Richard D. Cook, Senior Vice President and Chief Technology Officer at Jack in the Box Inc. (NASDAQ:JACK), recently executed a series of stock transactions involving the company's common stock. According to a recent SEC filing, Cook sold 374 shares on December 4, 2024, at an average price of $48.9299 per share, totaling approximately $18,299. This sale was conducted to satisfy tax withholding obligations upon the vesting of restricted stock units, as stated in the company's policy. The transaction occurs as JACK shares have experienced significant volatility, with the stock down 38% year-to-date and currently trading at $49.42.
Earlier on December 2, 2024, Cook acquired 5,253 shares through restricted stock units with no immediate cash outlay, as these were awarded as part of his compensation package. Following these transactions, Cook holds a total of 14,676 shares directly. The company, currently valued at $931 million, maintains a 3.56% dividend yield and appears slightly undervalued according to InvestingPro analysis, which offers additional insights through its comprehensive Pro Research Report covering 1,400+ US stocks.
In other recent news, Jack in the Box exceeded earnings estimates for the fourth quarter of fiscal year 2024 with $1.16 per share, although revenue fell short at $349.3 million. TD Cowen maintained its hold rating on the company's shares and revised its earnings per share projections downward for 2025 and 2026. Meanwhile, RBC Capital Markets reduced its price target for Jack In The Box from $70.00 to $65.00, maintaining an Outperform rating, while Goldman Sachs reduced its price target to $43.00 from $47.00, keeping a Sell rating.
The company's management has been making significant strides in digital expansion, new market penetration, and restaurant development, with over 14% of the company's sales being digital and agreements signed for 464 new restaurants. However, the company projects an operating EPS between $5.05 and $5.45 for fiscal 2025, reflecting ongoing challenges in same-store sales growth and increased expenses due to new store openings.
Despite facing a challenging economic environment, Jack In The Box is committed to its growth strategy and digital transformation efforts, aiming to overcome current challenges and position itself for future success. The company's proactive approach to expanding its digital footprint and entering new markets, coupled with a focus on operational improvements, suggests a roadmap aimed at driving shareholder value in the years ahead.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.