10 Small–Cap Stocks Insiders Are Selling Recently

6. Jack in the Box Inc. (NASDAQ:JACK)

Number of insiders selling: 7

Market capitalization: $802.871M

Jack in the Box is a popular quick-service restaurant chain in the US, known for its diverse menu and strong national presence. The San Diego, California-headquartered company operates franchises Jack in the Box and Del Taco quick-service restaurants. It was founded back in 1951.

In December, seven insiders sold a total of approximately $932,125 worth of Jack in the Box shares, at an average price of $40.73 per share. Out of the total amount, the company’s CEO, S Darin Harris, sold 14,671 shares worth around $594,468 reducing his ownership to 138,803 shares.

As per 17 analysts’ average rating, Jack in the Box is “Buy.” The data from StockAnalysis also revealed that analysts have an average 12-month price target of $54.5, representing an increase of 36.59% from the latest price.

Since the beginning of the year, Jack in the Box shares declined 4.18%, with the stock currently trading at $39.90 per share. Over the past five years, the shares also declined 54.82%.

A bull-case theory for Jack in the Box suggests that despite a challenging 2024, analysts believe the company will have steady earnings per share growth of around 9% annually through 2029, even when taking near-term challenges into account. The company’s stock has historically traded at an average price-to-earnings (P/E) multiple of around 17x, and applying this multiple to revised earnings estimates suggests a target price of $123 by 2029, a significant upside from the current stock price of $39.90.