Jack in the Box Inc. (NASDAQ:JACK - Get Free Report) SVP Sarah L. Super sold 1,688 shares of the stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of $40.52, for a total value of $68,397.76. Following the transaction, the senior vice president now owns 16,815 shares of the company's stock, valued at approximately $681,343.80. This trade represents a 9.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of NASDAQ:JACK traded down $0.62 during trading hours on Monday, hitting $40.11. The stock had a trading volume of 595,516 shares, compared to its average volume of 524,744. The stock's fifty day simple moving average is $46.96 and its 200 day simple moving average is $49.05. The firm has a market capitalization of $755.31 million, a price-to-earnings ratio of -20.57, a PEG ratio of 1.59 and a beta of 1.92. Jack in the Box Inc. has a 1-year low of $38.12 and a 1-year high of $86.20.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Thursday, December 12th will be paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 4.39%. The ex-dividend date of this dividend is Thursday, December 12th. Jack in the Box's payout ratio is currently -90.26%.
Several institutional investors and hedge funds have recently modified their holdings of JACK. Barclays PLC lifted its holdings in Jack in the Box by 70.9% in the third quarter. Barclays PLC now owns 216,117 shares of the restaurant operator's stock worth $10,060,000 after purchasing an additional 89,649 shares during the period. MML Investors Services LLC raised its position in shares of Jack in the Box by 20.3% during the 3rd quarter. MML Investors Services LLC now owns 4,852 shares of the restaurant operator's stock worth $226,000 after buying an additional 819 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Jack in the Box in the 3rd quarter worth approximately $429,000. EP Wealth Advisors LLC bought a new position in shares of Jack in the Box in the third quarter valued at approximately $372,000. Finally, Stifel Financial Corp increased its stake in shares of Jack in the Box by 111.6% during the third quarter. Stifel Financial Corp now owns 81,691 shares of the restaurant operator's stock valued at $3,802,000 after acquiring an additional 43,086 shares during the period. Institutional investors own 99.79% of the company's stock.
Several equities research analysts have recently weighed in on JACK shares. Wedbush dropped their target price on shares of Jack in the Box from $60.00 to $50.00 and set an "outperform" rating for the company in a research report on Monday, November 18th. TD Cowen reissued a "hold" rating and issued a $50.00 price objective on shares of Jack in the Box in a report on Thursday, November 21st. StockNews.com raised Jack in the Box from a "sell" rating to a "hold" rating in a report on Friday. Deutsche Bank Aktiengesellschaft dropped their price target on Jack in the Box from $51.00 to $46.00 and set a "hold" rating on the stock in a research report on Thursday, November 21st. Finally, Guggenheim decreased their price objective on shares of Jack in the Box from $95.00 to $60.00 and set a "buy" rating for the company in a report on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $59.88.