The stock of Jack in the Box Inc. (NASDAQ:JACK) is a huge mover today! About 2.95M shares traded hands or 469.73% 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.
The move comes after 9 months positive chart setup for the $3.52 billion company. It was reported on Nov, 22 by Barchart.com. We have $113.23 PT which if reached, will make NASDAQ:JACK worth $176.00 million more.
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 company was maintained on Wednesday, November 18 by Oppenheimer. On Thursday, November 19 the stock rating was maintained by Jefferies with “Buy”. The stock of Jack in the Box Inc. (NASDAQ:JACK) has “Outperform” rating given on Friday, August 5 by Wedbush. The rating was maintained by Barclays Capital on Friday, February 19 with “Equal-Weight”. The firm earned “Equal-Weight” rating on Thursday, May 26 by Barclays Capital. The stock of Jack in the Box Inc. (NASDAQ:JACK) earned “Outperform” rating by Oppenheimer on Thursday, August 6. As per Friday, February 19, the company rating was maintained by Wedbush. The firm earned “Buy” rating on Wednesday, August 5 by Wunderlich. The rating was initiated by SunTrust with “Neutral” on Wednesday, January 6. Cowen & Co maintained the stock with “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.
Teachers Retirement Systems Of The State Of Kentucky holds 8,900 shares or 0.01% of its portfolio. Laurion Cap Ltd Partnership accumulated 3,429 shares or 0% of the stock. Retirement Of Alabama last reported 41,976 shares in the company. Mutual Of America Capital Management Ltd Liability Corporation has 0.04% invested in the company for 23,628 shares. Bnp Paribas Investment Prtnrs Sa last reported 100,175 shares in the company. Paloma Ptnrs Mngmt, a Connecticut-based fund reported 28,035 shares. Schwab Charles Invest Inc, a California-based fund reported 175,534 shares. Brown Advisory reported 2,620 shares or 0% of all its holdings. Locust Wood Cap Advisers Limited Liability owns 118,215 shares or 1.14% of their US portfolio. Dekabank Deutsche Girozentrale holds 0.01% of its portfolio in Jack in the Box Inc. (NASDAQ:JACK) for 7,300 shares. Credit Suisse Ag owns 50,106 shares or 0% of their US portfolio. The New York-based Jpmorgan Chase And Company has invested 0.01% in Jack in the Box Inc. (NASDAQ:JACK). Los Angeles Capital Mgmt And Equity Rech holds 0.04% of its portfolio in Jack in the Box Inc. (NASDAQ:JACK) for 49,337 shares. Dupont Management has 0.03% invested in the company for 17,470 shares. Capstone Asset Management has invested 0.01% of its portfolio in Jack in the Box Inc. (NASDAQ:JACK).
Insider Transactions: Since May 26, 2016, the stock had 0 buys, and 8 insider sales for $12.23 million net activity. Another trade for 530 shares valued at $49,836 was sold by Allen Frances L.. RUDOLPH PHILLIP H had sold 8,505 shares worth $833,488. 1,480 shares were sold by GOEBEL DAVID, worth $150,161 on Tuesday, September 6. PEPPER RAYMOND had sold 962 shares worth $82,701 on Friday, June 3. The insider REBEL JERRY P sold 42,362 shares worth $4.19 million. 67,572 shares were sold by COMMA LEONARD A, worth $6.53M. $185,934 worth of Jack in the Box Inc. (NASDAQ:JACK) was sold by GUILBAULT KEITH M.
More news for Jack in the Box Inc. (NASDAQ:JACK) were recently published by: Nasdaq.com, which released: “Earnings Reaction History: Jack in the Box Inc., 85.7% Follow-Through …” on November 21, 2016. Zacks.com‘s article titled: “Will Jack in the Box (JACK) Q4 Earnings Spring a Surprise?” and published on November 18, 2016 is yet another important article.
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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