Jack in the Box Inc. (JACK) With $86.71 Price Forms Bearish Double Bottom Pattern

June 26, 2018 - By Matthew Medley

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

During 2018 Q1 the big money sentiment decreased to 0.92. That’s change of 0.35, from 2017Q4’s 1.27. 41 investors sold all, 66 reduced holdings as Jack in the Box Inc. ratio dived. 70 increased stakes while 28 funds took stakes. Funds hold 27.91 million shares thus 0.76% more from 2017Q4’s 27.70 million shares.
Freshford Capital Mngmt Limited Liability Company holds 6.64% of its capital in Jack in the Box Inc. (NASDAQ:JACK) for 469,069 shs. Citigroup holds 4,091 shs. Lpl Fin Limited Company holds 0% in Jack in the Box Inc. (NASDAQ:JACK) or 2,441 shs. The New York-based Retail Bank Of New York Mellon has invested 0.01% in Jack in the Box Inc. (NASDAQ:JACK). Moreover, Koch Inc has 0.03% invested in Jack in the Box Inc. (NASDAQ:JACK) for 3,645 shs. First Tru Advsrs L P holds 0% or 2,782 shs. Strs Ohio has 1,400 shs for 0% of their capital. Ascend Cap Ltd has invested 2.25% in Jack in the Box Inc. (NASDAQ:JACK). Cwm Limited Liability Company invested in 0% or 6 shs. Advantus Mngmt Inc accumulated 3,624 shs. Profund Limited Liability Company reported 0.02% in Jack in the Box Inc. (NASDAQ:JACK). Nelson Van Denburg Campbell Wealth Mngmt Grp Ltd holds 0.04% of its capital in Jack in the Box Inc. (NASDAQ:JACK) for 1,972 shs. Liberty Mutual Asset Inc stated it has 0.02% in Jack in the Box Inc. (NASDAQ:JACK). Commonwealth Of Pennsylvania School Empls Retrmt holds 7,962 shs. Louisiana State Employees Retirement System has invested 0.03% in Jack in the Box Inc. (NASDAQ:JACK).

Jack in the Box Inc. registered $349,826 net activity with 0 buys and 4 insider sales since February 23, 2018. 1,521 Jack in the Box Inc. (NASDAQ:JACK) shs with value of $124,281 were sold by GOEBEL DAVID.

Jack in the Box Inc. (JACK) forms a double bottom chart setup today and has $79.77 PT or 8.00 % below today’s $86.71 share price. The $2.47 billion company reviews high risk because of the 7 months chart setup. Finviz.com posted the double bottom chart setup on Jun, 26. The valuation of JACK can change by $197.28 million if our $79.77 PT is reached.

JACK touched $86.71 during the last trading session after $1.67 change.Jack in the Box Inc. has 914,476 shares volume, 51.94% up from normal. JACK is downtrending and has moved 21.27% since June 26, 2017. The stock underperformed the S&P500 by 33.84%.

On August, 8. Investors wait Jack in the Box Inc. (NASDAQ:JACK) to announce its quarterly earnings, according to RTT. Analysts have anticipation on stock’s EPS of $0.87. That’s down 12.12 % from last year’s $0.99 EPS. If JACK’s EPS is $0.87 the profit will be $24.74M for 24.92 P/E. After $0.80 EPS was reported last quarter, analysts now see EPS growth of 8.75 % for Jack in the Box Inc..

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

In total 12 analysts cover Jack In The Box (NASDAQ:JACK). “Buy” rating has 7, “Sell” are 0, while 5 are “Hold”. (NASDAQ:JACK) has 58% bullish analysts. With $122.0 highest and $95 lowest PT, Jack In The Box has $105.55 average PT or 21.73% above the current ($86.71) price. 19 are the (NASDAQ:JACK)’s ratings reports on Jun 26, 2018 according to StockzIntelligence Inc. On Friday, January 19 the firm has “Buy” rating by Goldman Sachs given. On Thursday, January 11 the firm has “Buy” rating by SunTrust given. On Friday, January 5 Goldman Sachs upgraded Jack in the Box Inc. (NASDAQ:JACK) to “Neutral” rating. On Wednesday, March 14 the firm has “Buy” rating by Telsey Advisory given. On Tuesday, January 30 the company was maintained by Wells Fargo. On Thursday, February 22 the firm has “Buy” rating given by Oppenheimer. In Tuesday, March 6 report Morgan Stanley maintained it with “Overweight” rating and $106 target. On Thursday, April 26 the rating was maintained by UBS with “Neutral”. On Wednesday, March 21 the firm earned “Hold” rating by Stifel Nicolaus. On Tuesday, January 2 the firm earned “Buy” rating by SunTrust.

There’s a substantial Jack in the Box Inc. (NASDAQ:JACK) news brought out by Fool.com. It’s a report titled: “3 Simple Reasons Jack in the Box Isn’t Popping Back Up” on May 29, 2018.

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

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