Rating Change: New York: Jack In The Box (NASDAQ:JACK)’s Stock Had Its “Equal Weight” Rating Restated at Barclays in Report Issued Today. Has $98 Target

November 23, 2016 - By Adrian Mccoy

Rating Change: New York: Jack In The Box (NASDAQ:JACK)'s Stock Had Its

Jack In The Box (NASDAQ:JACK) Rating

Research analysts at Barclays have $98 target on Jack In The Box (NASDAQ:JACK). Barclays’s target would suggest a potential downside of -9.11% from the company’s close price. The rating was released in a research note on Tuesday, 22 November.

Jack in the Box Inc. (NASDAQ:JACK) Ratings Coverage

Out of 14 analysts covering Jack In The Box Inc. (NASDAQ:JACK), 8 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 57% are positive. $115 is the highest target while $70 is the lowest. The $93.20 average target is -13.56% below today’s ($107.82) stock price. Jack In The Box Inc. has been the topic of 26 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The stock has “Outperform” rating given by Wedbush on Friday, August 5. The stock has “Neutral” rating given by UBS on Friday, June 3. The rating was maintained by Barclays Capital on Friday, February 19 with “Equal-Weight”. On Thursday, May 26 the stock rating was maintained by Barclays Capital with “Equal-Weight”. The rating was upgraded by Robert W. Baird to “Outperform” on Thursday, May 26. The firm has “Outperform” rating by Wedbush given on Friday, February 19. The stock of Jack in the Box Inc. (NASDAQ:JACK) earned “Equal Weight” rating by Barclays Capital on Tuesday, November 22. The rating was initiated by SunTrust with “Neutral” on Wednesday, January 6. On Thursday, May 26 the stock rating was maintained by Cowen & Co with “Outperform”. The firm earned “Buy” rating on Thursday, November 19 by Jefferies.

The stock increased 6.07% or $6.17 during the last trading session, hitting $107.82. Jack in the Box Inc. (NASDAQ:JACK) has risen 58.84% since April 21, 2016 and is uptrending. It has outperformed by 53.51% the S&P500.

Insitutional Activity: The institutional sentiment increased to 0.92 in 2016 Q2. Its up 0.14, from 0.78 in 2016Q1. The ratio is positive, as 34 funds sold all Jack in the Box Inc. shares owned while 105 reduced positions. 50 funds bought stakes while 59 increased positions. They now own 31.72 million shares or 0.07% less from 31.74 million shares in 2016Q1.

Jacobs Levy Equity Mngmt accumulated 8,980 shares or 0.02% of the stock. Legg Mason Asset Mgmt (Japan) Ltd has invested 0.52% of its portfolio in Jack in the Box Inc. (NASDAQ:JACK). Geode Limited owns 228,744 shares or 0.01% of their US portfolio. Next Fincl Gru has 25 shares for 0% of their US portfolio. The Nebraska-based Ameritas Investment Prtnrs Incorporated has invested 0.04% in Jack in the Box Inc. (NASDAQ:JACK). Nordea Investment Mgmt Ab has invested 0% of its portfolio in Jack in the Box Inc. (NASDAQ:JACK). The Connecticut-based Trexquant Inv Lp has invested 0.37% in Jack in the Box Inc. (NASDAQ:JACK). Westfield Mgmt Co Lp holds 402,993 shares or 0.29% of its portfolio. The New York-based Rafferty Asset Management Ltd has invested 0.04% in Jack in the Box Inc. (NASDAQ:JACK). Axa, a France-based fund reported 28,800 shares. Eagle Asset Mgmt has 655,089 shares for 0.39% of their US portfolio. Brant Point Management Ltd Liability holds 127,470 shares or 1.03% of its portfolio. Maverick Capital has 666,861 shares for 0.78% of their US portfolio. Comerica Natl Bank holds 0.06% or 70,403 shares in its portfolio. Weaver C Barksdale Assocs last reported 0.01% of its portfolio in the stock.

Insider Transactions: Since May 26, 2016, the stock had 0 buys, and 9 selling transactions for $12.44 million net activity. $49,836 worth of Jack in the Box Inc. (NASDAQ:JACK) was sold by Allen Frances L. on Friday, November 4. $200,000 worth of Jack in the Box Inc. (NASDAQ:JACK) shares were sold by DIRAIMO CAROL A. 962 shares were sold by PEPPER RAYMOND, worth $82,701 on Friday, June 3. Shares for $833,488 were sold by RUDOLPH PHILLIP H on Wednesday, September 14. Shares for $353,344 were sold by MELANCON PAUL D. GUILBAULT KEITH M had sold 1,925 shares worth $185,934 on Monday, August 8. $4.19M worth of Jack in the Box Inc. (NASDAQ:JACK) shares were sold by REBEL JERRY P.

Jack in the Box Inc. is a restaurant company. The company has a market cap of $3.52 billion. The Firm operates and franchises approximately 2,910 Jack in the Box quick-service restaurants and Qdoba Mexican Eats fast-casual restaurants (Qdoba). It has a 32.01 P/E ratio. The Company’s divisions are Jack in the Box and Qdoba Restaurant operations.

According to Zacks Investment Research, “Jack in the Box is a quick-service hamburger restaurant chain. Jack in the Box restaurants offer a broad selection of distinctive, innovative products targeted at the adult fast-food consumer. The Jack in the Box menu features a variety of hamburgers, specialty sandwiches, salads, Mexican food, finger foods and side items. The core of the Jack in the Box menu is its hamburger products, including its signature hamburgers, the Jumbo Jack, Ultimate Cheeseburger and Sourdough Jack.”

JACK Company Profile

Jack in the Box Inc., incorporated on May 27, 1999, is a restaurant company. The Firm operates and franchises approximately 2,910 Jack in the Box quick-service restaurants (QSR) and Qdoba Mexican Eats fast-casual restaurants (Qdoba). The Company’s divisions are Jack in the Box and Qdoba Restaurant operations. The Firm operates and franchises approximately 2,250 Jack in the Box restaurants, primarily in the western and southern United States, including one in Guam, approximately 660 Qdoba restaurants across the United States, and approximately four in Canada.

More recent Jack in the Box Inc. (NASDAQ:JACK) news were published by: Nasdaq.com which released: “Earnings Reaction History: Jack in the Box Inc., 85.7% Follow-Through …” on November 21, 2016. Also Zacks.com published the news titled: “Will Jack in the Box (JACK) Q4 Earnings Spring a Surprise?” on November 18, 2016. Streetinsider.com‘s news article titled: “Form 4 JACK IN THE BOX INC /NEW For: Nov 22 Filed by: DIRAIMO CAROL A” with publication date: November 23, 2016 was also an interesting one.

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