November 25, 2016 - By Marguerite Chambers
Jack In The Box (NASDAQ:JACK) had its stock rating noted as Buy by analysts at Jefferies. Jefferies currently has a $121 price target on the $3.48 billion market cap company or 12.39% upside potential. This was revealed to investors in an analyst report on 25 November.
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 -13.43% below today’s ($107.66) stock price. Jack In The Box Inc. has been the topic of 26 analyst reports since August 6, 2015 according to StockzIntelligence Inc. Telsey Advisory Group initiated the shares of JACK in a report on Tuesday, September 29 with “Outperform” rating. Robert W. Baird upgraded the shares of JACK in a report on Thursday, May 26 to “Outperform” rating. The firm has “Buy” rating given on Wednesday, August 5 by Wunderlich. The firm has “Sell” rating by Goldman Sachs given on Monday, October 24. The stock has “Outperform” rating given by Oppenheimer on Thursday, August 6. The firm has “Equal Weight” rating given on Tuesday, November 22 by Barclays Capital. The firm has “Outperform” rating by Cowen & Co given on Thursday, May 26. The firm has “Outperform” rating by Oppenheimer given on Friday, February 12. The rating was maintained by Wedbush with “Outperform” on Friday, February 19. Morgan Stanley upgraded the shares of JACK in a report on Friday, April 8 to “Overweight” rating.
About 38,242 shares traded hands. Jack in the Box Inc. (NASDAQ:JACK) has risen 59.43% since April 22, 2016 and is uptrending. It has outperformed by 54.02% the S&P500.
Analysts await Jack in the Box Inc. (NASDAQ:JACK) to report earnings on February, 15. They expect $1.26 earnings per share, up 35.48% or $0.33 from last year’s $0.93 per share. JACK’s profit will be $40.73M for 21.36 P/E if the $1.26 EPS becomes a reality. After $1.03 actual earnings per share reported by Jack in the Box Inc. for the previous quarter, Wall Street now forecasts 22.33% EPS growth.
Insitutional Activity: The institutional sentiment increased to 0.92 in Q2 2016. Its up 0.14, from 0.78 in 2016Q1. The ratio improved, 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.
Cornerstone has 0% invested in the company for 8 shares. Northern Trust has invested 0.02% of its portfolio in Jack in the Box Inc. (NASDAQ:JACK). Art Ltd Com has 0.03% invested in the company for 6,447 shares. State Of Wisconsin Investment Board, a Wisconsin-based fund reported 324,051 shares. Highland Cap L P has 0.56% invested in the company for 156,700 shares. National Bank Of Mellon last reported 393,023 shares in the company. Bnp Paribas Arbitrage Sa holds 40,171 shares or 0.02% of its portfolio. Legg Mason Asset Mgmt (Japan) Ltd, a Japan-based fund reported 5,600 shares. Signaturefd Lc reported 62 shares or 0% of all its holdings. Rafferty Asset Management Ltd Liability last reported 6,910 shares in the company. California State Teachers Retirement Systems has invested 0.01% of its portfolio in Jack in the Box Inc. (NASDAQ:JACK). Amalgamated Commercial Bank reported 3,962 shares or 0.02% of all its holdings. Panagora Asset last reported 0.09% of its portfolio in the stock. Metropolitan Life Insurance New York accumulated 0.03% or 53,459 shares. Suntrust Banks last reported 0.01% of its portfolio in the stock.
Insider Transactions: Since May 26, 2016, the stock had 0 buys, and 9 sales for $12.44 million net activity. DIRAIMO CAROL A sold $200,000 worth of Jack in the Box Inc. (NASDAQ:JACK) on Thursday, September 22. $4.19 million worth of Jack in the Box Inc. (NASDAQ:JACK) was sold by REBEL JERRY P on Monday, September 19. GUILBAULT KEITH M also sold $185,934 worth of Jack in the Box Inc. (NASDAQ:JACK) on Monday, August 8. 8,505 shares were sold by RUDOLPH PHILLIP H, worth $833,488 on Wednesday, September 14. Allen Frances L. sold $49,836 worth of stock. 67,572 shares with value of $6.53 million were sold by COMMA LEONARD A on Monday, September 12. Another trade for 962 shares valued at $82,701 was sold by PEPPER RAYMOND.
Jack in the Box Inc. is a restaurant company. The company has a market cap of $3.48 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 29.05 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 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 news for Jack in the Box Inc. (NASDAQ:JACK) were recently published by: Zacks.com, which released: “Will Jack in the Box (JACK) Q4 Earnings Spring a Surprise?” on November 18, 2016. Nasdaq.com‘s article titled: “Earnings Reaction History: Jack in the Box Inc., 85.7% Follow-Through …” and published on November 21, 2016 is yet another important article.
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