Jack in the box exec chairman King sells $76,583 in stock

Mark James King, the Executive Chairman and Interim CEO of JACK IN THE BOX INC (NASDAQ:JACK), made a share sale totaling $76,583 on September 22, 2026. The transaction involved the sale of 5,627 shares at a price of $13.61 each. The primary reason for this sale was to meet tax withholding obligations due to the vesting of restricted stock units, as per the company’s automatic sell-to-cover policy stipulated in the grant agreement.

Post this transaction, Mr. King holds 176,278 shares of JACK IN THE BOX INC common stock directly. The stock is currently trading at $13.40, marking a decline of approximately 29% year-to-date, although InvestingPro analysis indicates the company may be undervalued relative to its Fair Value. Despite not being profitable over the last twelve months, analysts forecast a return to profitability this year.

For those seeking more detailed analysis, the Pro Research Report on JACK and 1,400+ other US equities is available on InvestingPro. Jack in the Box reported its fiscal third-quarter 2026 results, with operating earnings of $0.96 per share beating the estimated $0.90, but revenue of $257.66 million falling short of the forecasted $264.7 million.

Mizuho increased its price target for the company to $16.00 from $13.00, retaining a Neutral rating due to mixed third-quarter results and lowered expectations for fiscal 2027, citing limited same-store sales growth and margin visibility. Interim CEO King is concentrating on enhancing franchisee profitability through improved quality, value, and customer experience, as well as streamlining operations.

Gordon Haskett’s analysis of the restaurant sector suggests upward revisions in calendar 2026 estimates for Jack in the Box. These ongoing developments underscore the company's strategic efforts to overcome challenges and seize opportunities. This report was AI-assisted and reviewed by an editor, with further details available in the Terms and Conditions.