Price Action Alert: What’s Jack in the Box Inc. Upside After Achieving 52-Week High?

Price Action Alert: What's Jack in the Box Inc. Upside After Achieving 52 Week High?

The stock of Jack in the Box Inc. (NASDAQ:JACK) hit a new 52-week high and has $145.04 target or 43.00% above today’s $101.43 share price. The 6 months bullish chart indicates low risk for the $3.29B company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $145.04 price target is reached, the company will be worth $1.41 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 636,208 shares traded hands or 30.87% up from the average. Jack in the Box Inc. (NASDAQ:JACK) has risen 49.08% since April 19, 2016 and is uptrending. It has outperformed by 45.22% the S&P500.

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. Jack In The Box Inc. has been the topic of 25 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The stock of Jack in the Box Inc. (NASDAQ:JACK) has “Hold” rating given on Tuesday, April 5 by Evercore. The company was maintained on Thursday, November 19 by Jefferies. The firm earned “Neutral” rating on Wednesday, January 6 by Suntrust Robinson. The firm has “Overweight” rating by Morgan Stanley given on Friday, April 8. Telsey Advisory Group initiated Jack in the Box Inc. (NASDAQ:JACK) on Tuesday, September 29 with “Outperform” rating. The stock has “Neutral” rating given by SunTrust on Wednesday, January 6. The firm has “Outperform” rating given on Thursday, May 26 by Cowen & Co. The company was maintained on Monday, November 9 by Oppenheimer. Barclays Capital maintained the shares of JACK in a report on Thursday, May 26 with “Equal-Weight” rating. Wedbush maintained it with “Outperform” rating and $115 target price in Friday, August 5 report.

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.”

Insitutional Activity: The institutional sentiment increased to 0.92 in Q2 2016. Its up 0.14, from 0.78 in 2016Q1. The ratio improved, 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.
Lpl Fincl Limited Liability last reported 5,313 shares in the company. Bluecrest Cap Limited last reported 3,239 shares in the company. Quantbot Tech Limited Partnership holds 0.08% or 8,406 shares in its portfolio. Hl Financial Service Limited Liability Company holds 28,882 shares or 0.06% of its portfolio. The Ohio-based Victory Mngmt has invested 0% in Jack in the Box Inc. (NASDAQ:JACK). Blackrock Inc has 15,526 shares for 0% of their US portfolio. Moneta Limited Com accumulated 16,294 shares or 0.31% of the stock. Fifth Third Fincl Bank reported 137 shares or 0% of all its holdings. Raymond James Assocs last reported 0% of its portfolio in the stock. Dorsey And Whitney Ltd Limited Liability Company holds 3,640 shares or 0.07% of its portfolio. Advisory holds 402,015 shares or 0.6% of its portfolio. Bnp Paribas Prtn Sa last reported 100,175 shares in the company. Jane Street Grp Ltd Liability Corporation last reported 8,752 shares in the company. Finemark Retail Bank And Tru holds 66 shares or 0% of its portfolio. Palisade Capital Mgmt Ltd Liability Nj holds 0.13% or 41,801 shares in its portfolio.

Insider Transactions: Since May 26, 2016, the stock had 0 insider purchases, and 9 sales for $12.58 million net activity. Allen Frances L. sold 530 shares worth $49,836. Shares for $150,161 were sold by GOEBEL DAVID on Tuesday, September 6. On Monday, September 12 COMMA LEONARD A sold $6.53 million worth of the stock or 67,572 shares. REBEL JERRY P sold $4.19 million worth of Jack in the Box Inc. (NASDAQ:JACK) on Monday, September 19. 8,505 shares were sold by RUDOLPH PHILLIP H, worth $833,488 on Wednesday, September 14. $82,701 worth of Jack in the Box Inc. (NASDAQ:JACK) was sold by PEPPER RAYMOND. $200,000 worth of Jack in the Box Inc. (NASDAQ:JACK) shares were sold by DIRAIMO CAROL A.

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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