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SAN DIEGO—Ryan Lee Ostrom, Executive Vice President and Chief Customer and Digital Officer at Jack in the Box Inc. (NASDAQ:JACK), recently sold a portion of his holdings in the company. According to a filing with the Securities and Exchange Commission, Ostrom sold 328 shares of Jack in the Box common stock on February 20, 2025, at a price of $39.16 per share. The transaction totaled approximately $12,844. The sale comes as the stock trades near $39.29, down about 45% over the past year, according to InvestingPro data.
Following the sale, Ostrom retains ownership of 29,320 shares in the company. The shares were sold to satisfy a tax withholding obligation upon the vesting of restricted stock units, as per the company’s policy for an automatic sell-to-cover, which is detailed in the grant agreement. Investors should note that Jack in the Box maintains a 4.5% dividend yield and is scheduled to report earnings on February 25, 2025.
Jack in the Box, headquartered in San Diego, is a well-known player in the fast-food industry, operating under the retail-eating places classification. With a market capitalization of $740 million, InvestingPro analysis indicates the stock is currently undervalued, with multiple additional insights available through their comprehensive Pro Research Report covering 1,400+ top stocks.
In other recent news, Jack in the Box has seen several adjustments to its financial outlook from major analyst firms. RBC Capital Markets lowered its price target for the company from $70 to $65 while maintaining an Outperform rating, following a fourth-quarter earnings report that fell short of expectations. Despite this, RBC noted some positive aspects, such as strong performance in new markets and stable franchisee profitability, which may support future growth. Stifel also revised its price target for Jack in the Box, reducing it from $55 to $52, citing increased SG&A expenses and pressure on restaurant margins. Additionally, TD Cowen maintained a Hold rating with a steady price target of $50, while lowering its earnings per share estimates for 2025 and 2026 due to competitive pressures from major players like McDonald’s (NYSE:MCD).
Meanwhile, Citi cut its price target to $47 from $53, maintaining a Neutral rating and expressing concerns about the company’s growth strategy and industry challenges. The analysts at Citi highlighted skepticism among investors regarding Jack in the Box’s unit growth strategy and the potential impact of rising beef prices and immigration issues. In other company news, Del Taco, a subsidiary of Jack in the Box, announced a 10-unit franchise agreement to expand into Indiana, marking its 12th new market entry in three years. This expansion is part of Del Taco’s broader growth strategy, aiming to increase its presence in the Midwest and other regions across the country.
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