Insider Watch Reporter: Reasons for Frances Allen’s Shares Unload of Jack in the Box Inc. (NASDAQ:JACK)’s Stock

November 30, 2016 - By Ellis Scott

Insider Watch Reporter: Reasons for Frances Allen's Shares Unload of Jack in the Box Inc. (NASDAQ:JACK)'s Stock

Frances Allen Insider Sell

Mr. Frances Allen, the key JIB BRAND PRESIDENT at Jack In The Box Inc has recently been linked with a transaction of 563 shares of the corporation, valued at $103.4 per share. The transaction worth was of $58,214 US Dollars. She also sold 530 shares with value $49,836 USD in the last 30 days. Frances Allen owns around 0.04% of Jack In The Box Inc’s total market capitalization or 11,509 shares.

Jack in the Box Inc. (NASDAQ:JACK) Ratings Coverage

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 stock of Jack in the Box Inc. (NASDAQ:JACK) has “Outperform” rating given on Thursday, May 26 by Robert W. Baird. Suntrust Robinson initiated the shares of JACK in a report on Wednesday, January 6 with “Neutral” rating. UBS maintained the shares of JACK in a report on Friday, June 3 with “Neutral” rating. The stock has “Hold” rating given by Evercore on Tuesday, April 5. Cowen & Co maintained Jack in the Box Inc. (NASDAQ:JACK) on Thursday, May 26 with “Outperform” rating. Morgan Stanley upgraded Jack in the Box Inc. (NASDAQ:JACK) on Friday, April 8 to “Overweight” rating. The firm has “Outperform” rating by Telsey Advisory Group given on Tuesday, September 29. The company was maintained on Friday, August 5 by Wedbush. On Wednesday, August 5 the stock rating was maintained by Wunderlich with “Buy”. The stock of Jack in the Box Inc. (NASDAQ:JACK) earned “Equal-Weight” rating by Barclays Capital on Thursday, May 26.

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.

Da Davidson And holds 0% of its portfolio in Jack in the Box Inc. (NASDAQ:JACK) for 16 shares. Bluecrest Capital Mgmt Ltd accumulated 3,239 shares or 0.01% of the stock. The Pennsylvania-based Penn Capital Mgmt Com has invested 0.85% in Jack in the Box Inc. (NASDAQ:JACK). Tudor Investment Et Al reported 2,972 shares or 0.01% of all its holdings. Piermont Capital Mgmt holds 21,600 shares or 0.48% of its portfolio. State Street has invested 0.01% of its portfolio in Jack in the Box Inc. (NASDAQ:JACK). Td Asset Mgmt last reported 15,230 shares in the company. The Illinois-based Guggenheim Ltd Liability has invested 0.01% in Jack in the Box Inc. (NASDAQ:JACK). Palisade Ltd Co Nj accumulated 41,801 shares or 0.13% of the stock. Schroder Inv Management Gru has 612,695 shares for 0.11% of their US portfolio. Panagora Asset last reported 203,216 shares in the company. Cornerstone Inc holds 0% or 8 shares in its portfolio. Meeder Asset Mngmt Inc accumulated 0% or 100 shares. First In last reported 0.03% of its portfolio in the stock. Allianz Asset Mngmt Ag last reported 59,605 shares in the company.

Insider Transactions: Since June 3, 2016, the stock had 0 insider purchases, and 8 selling transactions for $12.36 million net activity. RUDOLPH PHILLIP H sold $833,488 worth of Jack in the Box Inc. (NASDAQ:JACK) on Wednesday, September 14. DIRAIMO CAROL A had sold 2,000 shares worth $210,000 on Tuesday, November 22. $4.19M worth of Jack in the Box Inc. (NASDAQ:JACK) was sold by REBEL JERRY P on Monday, September 19. GOEBEL DAVID also sold $150,161 worth of Jack in the Box Inc. (NASDAQ:JACK) on Tuesday, September 6. The insider Allen Frances L. sold 530 shares worth $49,836. COMMA LEONARD A also sold $6.53M worth of Jack in the Box Inc. (NASDAQ:JACK) shares. 962 shares were sold by PEPPER RAYMOND, worth $82,701.

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 Company Profile

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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