November 30, 2016 - By Clifton Ray
Iwona Alter currently the VP – JIB CHIEF MKTNG OFFICER of Jack In The Box Inc not a long ago unloaded 341 shares of the Pinksheet-listed Jack In The Box Inc. The insider trade has $35,258 U.S Dollars total value, at an average market price per share of $103.4. Iwona Alter’s transaction was executed on November 29, 2016 and was disclosed in a Form 4 at the Security Exchange Commission’s website. At the moment, she possess 5,026 shares or around 0.02% of the Company’s total 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. As per Thursday, May 26, the company rating was maintained by Cowen & Co. The rating was initiated by SunTrust on Wednesday, January 6 with “Neutral”. The stock of Jack in the Box Inc. (NASDAQ:JACK) earned “Overweight” rating by Morgan Stanley on Friday, April 8. The rating was maintained by Oppenheimer on Friday, February 12 with “Outperform”. UBS maintained Jack in the Box Inc. (NASDAQ:JACK) rating on Friday, June 3. UBS has “Neutral” rating and $87 price target. Oppenheimer maintained it with “Outperform” rating and $105 target price in Thursday, August 6 report. The stock has “Equal-Weight” rating given by Barclays Capital on Friday, February 19. The firm has “Outperform” rating by Wedbush given on Friday, August 5. The firm has “Outperform” rating given on Tuesday, September 29 by Telsey Advisory Group. The firm has “Buy” rating given on Friday, November 25 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.
Ameriprise Fincl, a Minnesota-based fund reported 142,792 shares. Emerald Advisers Pa reported 333,300 shares or 1.38% of all its holdings. Fmr Ltd Liability holds 0.01% or 434,914 shares in its portfolio. California Public Employees Retirement Sys, a California-based fund reported 107,000 shares. Walleye Trading Limited Co reported 784 shares or 0% of all its holdings. Moreover, Hwg Limited Partnership has 2.42% invested in Jack in the Box Inc. (NASDAQ:JACK) for 30,340 shares. Macquarie Group Inc Ltd holds 0.06% of its portfolio in Jack in the Box Inc. (NASDAQ:JACK) for 344,149 shares. Bluecrest Capital Management Ltd holds 0.01% of its portfolio in Jack in the Box Inc. (NASDAQ:JACK) for 3,239 shares. Credit Agricole S A holds 0% of its portfolio in Jack in the Box Inc. (NASDAQ:JACK) for 5,211 shares. Guggenheim Capital Limited Company, a Illinois-based fund reported 31,705 shares. Profund Advsr Limited Liability Company owns 5,950 shares or 0.02% of their US portfolio. Palisade Cap Management Llc Nj accumulated 41,801 shares or 0.13% of the stock. Proshare Advsr Llc last reported 0.01% of its portfolio in the stock. Suntrust Banks has 0.01% invested in the company for 12,089 shares. Moreover, Advantus Management has 0.01% invested in Jack in the Box Inc. (NASDAQ:JACK) for 3,941 shares.
Insider Transactions: Since June 3, 2016, the stock had 0 insider purchases, and 8 insider sales for $12.36 million net activity. DIRAIMO CAROL A also sold $200,000 worth of Jack in the Box Inc. (NASDAQ:JACK) on Thursday, September 22. Shares for $185,934 were sold by GUILBAULT KEITH M on Monday, August 8. COMMA LEONARD A sold 67,572 shares worth $6.53M. Allen Frances L. sold $49,836 worth of stock or 530 shares. $82,701 worth of Jack in the Box Inc. (NASDAQ:JACK) shares were sold by PEPPER RAYMOND. On Monday, September 19 REBEL JERRY P sold $4.19 million worth of the stock or 42,362 shares. RUDOLPH PHILLIP H had sold 8,505 shares worth $833,488 on Wednesday, September 14.
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 Clifton Ray