November 25, 2016 - By Hazel Jackson
EU: In an analyst report issued to investors and clients on Friday, 25 November, Jefferies reiterated their “Buy” rating on shares of Jack In The Box (JACK). They currently have a $121.0 TP on the company. Jefferies’s target means a potential upside of 12.42% from the company’s last stock close.
Out of 2 analysts covering Jack In The Box (JACK), 0 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 0 are positive. $98.0 is the highest target while $88.0 is the lowest. The $93 average target is -13.47% below today’s ($107.48) stock price. Jack In The Box has been the topic of 2 analyst reports since October 24, 2016 according to StockzIntelligence Inc. The stock of Jack in the Box Inc. (NASDAQ:JACK) has “Equal Weight” rating given on Tuesday, November 22 by Barclays Capital. As per Monday, October 24, the company rating was initiated by Goldman Sachs.
About 45,356 shares traded hands. Jack in the Box Inc. (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 $40.68M for 21.33 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 2016 Q2. 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.
Cortina Asset Limited Liability Company, a Wisconsin-based fund reported 385,056 shares. Moreover, Adams Diversified Equity Fund has 0.03% invested in Jack in the Box Inc. (NASDAQ:JACK) for 5,500 shares. Moreover, Liberty Mutual Gru Asset Management has 0.04% invested in Jack in the Box Inc. (NASDAQ:JACK) for 14,127 shares. Spot Trading Ltd Co has 686 shares for 0% of their US portfolio. Savings Bank Of America Corporation De holds 0.02% or 1.05M shares in its portfolio. Discovery Cap Mngmt Ltd Liability Ct holds 422,903 shares or 0.83% of its portfolio. State Board Of Administration Of Florida Retirement Systems holds 21,087 shares or 0.01% of its portfolio. Castleark Ltd Liability Corporation has 76,075 shares for 0.21% of their US portfolio. Manufacturers Life Insur The owns 65,110 shares or 0.01% of their US portfolio. Argentus Cap Mgmt Limited Liability accumulated 0.04% or 1,108 shares. Hsbc Hldg Public Lc has 3,873 shares for 0% of their US portfolio. Proshare Limited Company holds 0.01% or 6,871 shares in its portfolio. Nuveen Asset Management Lc, a Illinois-based fund reported 57,276 shares. Louisiana State Employees Retirement Sys has 8,700 shares for 0.04% of their US portfolio. D E Shaw & holds 0.01% of its portfolio in Jack in the Box Inc. (NASDAQ:JACK) for 66,903 shares.
Insider Transactions: Since May 26, 2016, the stock had 0 buys, and 9 selling transactions for $12.44 million net activity. 962 Jack in the Box Inc. (NASDAQ:JACK) shares with value of $82,701 were sold by PEPPER RAYMOND. RUDOLPH PHILLIP H also sold $833,488 worth of Jack in the Box Inc. (NASDAQ:JACK) shares. Shares for $150,161 were sold by GOEBEL DAVID on Tuesday, September 6. DIRAIMO CAROL A sold 2,000 shares worth $200,000. 530 shares with value of $49,836 were sold by Allen Frances L. on Friday, November 4. 42,362 Jack in the Box Inc. (NASDAQ:JACK) shares with value of $4.19M were sold by REBEL JERRY P. 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 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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