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NASDAQ:JACK in the Box's new buyback lasts until Nov. 2017, and is good for repurchasing over 7% of shares at current levels.
- The hamburger chain spent $317.1M to buy back 3.7M shares in FY15 (ended in September) at an average price of $84.71. CEO Lenny Comma: "The additional authorization coupled with the 50 percent increase in our dividend announced in May underscores the confidence both the management team and our Board of Directors have in our business model and growth plans. The amendment to our credit facility that was announced in July also provides us with more than $400 million of additional borrowing capacity to support our strategic priorities and comfortably maintain leverage within a 2 to 3 times range."
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JACK +1.3% after hours to $76.00.