Ryan Lee Ostrom, Executive Vice President and Chief Customer and Digital Officer of Jack in the Box Inc. (NASDAQ: ), recently sold a portion of his holdings in the company. According to a filing with the Securities and Exchange Commission, Ostrom sold a total of 2,459 shares on December 23, 2024, at a price of $40.52 per share, for a total of $99,638. The transaction comes as the stock trades near a 52-week low of $38.12, down about 50% over the past year. InvestingPro The analysis shows that the stock is currently trading below its Fair Value.

The shares were sold to cover the tax obligations associated with the vesting of performance shares and restricted stock units. Following these transactions, Ostrom retains direct ownership of 29,648 shares of the company. Earlier, on December 20, he received 4,363 shares without payment, related to the achievement of performance goals over a three-year period. Despite recent challenges, the company maintains an impressive 4.39% dividend yield and has continued to pay dividends for 11 consecutive years. For deeper insights into insider transactions and comprehensive financial analysis, including 12 additional ProTips, view the full research report at InvestingPro.

In other recent news, Jack in the Box, the fast-food restaurant chain, has been the subject of several changes to financial services companies. Stifel revised Jack in the Box’s 12-month price target to $52.00, reflecting expected increases in Selling, General, and Administrative (SG&A) expenses and pressure on restaurant margins. The company also revised its earnings per share (EPS) estimate for fiscal year 2025 to $5.36, slightly below the consensus estimate of $5.37.

Similarly, TD Cowen maintained a Hold rating on Jack in the Box shares with a steady price target of $50.00, while RBC Capital Markets lowered its price target from $70.00 to $65.00, maintaining an Outperform rating. . Both companies highlighted potential challenges ahead, including competitive pressure from rivals such as McDonald’s (NYSE: ) and the impact of rising wages in California.

Goldman Sachs also revised its outlook, lowered its price target to $43.00 from $47.00 and maintained a Sell rating. The company noted the need for more definitive indicators of unit growth and same-store growth growth before revising its stance.

These changes come after Jack in the Box’s recent earnings reports and projections for fiscal 2025, which reflect ongoing challenges with same-store growth and rising costs due to new store openings. Despite these challenges, the company has made significant strides in digital expansion, new market entry, and restaurant development, signing agreements for 464 new restaurants.

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