Jack in the box exec chairman King sells $85,418 in shares

Mark James King, Executive Chairman and Interim CEO of JACK IN THE BOX INC. (NASDAQ:JACK), sold 7,013 shares of the company’s common stock on October 13, 2026. The transaction totaled $85,418, with shares sold at a price of $12.18 each. The stock currently trades at $12.37, down roughly 35% year-to-date, though InvestingPro analysis suggests the company appears undervalued at current levels based on its Fair Value assessment.

Following this disposition, Mr. King directly holds 169,265 shares of Jack in the Box common stock. The sale was made to satisfy tax withholding obligations that arose upon the vesting of restricted stock units, consistent with the company’s policy for an automatic sell-to-cover as outlined in the grant agreement. InvestingPro Tips highlight that the company operates with a significant debt burden of $2.48 billion, though analysts predict profitability this year. Investors seeking deeper insights can access the comprehensive Pro Research Report, available for Jack in the Box and 1,400+ other US equities.

In other recent news, Jack in the Box reported mixed fiscal third-quarter 2026 results. The company achieved operating earnings of $0.96 per share, surpassing Wall Street’s estimate of $0.90. However, revenue came in at $257.66 million, which was below the forecasted $264.7 million. In response to these results, Mizuho adjusted its price target for Jack in the Box, raising it to $16.00 from $13.00, while maintaining a Neutral rating. The firm noted mixed results and guidance, with a focus on improving franchisee profitability and simplifying operations.

Additionally, Gordon Haskett’s analysis of restaurant sector estimates revealed that Jack in the Box is among the companies with either stable or improved 2026 Street estimates following the second-quarter earnings. The company’s interim CEO is prioritizing franchisee profitability through enhanced quality and value, improved customer experience, and streamlined operations. These developments reflect the company’s strategic efforts amid mixed financial outcomes.