November 30, 2016 - By Winifred Garcia
Dean Gordon – a clever insider in Jack In The Box Inc who’s the current VP – SUPPLY CHAIN — sold 579 shares of Jack In The Box Inc, worth approximately nearly USD 59,868 based on an average share price of USD 103.4. Currently, Mr. Dean, holds 5,360 shares, which accounts for 0.02% of the company’s market capitalization.
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. The rating was maintained by Wedbush with “Outperform” on Friday, August 5. The stock has “Equal-Weight” rating given by Barclays Capital on Thursday, May 26. The rating was maintained by Wedbush with “Outperform” on Friday, February 19. The stock has “Outperform” rating given by Wedbush on Thursday, June 23. Jefferies maintained it with “Buy” rating and $95 target price in Thursday, November 19 report. The firm earned “Outperform” rating on Wednesday, November 18 by Oppenheimer. The firm has “Neutral” rating by SunTrust given on Wednesday, January 6. On Wednesday, August 5 the stock rating was maintained by Wunderlich with “Buy”. Oppenheimer maintained the shares of JACK in a report on Monday, November 9 with “Outperform” rating. The company was upgraded on Thursday, May 26 by Robert W. Baird.
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.
Cim Mangement, a Pennsylvania-based fund reported 5,244 shares. Voya Investment Management Ltd Liability, a Georgia-based fund reported 631,007 shares. Samlyn Lc holds 0.1% of its portfolio in Jack in the Box Inc. (NASDAQ:JACK) for 47,883 shares. Citadel Ltd Liability accumulated 0.05% or 492,914 shares. Prudential Fin Inc has invested 0.01% of its portfolio in Jack in the Box Inc. (NASDAQ:JACK). First Quadrant L P Ca has invested 0.02% of its portfolio in Jack in the Box Inc. (NASDAQ:JACK). Menta Cap Limited Liability Corporation, a California-based fund reported 12,721 shares. Chesapeake Asset Ltd Limited Liability Company reported 7,611 shares or 0.53% of all its holdings. Liberty Mutual Group Inc Asset Management Inc, a Massachusetts-based fund reported 14,127 shares. Gotham Asset Management Limited holds 0.08% of its portfolio in Jack in the Box Inc. (NASDAQ:JACK) for 80,518 shares. Panagora Asset Management reported 203,216 shares or 0.09% of all its holdings. Amalgamated National Bank accumulated 3,962 shares or 0.02% of the stock. Cubist Systematic Strategies Ltd accumulated 0.09% or 18,048 shares. Cornerstone Advsrs holds 8 shares or 0% of its portfolio. Penn Cap Mngmt accumulated 171,039 shares or 0.85% of the stock.
Insider Transactions: Since June 3, 2016, the stock had 0 buys, and 8 sales for $12.36 million net activity. DIRAIMO CAROL A had sold 2,000 shares worth $200,000 on Thursday, September 22. $4.19M worth of Jack in the Box Inc. (NASDAQ:JACK) was sold by REBEL JERRY P on Monday, September 19. 962 Jack in the Box Inc. (NASDAQ:JACK) shares with value of $82,701 were sold by PEPPER RAYMOND. RUDOLPH PHILLIP H sold $833,488 worth of Jack in the Box Inc. (NASDAQ:JACK) on Wednesday, September 14. GUILBAULT KEITH M also sold $185,934 worth of Jack in the Box Inc. (NASDAQ:JACK) shares. COMMA LEONARD A had sold 67,572 shares worth $6.53M. Another trade for 1,480 shares valued at $150,161 was made by GOEBEL DAVID on Tuesday, September 6.
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 4 JACK IN THE BOX INC /NEW For: Nov 28 Filed by: COMMA LEONARD A” on November 30, 2016. Streetinsider.com‘s news article titled: “Form 3 JACK IN THE BOX INC /NEW For: Nov 17 Filed by: ALTER IWONA” with publication date: November 29, 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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