Jack In The Box Inc /new/ (JACK): Paul D Melancon , SVP – FIN/CONTROLLER/TREASURER of Jack In The Box Inc /new/ sold 4,187 shares on May 26, 2016. The Insider selling transaction was reported by the company on May 27, 2016 to the Securities and Exchange Commission. The shares were sold at $84.21 per share for a total value of $353,343.84 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 13, 2016, Timothy P Casey (QDOBA BRAND PRESIDENT) sold 4,812 shares at $72.00 per share price.On Dec 4, 2015, Keith M Guilbault (SVP – CHIEF MARKETING OFFICER) sold 2,197 shares at $78.08 per share price.Also, 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.
Jack in the Box: On Wednesday, May 25, 2016 heightened volatility was witnessed in Jack in the Box which led to swings in the share price. The shares opened for trading at $76.35 and hit $80.46 on the upside , eventually ending the session at $79.05, with a gain of 5.25% or 3.94 points. The heightened volatility saw the trading volume jump to 24,59,302 shares. The 52-week high of the share price is $98.26 and the company has a market cap of $2,572 M . The 52-week low of the share price is at $61.78.
Company has been under the radar of several Street Analysts.Jack in the Box is Upgraded by Robert W. Baird to Outperform and the brokerage firm has raised the Price Target to $ 95 from a previous price target of $80 .Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on May 26, 2016.Jack in the Box is Reiterated by Barclays to Equal Weight and the brokerage firm has raised the Price Target to $ 86 from a previous price target of $79 .The Rating was issued on May 26, 2016.Jack in the Box is 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 . The Rating was issued on Apr 13, 2016.Jack in the Box is Upgraded by Morgan Stanley to Overweight. Earlier the firm had a rating of Equal-Weight on the company shares. The Rating was issued on Apr 8, 2016.
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.