November 30, 2016 - By Ruchi Gupta
Vanessa Fox – a capable insider in Jack In The Box Inc who is the present VP – CHIEF DEVELOPMENT OFFICER — sold some 577 shares of Jack In The Box Inc, valued by the market at about close to $US 59,660 which is based on an average stock price per share of $US 103.4. The provided info is as reported in a SEC filing dated November 28, 2016. Vanessa Fox presently has ownership of 3,199 shares which are equivalent to exactly 0.01% of the California-based company’s market cap.
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 firm has “Overweight” rating by Morgan Stanley given on Friday, April 8. Oppenheimer maintained Jack in the Box Inc. (NASDAQ:JACK) rating on Wednesday, November 18. Oppenheimer has “Outperform” rating and $95 price target. The firm has “Outperform” rating given on Friday, February 19 by Wedbush. The stock of Jack in the Box Inc. (NASDAQ:JACK) has “Neutral” rating given on Friday, June 3 by UBS. The company was maintained on Friday, February 19 by Barclays Capital. The company was maintained on Monday, November 9 by Oppenheimer. The rating was maintained by Jefferies with “Buy” on Friday, November 25. The firm has “Sell” rating given on Monday, October 24 by Goldman Sachs. The stock has “Neutral” rating given by Suntrust Robinson on Wednesday, January 6. Wedbush maintained it with “Outperform” rating and $115 target price in Friday, August 5 report.
Insitutional Activity: The institutional sentiment increased to 0.92 in 2016 Q2. Its up 0.14, from 0.78 in 2016Q1. The ratio is positive, 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.
Weaver C Barksdale has 81 shares for 0.01% of their US portfolio. Gerstein Fisher last reported 0.03% of its portfolio in the stock. Stifel Fincl last reported 0.02% of its portfolio in the stock. Pnc Serv Gp has invested 0% of its portfolio in Jack in the Box Inc. (NASDAQ:JACK). Aqr Mngmt Ltd Liability has 421,677 shares for 0.06% of their US portfolio. Amalgamated National Bank & Trust reported 3,962 shares or 0.02% of all its holdings. Blackrock last reported 0% of its portfolio in the stock. The California-based Eam has invested 0.39% in Jack in the Box Inc. (NASDAQ:JACK). Lpl Financial Ltd Liability Com accumulated 5,313 shares or 0% of the stock. Suntrust Banks Inc accumulated 0.01% or 12,089 shares. Northern Trust Corporation accumulated 0.02% or 598,104 shares. Turner Invests L P accumulated 0.43% or 16,000 shares. Zacks Inv reported 13,338 shares or 0.03% of all its holdings. Emerald Mutual Fund Advisers Tru accumulated 273,290 shares or 1.32% of the stock. Moreover, Louisiana State Employees Retirement System has 0.04% invested in Jack in the Box Inc. (NASDAQ:JACK) for 8,700 shares.
Insider Transactions: Since June 3, 2016, the stock had 0 insider purchases, and 8 insider sales for $12.36 million net activity. $49,836 worth of shares were sold by Allen Frances L. on Friday, November 4. The insider GUILBAULT KEITH M sold $185,934. On Monday, September 19 REBEL JERRY P sold $4.19M worth of the stock or 42,362 shares. $150,161 worth of Jack in the Box Inc. (NASDAQ:JACK) shares were sold by GOEBEL DAVID. $833,488 worth of Jack in the Box Inc. (NASDAQ:JACK) was sold by RUDOLPH PHILLIP H. Shares for $210,000 were sold by DIRAIMO CAROL A on Tuesday, November 22. On Monday, September 12 COMMA LEONARD A sold $6.53 million worth of the stock or 67,572 shares.
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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By Ruchi Gupta