Tony J. Darden Sells 247 Shares of Jack in the Box Inc. (NASDAQ:JACK) Stock

Jack in the Box Inc. (NASDAQ:JACK) COO Tony J. Darden sold 247 shares of Jack in the Box stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $48.93, for a total transaction of $12,085.71. Following the completion of the sale, the chief operating officer now directly owns 8,052 shares of the company’s stock, valued at $393,984.36. The trade was a 2.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Jack in the Box Price Performance

NASDAQ JACK opened at $48.19 on Friday. The company’s fifty day moving average price is $46.97 and its two-hundred day moving average price is $49.87. The company has a market capitalization of $907.47 million, a price-to-earnings ratio of -24.71, a price-to-earnings-growth ratio of 1.62 and a beta of 1.92. Jack in the Box Inc. has a 12 month low of $40.84 and a 12 month high of $86.20.

Jack in the Box Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Thursday, December 12th will be issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 3.65%. The ex-dividend date of this dividend is Thursday, December 12th. Jack in the Box’s dividend payout ratio is currently -90.26%.

Analyst Ratings Changes

Several equities analysts recently commented on JACK shares. Bank of America upped their target price on Jack in the Box from $72.00 to $73.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Royal Bank of Canada dropped their price objective on shares of Jack in the Box from $70.00 to $65.00 and set an “outperform” rating for the company in a research note on Thursday, November 21st. TD Cowen reissued a “hold” rating and issued a $50.00 target price on shares of Jack in the Box in a research report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Jack in the Box from $51.00 to $46.00 and set a “hold” rating for the company in a report on Thursday, November 21st. Finally, Loop Capital decreased their price target on shares of Jack in the Box from $87.00 to $70.00 and set a “buy” rating on the stock in a report on Monday, October 14th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Jack in the Box has a consensus rating of “Hold” and an average target price of $60.38.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company raised its position in shares of Jack in the Box by 3.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 9,733 shares of the restaurant operator’s stock valued at $496,000 after acquiring an additional 358 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Jack in the Box by 11.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,997 shares of the restaurant operator’s stock valued at $255,000 after purchasing an additional 503 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in Jack in the Box by 4.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 15,914 shares of the restaurant operator’s stock worth $1,090,000 after acquiring an additional 644 shares during the period. MML Investors Services LLC lifted its holdings in shares of Jack in the Box by 20.3% in the 3rd quarter. MML Investors Services LLC now owns 4,852 shares of the restaurant operator’s stock worth $226,000 after purchasing an additional 819 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new stake in Jack in the Box in the third quarter valued at $41,000. Institutional investors own 99.79% of the company’s stock.

About Jack in the Box

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.