Jack in the box SVP sells shares worth $26,864

SAN DIEGO—Sarah L. Super, Senior Vice President and Chief Legal and Risk Officer at Jack in the Box Inc. (NASDAQ:JACK), reported transactions involving the company's common stock, according to a recent SEC filing. The transactions come as the stock trades at $49.42, down 38% year-to-date, though InvestingPro analysis suggests the stock is currently undervalued.

On December 2nd, Super acquired 5,253 shares of Jack in the Box stock. These shares were acquired at no cost as part of restricted stock units that vest over three years. Following this acquisition, her total direct ownership increased to 16,142 shares.

On December 4th, Super sold a total of 549 shares in two separate transactions. The shares were sold at prices ranging from $48.93 to $48.934 per share, generating a total value of $26,864. These transactions were made to cover tax obligations upon the vesting of restricted stock units, as per the company's policy. After these sales, Super's direct ownership stands at 15,593 shares.

These transactions reflect part of the routine management of stock-based compensation for executives at Jack in the Box.

In other recent news, Jack in the Box exceeded earnings estimates for Q4 of fiscal year 2024, reporting earnings of $1.16 per share, although revenue fell short at $349.3 million. This was attributed to weaker same-store sales growth at both Jack In The Box and Del Taco brands. TD Cowen maintained its Hold rating on the company's shares, citing potential challenges ahead, while RBC Capital Markets reduced its price target from $70.00 to $65.00, maintaining an Outperform rating.

Goldman Sachs, however, reduced its price target to $43.00 from $47.00, maintaining a Sell rating, requiring more definitive signs of unit growth and same-store sales growth improvement before changing its stance. The company's digital expansion, new market penetration, and restaurant development were highlighted, with over 14% of the company's sales being digital and agreements signed for 464 new restaurants.

For fiscal 2025, Jack in the Box projects an operating EPS between $5.05 and $5.45, reflecting ongoing challenges in same-store sales growth and increased expenses due to new store openings. These are recent developments that provide a snapshot of the company's performance and analyst perspectives.

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