November 30, 2016 - By Louis Casey
In a legal report filed with the Washington-based SEC, it was reported that the EVP- PEOPLE – CULTURE &STRATEGY of Jack In The Box Inc Mark Blankenship, an insider in spotlight, made a stock market sale for 2,606 shares of the firm, valued at $269,448 U.S Dollars using an average price-per-share of $103.4 U.S Dollars. At present, Mark Blankenship has ownership of 23,005 shares or about 0.07% of the 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 “Outperform” rating by Oppenheimer given on Monday, November 9. As per Friday, February 19, the company rating was maintained by Wedbush. The rating was maintained by Oppenheimer on Thursday, August 6 with “Outperform”. The rating was maintained by Cowen & Co with “Outperform” on Thursday, May 26. The stock of Jack in the Box Inc. (NASDAQ:JACK) earned “Buy” rating by Jefferies on Friday, November 25. The firm has “Hold” rating by Evercore given on Tuesday, April 5. Barclays Capital maintained the stock with “Equal Weight” rating in Tuesday, November 22 report. As per Friday, April 8, the company rating was upgraded by Morgan Stanley. The company was maintained on Friday, June 3 by UBS. The firm earned “Buy” rating on Thursday, November 19 by Jefferies.
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.
Ajo L P has invested 0.02% of its portfolio in Jack in the Box Inc. (NASDAQ:JACK). Aperio Grp Incorporated Limited Liability Com has 5,953 shares for 0% of their US portfolio. Bluecrest Management Ltd owns 3,239 shares or 0.01% of their US portfolio. Capstone Asset Co accumulated 2,608 shares or 0.01% of the stock. Synovus Finance Corporation has 0.04% invested in the company for 20,470 shares. Credit Agricole S A last reported 0% of its portfolio in the stock. Jpmorgan Chase holds 317,862 shares or 0.01% of its portfolio. Advisory Rech reported 402,015 shares or 0.6% of all its holdings. State Board Of Administration Of Florida Retirement System holds 0.01% or 21,087 shares in its portfolio. Art Advsr Ltd Company accumulated 0.03% or 6,447 shares. Dupont accumulated 17,470 shares or 0.03% of the stock. Advsrs Asset Mgmt last reported 900 shares in the company. Moreover, Blackrock Fund Advisors has 0.03% invested in Jack in the Box Inc. (NASDAQ:JACK) for 1.63M shares. Boothbay Fund Mngmt Lc owns 5,478 shares or 0.22% of their US portfolio. Pacad Inv Ltd has 0.03% invested in the company for 2,700 shares.
Insider Transactions: Since June 3, 2016, the stock had 0 buys, and 8 sales for $12.36 million net activity. RUDOLPH PHILLIP H sold $833,488 worth of stock or 8,505 shares. 1,925 shares were sold by GUILBAULT KEITH M, worth $185,934. 2,000 shares were sold by DIRAIMO CAROL A, worth $210,000 on Tuesday, November 22. $82,701 worth of Jack in the Box Inc. (NASDAQ:JACK) was sold by PEPPER RAYMOND on Friday, June 3. 42,362 shares with value of $4.19M were sold by REBEL JERRY P on Monday, September 19. COMMA LEONARD A had sold 67,572 shares worth $6.53M on Monday, September 12. $150,161 worth of Jack in the Box Inc. (NASDAQ:JACK) shares 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 earnings per share, 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 earnings per share 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 Louis Casey