Jack In The Box (NASDAQ:JACK) SVP Sells $13,818.20 in Stock

Key Points

• SVP Carl Mount sold 1,142 shares on May 4 at an average price of $12.10 for $13,818.20 to cover tax withholding from vesting equity awards, leaving him with 40,730 shares (a 2.73% ownership decrease).
• Earnings miss: Jack In The Box reported $1.00 EPS vs. a $1.10 consensus and revenue down 5.8% year-over-year, with negative net margin and ROE; the stock traded at $12.84 (50-day MA $12.76, 200-day MA $16.96) and has a 12-month range of $8.91–$29.40.
• Institutional ownership is very high at 99.79%, with several funds increasing positions recently, while analysts are mixed and the consensus rating is "Hold" with an average target of $21.18.

Jack In The Box Inc. (NASDAQ:JACK - Get Free Report) SVP Carl Mount sold 1,142 shares of the company's stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $12.10, for a total value of $13,818.20. Following the transaction, the senior vice president directly owned 40,730 shares of the company's stock, valued at $492,833. This represents a 2.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Jack In The Box Stock Performance

JACK traded up $0.79 on Tuesday, hitting $12.84. 850,037 shares of the company were exchanged, compared to its average volume of 736,885. Jack In The Box Inc. has a 12 month low of $8.91 and a 12 month high of $29.40. The company has a market cap of $244.42 million, a PE ratio of -2.09, a PEG ratio of 0.69 and a beta of 1.45. The stock's fifty day moving average is $12.76 and its 200-day moving average is $16.96.

Jack In The Box (NASDAQ:JACK - Get Free Report) last released its earnings results on Wednesday, February 18th. The restaurant operator reported $1.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.10 by ($0.10). Jack In The Box had a negative return on equity of 7.12% and a negative net margin of 8.69%.The company had revenue of $349.52 million for the quarter, compared to the consensus estimate of $355.73 million. During the same quarter in the previous year, the company posted $1.86 EPS. The business's revenue was down 5.8% on a year-over-year basis. As a group, equities research analysts expect that Jack In The Box Inc. will post 3.36 EPS for the current fiscal year.

Institutional Trading of Jack In The Box

A number of hedge funds have recently made changes to their positions in the business. Manning & Napier Advisors LLC lifted its position in shares of 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 valued at $3,639,000 after buying an additional 1,677 shares during the last quarter. Invesco Ltd. lifted its position in shares of Jack In The Box by 36.2% in the fourth quarter. Invesco Ltd. now owns 144,495 shares of the restaurant operator's stock valued at $2,738,000 after buying an additional 38,408 shares during the last quarter. Susquehanna Portfolio Strategies LLC lifted its position in shares of Jack In The Box by 19.4% in the fourth quarter. Susquehanna Portfolio Strategies LLC now owns 107,267 shares of the restaurant operator's stock valued at $2,033,000 after buying an additional 17,411 shares during the last quarter. Readystate Asset Management LP acquired a new stake in shares of Jack In The Box in the fourth quarter valued at approximately $4,268,000. Finally, Inspire Investing LLC acquired a new stake in shares of Jack In The Box in the fourth quarter valued at approximately $100,000. 99.79% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Truist Financial upped their target price on Jack In The Box from $16.00 to $18.00 and gave the stock a "hold" rating in a report on Thursday, January 8th. Sanford C. Bernstein set a $23.00 target price on Jack In The Box in a report on Thursday, February 19th. The Goldman Sachs Group upped their target price on Jack In The Box from $15.00 to $17.00 and gave the stock a "sell" rating in a report on Wednesday, January 28th. Weiss Ratings reiterated a "sell (e+)" rating on shares of Jack In The Box in a report on Tuesday, April 21st. Finally, Royal Bank Of Canada dropped their target price on Jack In The Box from $25.00 to $17.00 and set an "outperform" rating on the stock in a report on Friday. Four research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $21.18.

About Jack In The Box

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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