November 30, 2016 - By olga
After the disclosing of a legal form filled with SEC; a transaction became apparent. The QDOBA BRAND PRESIDENT of Jack In The Box Inc, Keith Guilbault; executed a sale in the open market by selling 2,375 shares at stock price per share of $104.8 of the public company having an approx. value of $248,884 U.S Dollars. This trade decreased his ownership of the company to 0.05% market cap or 17,189 shares.
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. Oppenheimer maintained Jack in the Box Inc. (NASDAQ:JACK) on Monday, November 9 with “Outperform” rating. On Friday, June 3 the stock rating was maintained by UBS with “Neutral”. The rating was initiated by SunTrust on Wednesday, January 6 with “Neutral”. The firm has “Hold” rating by Evercore given on Tuesday, April 5. The stock has “Outperform” rating given by Wedbush on Friday, February 19. As per Wednesday, August 5, the company rating was maintained by Wunderlich. Barclays Capital maintained the shares of JACK in a report on Tuesday, November 22 with “Equal Weight” rating. The firm earned “Buy” rating on Friday, November 25 by Jefferies. Oppenheimer maintained Jack in the Box Inc. (NASDAQ:JACK) rating on Wednesday, November 18. Oppenheimer has “Outperform” rating and $95 price target. Morgan Stanley upgraded Jack in the Box Inc. (NASDAQ:JACK) on Friday, April 8 to “Overweight” rating.
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.
The New York-based Amalgamated Comml Bank has invested 0.02% in Jack in the Box Inc. (NASDAQ:JACK). Macquarie Gru last reported 0.06% of its portfolio in the stock. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Invest Corp has 0.03% invested in the company for 28,455 shares. Maverick Cap Limited has 0.78% invested in the company for 666,861 shares. Moreover, Falcon Point Ltd Liability has 2.19% invested in Jack in the Box Inc. (NASDAQ:JACK) for 147,332 shares. Turner Limited Partnership last reported 16,000 shares in the company. Blackrock Management Llc reported 204,696 shares or 0.02% of all its holdings. Tiger Legatus Capital Ltd Liability Company holds 5.72% or 220,000 shares in its portfolio. The California-based Blackrock Fund Advsrs has invested 0.03% in Jack in the Box Inc. (NASDAQ:JACK). Jpmorgan Chase accumulated 0.01% or 317,862 shares. Tiaa Cref Investment Mgmt Limited Liability Co holds 165,977 shares or 0.01% of its portfolio. The United Kingdom-based Blackrock Gru has invested 0% in Jack in the Box Inc. (NASDAQ:JACK). Nordea Invest Ab holds 0% or 7,199 shares in its portfolio. Emerald Mutual Fund Advisers Tru, a Pennsylvania-based fund reported 273,290 shares. Oppenheimer, a New York-based fund reported 5,916 shares.
Insider Transactions: Since June 3, 2016, the stock had 0 buys, and 8 insider 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. The insider COMMA LEONARD A sold $6.53 million. GOEBEL DAVID also sold $150,161 worth of Jack in the Box Inc. (NASDAQ:JACK) shares. RUDOLPH PHILLIP H sold $833,488 worth of Jack in the Box Inc. (NASDAQ:JACK) on Wednesday, September 14. Another trade for 42,362 shares valued at $4.19 million was made by REBEL JERRY P on Monday, September 19. GUILBAULT KEITH M sold $185,934 worth of stock. The insider Allen Frances L. sold 530 shares worth $49,836.
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 $39.74M 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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