November 30, 2016 - By Clifton Ray
A calculated and well-grounded act was made by the VP – INVESTOR REL & CORP COMM of Jack In The Box Inc, Mr. Carol Diraimo, 2 days ago, when she unloaded amount of shares – 963, amounting to $99,572 USD, based on a market stock price of $103.4 for a share. She also unloaded 2,000 shares worth total $210,000 USD in the last month. Carol Diraimo now has in hand 15,167 shares which make up exactly 0.05% of the California-Company’s total 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. Jefferies maintained it with “Buy” rating and $95 target price in Thursday, November 19 report. The firm has “Buy” rating given on Friday, November 25 by Jefferies. As per Thursday, May 26, the company rating was upgraded by Robert W. Baird. The stock of Jack in the Box Inc. (NASDAQ:JACK) earned “Overweight” rating by Morgan Stanley on Friday, April 8. The company was maintained on Friday, August 5 by Wedbush. The stock of Jack in the Box Inc. (NASDAQ:JACK) earned “Neutral” rating by SunTrust on Wednesday, January 6. The firm has “Outperform” rating by Cowen & Co given on Thursday, May 26. The firm earned “Outperform” rating on Monday, November 9 by Oppenheimer. The stock has “Equal-Weight” rating given by Barclays Capital on Friday, February 19. As per Tuesday, September 29, the company rating was initiated by Telsey Advisory Group.
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.
American Intll Group accumulated 0% or 80,757 shares. Signaturefd Limited Liability reported 62 shares or 0% of all its holdings. Blackrock Institutional Tru Na reported 1.00M shares or 0.01% of all its holdings. Paloma Prns last reported 28,035 shares in the company. Cim Invest Mangement Inc last reported 0.19% of its portfolio in the stock. Moreover, Hillsdale Inv has 0.02% invested in Jack in the Box Inc. (NASDAQ:JACK) for 900 shares. Blackrock Grp has 0% invested in the company for 32,300 shares. Discovery Capital Limited Ct accumulated 422,903 shares or 0.83% of the stock. Price T Rowe Associate Md has 0.04% invested in the company for 2.13M shares. California State Teachers Retirement Systems, a California-based fund reported 68,585 shares. Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 0% or 853 shares. The Pennsylvania-based Ajo Limited Partnership has invested 0.02% in Jack in the Box Inc. (NASDAQ:JACK). Sg Americas Securities Limited Co holds 16,380 shares or 0.01% of its portfolio. Gerstein Fisher has invested 0.03% of its portfolio in Jack in the Box Inc. (NASDAQ:JACK). Ny State Teachers Retirement System last reported 78,930 shares in the company.
Insider Transactions: Since June 3, 2016, the stock had 0 insider buys, and 8 sales for $12.36 million net activity. DIRAIMO CAROL A also sold $210,000 worth of Jack in the Box Inc. (NASDAQ:JACK) on Tuesday, November 22. $6.53M worth of Jack in the Box Inc. (NASDAQ:JACK) was sold by COMMA LEONARD A on Monday, September 12. PEPPER RAYMOND also sold $82,701 worth of Jack in the Box Inc. (NASDAQ:JACK) on Friday, June 3. $833,488 worth of shares were sold by RUDOLPH PHILLIP H on Wednesday, September 14. The insider GUILBAULT KEITH M sold 1,925 shares worth $185,934. 530 shares were sold by Allen Frances L., worth $49,836. REBEL JERRY P had sold 42,362 shares worth $4.19M.
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 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 Clifton Ray