Jack in the Box (JACK) was Upgraded by Robert W. Baird to ” Outperform” according to the research note released today. 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. Robert W. Baird advised their investors in a research report released on May 26, 2016.
Many Wall Street Analysts have commented on Jack in the Box. Shares were Reiterated by Telsey Advisory Group on Apr 13, 2016 to “Outperform” and Lowered the Price Target to $ 85 from a previous price target of $95 .Jack in the Box was Upgraded by Morgan Stanley to ” Overweight” on Apr 8, 2016.
On the company’s financial health, Jack in the Box reported $0.85 EPS for the quarter, beating the analyst consensus estimate by $ 0.15 according to the earnings call on May 11, 2016. Analyst had a consensus of $0.70. The company had revenue of $361.20 million for the quarter, compared to analysts expectations of $360.20 million. The company’s revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.69 EPS.
Jack in the Box opened for trading at $76.35 and hit $80.46 on the upside on Wednesday, 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. Company has a market cap of $2,572 M.
In a different news, on May 13, 2016, Timothy P Casey (QDOBA BRAND PRESIDENT) sold 4,812 shares at $72.00 per share price. According to the SEC, on Dec 4, 2015, Keith M Guilbault (SVP – CHIEF MARKETING OFFICER) sold 2,197 shares at $78.08 per share price. On Nov 27, 2015, Carol A Diraimo (VP, INVESTOR REL & CORP COMM) sold 411 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.