What’s Propelling Jack in the Box Inc. to Increase So Much?

 What's Propelling Jack in the Box Inc. to Increase So Much?

In today’s session Jack in the Box Inc. (JACK) registered an unusually high (2,048) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious JACK increase. With 2,048 contracts traded and 2974 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: JACK161216C00110000 closed last at: $1.65 or 0% . About 296,815 shares traded hands. Jack in the Box Inc. (NASDAQ:JACK) has risen 58.84% since April 21, 2016 and is uptrending. It has outperformed by 53.51% the S&P500.

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 $43.67M for 21.35 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.

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. $115 is the highest target while $70 is the lowest. The $93.20 average target is -13.40% below today’s ($107.62) stock price. Jack In The Box Inc. has been the topic of 26 analyst reports since August 6, 2015 according to StockzIntelligence Inc. Evercore initiated the stock with “Hold” rating in Tuesday, April 5 report. As per Friday, February 12, the company rating was maintained by Oppenheimer. The firm has “Equal Weight” rating given on Tuesday, November 22 by Barclays Capital. The firm has “Outperform” rating given on Friday, February 19 by Wedbush. The stock has “Neutral” rating given by SunTrust on Wednesday, January 6. The rating was maintained by Jefferies with “Buy” on Thursday, November 19. The stock of Jack in the Box Inc. (NASDAQ:JACK) earned “Buy” rating by Wunderlich on Wednesday, August 5. On Friday, April 8 the stock rating was upgraded by Morgan Stanley to “Overweight”. Barclays Capital maintained Jack in the Box Inc. (NASDAQ:JACK) on Thursday, May 26 with “Equal-Weight” rating. The stock of Jack in the Box Inc. (NASDAQ:JACK) earned “Outperform” rating by Cowen & Co on Thursday, May 26.

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 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.
Arcadia Invest Mgmt Corp Mi accumulated 0% or 14 shares. Arizona State Retirement Sys last reported 13,791 shares in the company. The Massachusetts-based Martingale Asset Mgmt Ltd Partnership has invested 0.01% in Jack in the Box Inc. (NASDAQ:JACK). Fmr Ltd Liability Corp owns 434,914 shares or 0.01% of their US portfolio. Oppenheimer And Comm, a New York-based fund reported 5,916 shares. Deutsche State Bank Ag last reported 0.02% of its portfolio in the stock. The California-based Blackrock Institutional Tru Na has invested 0.01% in Jack in the Box Inc. (NASDAQ:JACK). Manning Napier reported 129,288 shares or 0.07% of all its holdings. Metropolitan Life Insur Communications has 53,459 shares for 0.03% of their US portfolio. Sei Invs has 5,155 shares for 0% of their US portfolio. Barclays Public Limited Com holds 0% of its portfolio in Jack in the Box Inc. (NASDAQ:JACK) for 31,472 shares. Guggenheim Limited Liability has 0.01% invested in the company for 31,705 shares. Locust Wood Capital Advisers Limited Company reported 118,215 shares or 1.14% of all its holdings. First Fin Corp In owns 670 shares or 0.03% of their US portfolio. Glenmede Trust Na last reported 0% of its portfolio in the stock.

Insider Transactions: Since May 26, 2016, the stock had 0 insider purchases, and 9 sales for $12.44 million net activity. On Monday, September 19 REBEL JERRY P sold $4.19M worth of the stock or 42,362 shares. MELANCON PAUL D sold $353,344 worth of stock. $210,000 worth of shares were sold by DIRAIMO CAROL A on Tuesday, November 22. $49,836 worth of Jack in the Box Inc. (NASDAQ:JACK) was sold by Allen Frances L.. GOEBEL DAVID also sold $150,161 worth of Jack in the Box Inc. (NASDAQ:JACK) on Tuesday, September 6. Another trade for 962 shares valued at $82,701 was sold by PEPPER RAYMOND. Shares for $185,934 were sold by GUILBAULT KEITH M.

Jack in the Box Inc. is a restaurant company. The company has a market cap of $3.73 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 29.04 P/E ratio. The Company’s divisions are Jack in the Box and Qdoba Restaurant operations.

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.

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.

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