The stock of Jack in the Box Inc. (NASDAQ:JACK) reached all time high today, Nov, 22 and still has $112.02 target or 7.00% above today’s $104.69 share price. This indicates more upside for the $3.39B company. This technical setup was reported by Barchart.com. If the $112.02 PT is reached, the company will be worth $237.30M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 1.89 million shares traded hands or 265.01% up from the average. Jack in the Box Inc. (NASDAQ:JACK) has risen 48.85% since April 20, 2016 and is uptrending. It has outperformed by 44.29% 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. SunTrust initiated Jack in the Box Inc. (NASDAQ:JACK) on Wednesday, January 6 with “Neutral” rating. Goldman Sachs initiated it with “Sell” rating and $88 target price in Monday, October 24 report. On Friday, February 19 the stock rating was maintained by Wedbush with “Outperform”. Cowen & Co maintained the shares of JACK in a report on Thursday, May 26 with “Outperform” rating. Oppenheimer maintained the stock with “Outperform” rating in Wednesday, November 18 report. The rating was maintained by Wedbush on Friday, August 5 with “Outperform”. The stock of Jack in the Box Inc. (NASDAQ:JACK) earned “Outperform” rating by Oppenheimer on Thursday, August 6. As per Thursday, November 19, the company rating was maintained by Jefferies. The stock of Jack in the Box Inc. (NASDAQ:JACK) has “Buy” rating given on Wednesday, August 5 by Wunderlich. Robert W. Baird upgraded the stock to “Outperform” rating in Thursday, May 26 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 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.
Prudential Financial owns 94,821 shares or 0.01% of their US portfolio. Liberty Mutual Group Incorporated Asset Mngmt has 14,127 shares for 0.04% of their US portfolio. Capstone Asset Mgmt Commerce holds 0.01% of its portfolio in Jack in the Box Inc. (NASDAQ:JACK) for 2,608 shares. Boothbay Fund Mgmt Ltd Liability Corp last reported 0.22% of its portfolio in the stock. Macquarie Grp Inc Ltd, a Australia-based fund reported 344,149 shares. Comerica Bancorp accumulated 70,403 shares or 0.06% of the stock. D E Shaw And last reported 0.01% of its portfolio in the stock. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Inv Mngmt accumulated 28,455 shares or 0.03% of the stock. Eagle Asset Mgmt holds 0.39% or 655,089 shares in its portfolio. Blackrock Fund Advisors accumulated 1.63 million shares or 0.03% of the stock. Trexquant Investment L P holds 32,599 shares or 0.37% of its portfolio. The United Kingdom-based Hsbc Public Ltd Co has invested 0% in Jack in the Box Inc. (NASDAQ:JACK). Brant Point Mgmt Limited Liability Corp has 1.03% invested in the company for 127,470 shares. Moreover, Wealthtrust has 0.01% invested in Jack in the Box Inc. (NASDAQ:JACK) for 120 shares. Kcg Hldgs Inc last reported 0.01% of its portfolio in the stock.
Insider Transactions: Since May 26, 2016, the stock had 0 insider purchases, and 8 selling transactions for $12.23 million net activity. DIRAIMO CAROL A sold 2,000 shares worth $200,000. Another trade for 1,480 shares valued at $150,161 was made by GOEBEL DAVID on Tuesday, September 6. Shares for $185,934 were sold by GUILBAULT KEITH M. RUDOLPH PHILLIP H sold $833,488 worth of stock or 8,505 shares. $4.19 million worth of Jack in the Box Inc. (NASDAQ:JACK) shares were sold by REBEL JERRY P. MELANCON PAUL D also sold $353,344 worth of Jack in the Box Inc. (NASDAQ:JACK) on Thursday, May 26. PEPPER RAYMOND sold $82,701 worth of stock or 962 shares.
More important recent Jack in the Box Inc. (NASDAQ:JACK) news were published by: Wsj.com which released: “Jack in the Box Same-Store Sales at Company-Owned Locations Disappoint” on November 21, 2016, also Nasdaq.com published article titled: “Jack in the Box (JACK) Stock Falls Despite Q4 Earnings Beat”, Nasdaq.com published: “Earnings Reaction History: Jack in the Box Inc., 85.7% Follow-Through …” on November 21, 2016. More interesting news about Jack in the Box Inc. (NASDAQ:JACK) was released by: Zacks.com and their article: “Will Jack in the Box (JACK) Q4 Earnings Spring a Surprise?” with publication date: November 18, 2016.
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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