Institutional Investors Lead Shift in Jack In The Box Inc (NASDAQ:JACK) Sentiment

October 2, 2018 - By Adrian Mccoy

Jack in the Box Inc. (NASDAQ:JACK) Logo

Sentiment for Jack In The Box Inc (NASDAQ:JACK)

Jack In The Box Inc (NASDAQ:JACK) institutional sentiment decreased to 0.86 in 2018 Q2. Its down -0.06, from 0.92 in 2018Q1. The ratio turned negative, as 85 investment managers increased and started new positions, while 99 sold and reduced their positions in Jack In The Box Inc. The investment managers in our partner’s database now own: 28.34 million shares, up from 27.91 million shares in 2018Q1. Also, the number of investment managers holding Jack In The Box Inc in their top 10 positions decreased from 6 to 3 for a decrease of 3. Sold All: 27 Reduced: 72 Increased: 55 New Position: 30.

Jack in the Box Inc. operates and franchises Jack in the Box quick-service restaurants and Qdoba Mexican Eats fast-casual restaurants primarily in the United States. The company has market cap of $2.26 billion. As of October 02, 2016, it operated and franchised approximately 2,255 Jack in the Box restaurants in 21 states and Guam; and approximately 699 Qdoba Mexican Eats restaurants in 47 states, the District of Columbia, and Canada. It has a 18.08 P/E ratio.

The stock decreased 1.04% or $0.87 during the last trading session, reaching $82.96. About 656,405 shares traded or 20.48% up from the average. Jack in the Box Inc. (NASDAQ:JACK) has declined 12.33% since October 2, 2017 and is downtrending. It has underperformed by 27.95% the S&P500.

Analysts await Jack in the Box Inc. (NASDAQ:JACK) to report earnings on December, 5. They expect $0.85 earnings per share, up 16.44 % or $0.12 from last year’s $0.73 per share. JACK’s profit will be $23.17 million for 24.40 P/E if the $0.85 EPS becomes a reality. After $1.00 actual earnings per share reported by Jack in the Box Inc. for the previous quarter, Wall Street now forecasts -15.00 % negative EPS growth.

Freshford Capital Management Llc holds 7.05% of its portfolio in Jack in the Box Inc. for 525,138 shares. Jana Partners Llc owns 2.05 million shares or 4.62% of their US portfolio. Moreover, Falcon Point Capital Llc has 2.65% invested in the company for 158,750 shares. The Illinois-based Tyvor Capital Llc has invested 1.88% in the stock. Ascend Capital Llc, a California-based fund reported 305,572 shares.

Since January 1, 0001, it had 0 insider buys, and 2 selling transactions for $225,529 activity.

Jack in the Box Inc. (NASDAQ:JACK) Ratings Coverage

Ratings analysis reveals 33% of Jack In The Box’s analysts are positive. Out of 3 Wall Street analysts rating Jack In The Box, 1 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $88 while the high is $10500. The stock’s average target of $97.67 is 17.73% above today’s ($82.96) share price. JACK was included in 5 notes of analysts from April 26, 2018. The rating was maintained by UBS on Friday, August 10 with “Neutral”. The rating was maintained by Oppenheimer on Tuesday, June 19 with “Buy”. UBS maintained it with “Neutral” rating and $95 target in Thursday, April 26 report. Oppenheimer maintained the stock with “Buy” rating in Friday, June 1 report. The company was maintained on Monday, October 1 by Stifel Nicolaus.

More important recent Jack in the Box Inc. (NASDAQ:JACK) news were published by: Seekingalpha.com which released: “Sonic leads the restaurant sector higher” on September 25, 2018, also Seekingalpha.com published article titled: “Sonic goes private in $2.3B deal”, Seekingalpha.com published: “Wells Fargo on the Sonic shakeout” on September 25, 2018. More interesting news about Jack in the Box Inc. (NASDAQ:JACK) was released by: Nasdaq.com and their article: “Alibaba’s Jack Ma to step down in one year, Zhang to become chairman” with publication date: September 10, 2018.

Jack in the Box Inc. (NASDAQ:JACK) Ratings Chart

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