 shares during the last quarter. Institutional investors and hedge funds own 99.79% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Royal Bank Of Canada lowered their target price on shares of Jack In The Box from $22.00 to $16.00 and set an "outperform" rating for the company in a report on Thursday, November 20th. Cowen set a $16.00 price objective on shares of Jack In The Box in a research note on Thursday, November 20th. Mizuho upgraded Jack In The Box to a "hold" rating in a research report on Tuesday, October 28th. Northcoast Research raised Jack In The Box from a "sell" rating to a "neutral" rating in a research report on Friday, November 21st. Finally, Zacks Research lowered Jack In The Box from a "hold" rating to a "strong sell" rating in a research report on Friday, November 21st. Five equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $23.90.

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Jack In The Box Company Profile

(Get Free Report)

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.

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