Jefferies Maintains Jack in the Box to Buy with Price Target $112.00

Brokerage firm Jefferies Maintains its rating on Jack in the Box(NASDAQ:JACK). In a research note issued to the investors, the brokerage major Raises the price-target to $112.00 per share. The shares have been rated Buy. The rating by Jefferies was issued on Aug 5, 2016.

In a different note, On Aug 5, 2016, Barclays said it Maintains its rating on Jack in the Box. In the research note, the firm Raises the price-target to $86.00 per share. The shares have been rated ‘Equal-weight’ by the firm. On Jun 23, 2016, Wedbush said it Maintains its rating on Jack in the Box. In the research note, the firm Raises the price-target to $90.00 per share. The shares have been rated ‘Outperform’ by the firm. On May 26, 2016, Barclays said it Maintains its rating on Jack in the Box. In the research note, the firm Raises the price-target to $79.00 per share. The shares have been rated ‘Equal-weight’ by the firm. On May 26, 2016, Baird said it Upgrades its rating on Jack in the Box. The shares have been rated ‘Outperform’ by the firm. On May 26, 2016, Cowen & Company said it Maintains its rating on Jack in the Box. In the research note, the firm Raises the price-target to $86.00 per share. The shares have been rated ‘Outperform’ by the firm. On May 13, 2016, BTIG Research said it Maintains its rating on Jack in the Box. In the research note, the firm Raises the price-target to $79.00 per share. The shares have been rated ‘Buy’ by the firm.

Jack in the Box (JACK) made into the market gainers list on Wednesdays trading session with the shares advancing 0.17% or 0.17 points. Due to strong positive momentum, the stock ended at $98.45, which is also near the day’s high of $98.65. The stock began the session at $98.04 and the volume stood at 3,28,360 shares. The 52-week high of the shares is $99.68 and the 52 week low is $61.78. The company has a current market capitalization of $3,217 M and it has 3,26,78,688 shares in outstanding.

Jack in the Box(JACK) last announced its earnings results on Aug 3, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $368.94M. Analysts had an estimated revenue of $367.41M. Earnings per share were $1.07. Analysts had estimated an EPS of $0.87.

Several Insider Transactions has been reported to the SEC. On Jun 3, 2016, Raymond Pepper (VP – GENERAL COUNSEL) sold 962 shares at $85.97 per share price.Also, On May 27, 2016, Paul D Melancon (SVP – FIN/CONTROLLER/TREASURER) sold 4,187 shares at $84.21 per share price.On May 13, 2016, Timothy P Casey (QDOBA BRAND PRESIDENT) sold 4,812 shares at $72.00 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 Company’s 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 Company’s Qdoba restaurants feature fresh ingredients and Mexican flavors that combine to create a variety of flavors and products.

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