Rating Worth Mentioning: Jack In The Box Inc (NASDAQ:JACK) “Buy” Rating Kept at Jefferies & Co; With $121.00 Target

November 25, 2016 - By Richard Conner

Rating Worth Mentioning: Jack In The Box Inc (NASDAQ:JACK)

Jack In The Box Inc (NASDAQ:JACK) Rating

Jefferies & Co currently has a $121.00 target price per share on the $3.47B market cap company or 12.40% upside potential. In a research note revealed to clients and investors on Friday, 25 November, Jack In The Box Inc (NASDAQ:JACK) stock had its “Buy” Rating reaffirmed by analysts at Jefferies & Co.

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 -13.42% below today’s ($107.65) stock price. Jack In The Box Inc. has been the topic of 26 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating given on Wednesday, January 6 by SunTrust. Oppenheimer maintained Jack in the Box Inc. (NASDAQ:JACK) on Thursday, August 6 with “Outperform” rating. The company was maintained on Friday, May 13 by BTIG Research. Oppenheimer maintained the shares of JACK in a report on Wednesday, November 18 with “Outperform” rating. The firm earned “Outperform” rating on Thursday, June 23 by Wedbush. As per Friday, February 19, the company rating was maintained by Wedbush. Jefferies maintained Jack in the Box Inc. (NASDAQ:JACK) rating on Thursday, November 19. Jefferies has “Buy” rating and $95 price target. The company was initiated on Tuesday, April 5 by Evercore. The firm has “Neutral” rating by UBS given on Friday, June 3. Cowen & Co maintained the stock with “Outperform” rating in Thursday, May 26 report.

The stock increased 0.02% or $0.02 during the last trading session, hitting $107.65. About 289,835 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 $40.61M 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 increased, 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.

Moreover, Canada Pension Plan Board has 0.01% invested in Jack in the Box Inc. (NASDAQ:JACK) for 37,982 shares. Suntrust Banks accumulated 12,089 shares or 0.01% of the stock. Glenmede Communication Na last reported 0% of its portfolio in the stock. Cipher Limited Partnership holds 0.11% of its portfolio in Jack in the Box Inc. (NASDAQ:JACK) for 18,127 shares. Synovus Fincl owns 20,470 shares or 0.04% of their US portfolio. Prudential Financial last reported 94,821 shares in the company. Moreover, Verition Fund Management Ltd Com has 0.07% invested in Jack in the Box Inc. (NASDAQ:JACK) for 6,650 shares. Hwg L P last reported 2.42% of its portfolio in the stock. The Illinois-based Oakbrook Invs Ltd Company has invested 0.01% in Jack in the Box Inc. (NASDAQ:JACK). The New York-based Millennium Mgmt Limited Co has invested 0.19% in Jack in the Box Inc. (NASDAQ:JACK). Melvin L P holds 1.1% of its portfolio in Jack in the Box Inc. (NASDAQ:JACK) for 400,000 shares. Emerald Mutual Fund Advisers Tru holds 273,290 shares or 1.32% of its portfolio. Gemmer Asset Lc reported 133 shares or 0.01% of all its holdings. Balyasny Asset Management Ltd Liability Corporation last reported 0.14% of its portfolio in the stock. Cornerstone last reported 0% of its portfolio in the stock.

Insider Transactions: Since May 26, 2016, the stock had 0 insider purchases, and 9 insider sales for $12.44 million net activity. $150,161 worth of Jack in the Box Inc. (NASDAQ:JACK) shares were sold by GOEBEL DAVID. 67,572 Jack in the Box Inc. (NASDAQ:JACK) shares with value of $6.53M were sold by COMMA LEONARD A. 8,505 shares with value of $833,488 were sold by RUDOLPH PHILLIP H on Wednesday, September 14. 2,000 shares with value of $200,000 were sold by DIRAIMO CAROL A on Thursday, September 22. The insider REBEL JERRY P sold 42,362 shares worth $4.19M. Allen Frances L. had sold 530 shares worth $49,836. 4,187 Jack in the Box Inc. (NASDAQ:JACK) shares with value of $353,344 were sold by MELANCON PAUL D.

Jack in the Box Inc. is a restaurant company. The company has a market cap of $3.47 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 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 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Tags: , ,

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>