Jack in the Box (JACK) was Reiterated by Telsey Advisory Group to “Outperform” while Lowering the Price Target of the company shares to $ 85 from a previous price target of $95 . Telsey Advisory Group advised their investors in a research report released on Apr 13, 2016.
Many Wall Street Analysts have commented on Jack in the Box. Jack in the Box was Upgraded by Morgan Stanley to ” Overweight” on Apr 8, 2016. Shares were Reiterated by Wedbush on Feb 19, 2016 to “Outperform” and Lowered the Price Target to $ 90 from a previous price target of $105 .Shares were Reiterated by Oppenheimer on Feb 12, 2016 to “Outperform” and Lowered the Price Target to $ 86 from a previous price target of $95 .
On the company’s financial health, Jack in the Box reported $0.93 EPS for the quarter, missing the analyst consensus estimate by $ -0.10 based on the information available during the earnings call on Feb 17, 2016. Analyst had a consensus of $1.03. The company had revenue of $470.80 million for the quarter, compared to analysts expectations of $475.37 million. The company’s revenue was up .5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.93 EPS.
Jack in the Box closed down -0.46 points or -0.68% at $67.58 with 9,85,673 shares getting traded on Monday. Post opening the session at $68.61, the shares hit an intraday low of $67.31 and an intraday high of $69 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Dec 4, 2015, Keith M Guilbault (SVP – CHIEF MARKETING OFFICER) sold 2,197 shares at $78.08 per share price. According to the SEC, on Nov 27, 2015, Carol A Diraimo (VP, INVESTOR REL & CORP COMM) sold 411 shares at $74.79 per share price. On Nov 27, 2015, Jerry P Rebel (EXEC VP – CFO) sold 3,387 shares at $74.79 per share price, according to the Form-4 filing with the securities and exchange commission.
Jack in the Box Inc. (JACK) is a restaurant company. The Company operates in two segments: Jack in the Box and Qdoba Restaurant Operations. It operates and franchises approximately 2888 Jack in the Box quick-service restaurants (QSRs) and Qdoba Mexican Grill fast-casual restaurants. The Companys Jack in the Box restaurants offer a selection of products targeted primarily at the adult fast-food consumer. Its menu features a variety of items including hamburgers tacos specialty sandwiches drinks real ice cream shakes salads and side items. The Companys Qdoba restaurants feature fresh ingredients and Mexican flavors that combine to create a variety of flavors and products.