Insider Buying: Jack In The Box (NASDAQ:JACK) Director Buys 5,962 Shares of Stock

Key Points

• Jack In The Box director Guillermo Diaz, Jr. bought 5,962 shares at an average price of $11.51, a transaction worth about $68,623. His stake increased by 40.48% to 20,692 shares.
• The stock was trading around $11.56, near its 50-day average of $11.75 and well below its 200-day average of $16.36. Jack In The Box also has a market cap of about $220.45 million.
• The company recently beat earnings expectations with EPS of $0.76 versus $0.74 expected, but revenue fell 24.5% year over year. Analysts currently rate the stock a Hold with a consensus target price of $15.84.

Jack In The Box Inc. (NASDAQ:JACK - Get Free Report) Director Guillermo Diaz, Jr. acquired 5,962 shares of Jack In The Box stock in a transaction dated Thursday, May 28th. The shares were acquired at an average price of $11.51 per share, with a total value of $68,622.62. Following the completion of the transaction, 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 document filed with the SEC, which is available through this link.

Jack In The Box Price Performance

Shares of NASDAQ JACK traded down $0.22 during midday trading on Thursday, hitting $11.56. 898,781 shares of the company's stock were exchanged, compared to its average volume of 775,711. The stock's 50 day moving average price is $11.75 and its 200-day moving average price is $16.36. The firm has a market cap of $220.45 million, a P/E ratio of 6.25, a PEG ratio of 0.59 and a beta of 1.45. Jack In The Box Inc. has a twelve month low of $8.91 and a twelve month high of $25.34.

Jack In The Box (NASDAQ:JACK - Get Free Report) last issued its quarterly earnings data on Wednesday, May 13th. The restaurant operator reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.02. The business had revenue of $254.26 million during the quarter, compared to the consensus estimate 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 business's revenue was down 24.5% on a year-over-year basis. During the same period in the previous year, the firm posted $1.20 earnings per share. On average, analysts expect that Jack In The Box Inc. will post 3.44 EPS for the current fiscal year.

Institutional Investors Weigh In On Jack In The Box

Institutional investors and hedge funds have recently modified their holdings of the stock. US Bancorp DE lifted its position in shares of Jack In The Box by 96.7% during the 3rd quarter. US Bancorp DE now owns 1,420 shares of the restaurant operator's stock valued at $28,000 after acquiring an additional 698 shares during the last quarter. Allworth Financial LP lifted its position in shares of Jack In The Box by 322.6% during the 4th quarter. Allworth Financial LP now owns 1,475 shares of the restaurant operator's stock valued at $28,000 after acquiring an additional 1,126 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Jack In The Box by 3,604.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,852 shares of the restaurant operator's stock valued at $35,000 after acquiring an additional 1,802 shares during the last quarter. Hantz Financial Services Inc. lifted its position in shares of Jack In The Box by 136.0% during the 3rd quarter. Hantz Financial Services Inc. now owns 2,318 shares of the restaurant operator's stock valued at $46,000 after acquiring an additional 1,336 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its position in shares of Jack In The Box by 882.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 3,144 shares of the restaurant operator's stock valued at $62,000 after acquiring an additional 2,824 shares during the last quarter. Institutional investors and hedge funds own 99.79% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on JACK. Deutsche Bank Aktiengesellschaft set a $15.00 target price on Jack In The Box in a research report on Thursday, May 14th. TD Cowen cut their target price on Jack In The Box from $16.00 to $12.00 and set a "hold" rating for the company in a research report on Tuesday, April 14th. Royal Bank Of Canada cut their target price on Jack In The Box from $17.00 to $16.00 and set an "outperform" rating for the company in a research report on Thursday, May 14th. Stifel Nicolaus upped their target price on Jack In The Box from $10.00 to $15.00 and gave the stock a "hold" rating in a research report on Thursday, May 14th. Finally, Jefferies Financial Group set a $12.50 target price on Jack In The Box in a research report on Thursday, May 14th. Three investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $15.84.

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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