November 30, 2016 - By Winifred Garcia
Company insider, Phillip Rudolph, EVP – CHF LGL/RISK OFCR & SEC of Jack In The Box Inc unloaded a total of 19,086 shares of the company, based on a stock price of $105.3 for every share. Phillip Rudolph now possess 92,353 shares which are around 0.29% of the California-based company’s market capitalization (total value of the shares outstanding). Published 28-11-2016, you can find out more about the deal by referring to the following source document here.
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. $121 is the highest target while $70 is the lowest. The $95.80 average target is -8.72% below today’s ($104.95) stock price. Jack In The Box Inc. has been the topic of 27 analyst reports since August 6, 2015 according to StockzIntelligence Inc. Wedbush maintained Jack in the Box Inc. (NASDAQ:JACK) on Friday, February 19 with “Outperform” rating. The company was maintained on Friday, February 19 by Barclays Capital. Barclays Capital maintained it with “Equal Weight” rating and $98 target price in Tuesday, November 22 report. The stock of Jack in the Box Inc. (NASDAQ:JACK) has “Outperform” rating given on Thursday, August 6 by Oppenheimer. The firm has “Buy” rating by Jefferies given on Thursday, November 19. Goldman Sachs initiated the stock with “Sell” rating in Monday, October 24 report. The rating was maintained by Oppenheimer with “Outperform” on Wednesday, November 18. The stock of Jack in the Box Inc. (NASDAQ:JACK) earned “Overweight” rating by Morgan Stanley on Friday, April 8. The rating was maintained by Oppenheimer with “Outperform” on Monday, November 9. The stock has “Outperform” rating given by Telsey Advisory Group on Tuesday, September 29.
Insitutional Activity: The institutional sentiment increased to 0.92 in 2016 Q2. 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.
Prudential, a New Jersey-based fund reported 94,821 shares. Envestnet Asset Mgmt reported 5,636 shares or 0% of all its holdings. Menta Capital Ltd last reported 0.15% of its portfolio in the stock. State Common Retirement Fund holds 86,723 shares or 0.01% of its portfolio. Brown Advisory Incorporated reported 2,620 shares or 0% of all its holdings. Moreover, Marshall Wace Limited Liability Partnership has 0.11% invested in Jack in the Box Inc. (NASDAQ:JACK) for 153,647 shares. Rhumbline Advisers holds 0.02% or 70,712 shares in its portfolio. Deutsche Financial Bank Ag, a Germany-based fund reported 278,696 shares. The New York-based Amalgamated Natl Bank has invested 0.02% in Jack in the Box Inc. (NASDAQ:JACK). Castleark Mgmt Ltd Liability Company accumulated 76,075 shares or 0.21% of the stock. Commonwealth Of Pennsylvania Public School Empls Retrmt has invested 0.01% of its portfolio in Jack in the Box Inc. (NASDAQ:JACK). Wright Invsts last reported 5,655 shares in the company. Da Davidson And holds 0% of its portfolio in Jack in the Box Inc. (NASDAQ:JACK) for 16 shares. Bluecrest Mngmt Ltd has 3,239 shares for 0.01% of their US portfolio. Kornitzer Mgmt Inc Ks owns 3,000 shares or 0% of their US portfolio.
Insider Transactions: Since June 3, 2016, the stock had 0 buys, and 8 sales for $12.36 million net activity. On Tuesday, November 22 DIRAIMO CAROL A sold $210,000 worth of the stock or 2,000 shares. $49,836 worth of Jack in the Box Inc. (NASDAQ:JACK) shares were sold by Allen Frances L. The insider COMMA LEONARD A sold $6.53 million. $82,701 worth of Jack in the Box Inc. (NASDAQ:JACK) was sold by PEPPER RAYMOND. $4.19 million worth of Jack in the Box Inc. (NASDAQ:JACK) was sold by REBEL JERRY P. 1,925 Jack in the Box Inc. (NASDAQ:JACK) shares with value of $185,934 were sold by GUILBAULT KEITH M. 1,480 Jack in the Box Inc. (NASDAQ:JACK) shares with value of $150,161 were sold by GOEBEL DAVID.
The stock closed at $104.95 during the last session. It is down 51.88% since April 27, 2016 and is uptrending. It has outperformed by 46.65% the S&P500.
Jack in the Box Inc. is a restaurant company. The company has a market cap of $3.31 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 28.32 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.”
Analysts await Jack in the Box Inc. (NASDAQ:JACK) to report earnings on February, 15. They expect $1.26 EPS, up 35.48% or $0.33 from last year’s $0.93 per share. JACK’s profit will be $39.74 million for 20.82 P/E if the $1.26 EPS becomes a reality. After $1.03 actual EPS reported by Jack in the Box Inc. for the previous quarter, Wall Street now forecasts 22.33% EPS growth.
More recent Jack in the Box Inc. (NASDAQ:JACK) news were published by: Businesswire.com which released: “Jack in the Box Inc. to Present at Investor Conferences in December” on November 29, 2016. Also Streetinsider.com published the news titled: “Form 3 JACK IN THE BOX INC /NEW For: Nov 17 Filed by: ALTER IWONA” on November 29, 2016. Streetinsider.com‘s news article titled: “Form 4 JACK IN THE BOX INC /NEW For: Nov 28 Filed by: COMMA LEONARD A” with publication date: November 30, 2016 was also an interesting one.
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.
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