A Director at Jack In The Box (NASDAQ: JACK) is Selling SharesBy Carrie Williams
Following David Tehle’s last JACK Sell transaction on March 15, 2016, the stock climbed by 40.2%. This is Tehle’s first Sell trade following 10 Buy transactions.
Based on Jack In The Box’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $398 million and quarterly net profit of $31.98 million. In comparison, last year the company earned revenue of $354 million and had a net profit of $23.14 million. The company has a one year high of $109.40 and a one year low of $61.78. JACK’s market cap is $3.37B and the company has a P/E ratio of 28.98.
Based on 7 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $111.29, reflecting a -5.2% downside. Three different firms, including Goldman Sachs and Morgan Stanley, currently also have a Sell rating on the stock.
The insider sentiment on Jack In The Box has been neutral according to 45 insider trades in the past three months. This sentiment is higher than the average sentiment of company insiders in this sector.
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Jack in the Box, Inc. operates and franchises a chain of quick-service and fast-casual restaurants. It operates through the Jack in the Box and Qdoba Mexican Grill segments. The Jack in the Box segment operates quick-service restaurants that offer a selection of products targeted at the adult fast-food consumer, including hamburgers, tacos, specialty sandwiches, drinks, real ice cream shakes, salads, and side items. The Qdoba Mexican Grill segment operates fast-casual restaurants that feature custom orders as well as a variety of catering options. The company was founded by Robert Oscar Peterson in 1951 and is headquartered in San Diego, CA.