Jack in the Box Inc. (NASDAQ:JACK) SVP Timothy T. Linderman Sells 255 Shares

Jack in the Box Inc. (NASDAQ:JACK) SVP Timothy T. Linderman sold 255 shares of Jack in the Box stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $48.93, for a total value of $12,477.15. Following the transaction, the senior vice president now owns 13,694 shares in the company, valued at $670,047.42. This trade represents a 1.83 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Jack in the Box Price Performance

Shares of NASDAQ:JACK opened at $49.42 on Thursday. Jack in the Box Inc. has a 52-week low of $40.84 and a 52-week high of $86.20. The business’s 50 day moving average is $46.85 and its 200 day moving average is $49.88.

Jack in the Box Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Thursday, December 12th will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $1.76 annualized dividend and a yield of 3.56%. Jack in the Box’s dividend payout ratio (DPR) is presently -90.26%.

Institutional Trading of Jack in the Box

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC boosted its position in Jack in the Box by 13.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 712,416 shares of the restaurant operator’s stock valued at $33,156,000 after acquiring an additional 85,461 shares in the last quarter. Victory Capital Management Inc. boosted its position in Jack in the Box by 261.5% during the 2nd quarter. Victory Capital Management Inc. now owns 557,667 shares of the restaurant operator’s stock valued at $28,408,000 after acquiring an additional 403,423 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Jack in the Box by 2.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 388,510 shares of the restaurant operator’s stock valued at $18,081,000 after acquiring an additional 8,038 shares in the last quarter. Clearline Capital LP boosted its position in Jack in the Box by 4.1% during the 3rd quarter. Clearline Capital LP now owns 260,730 shares of the restaurant operator’s stock valued at $12,134,000 after acquiring an additional 10,304 shares in the last quarter. Finally, Invenomic Capital Management LP purchased a new stake in shares of Jack in the Box during the 3rd quarter valued at $11,802,000. Institutional investors own 99.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Barclays raised their price target on Jack in the Box from $46.00 to $50.00 and gave the company an “equal weight” rating in a report on Thursday, November 21st. Truist Financial decreased their price target on Jack in the Box from $70.00 to $57.00 and set a “buy” rating on the stock in a report on Friday, November 22nd. The Goldman Sachs Group decreased their price target on Jack in the Box from $55.00 to $47.00 and set a “sell” rating on the stock in a report on Monday, October 21st. Bank of America raised their price target on Jack in the Box from $72.00 to $73.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Finally, TD Cowen reaffirmed a “hold” rating and issued a $50.00 target price on shares of Jack in the Box in a report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $60.38.

Jack in the Box Company Profile

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.