Jack in the Box Inc (NASDAQ:JACK) reaching 52-week high, short interest ramping up

Jack in the Box Inc (NASDAQ:JACK) (Trend Analysis) shares were traded with a significant increase in volume. The stock closed last trading session at $96.97, up by 2.67%, with a volume of 685,309 shares against an average amount for the last three months of 440,184.

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Jack in the Box Inc (NASDAQ:JACK) stock is currently trading 5.56% below its 52-week-high, 56.96% above its 52-week-low. The 1-year stock price history is in the range of $61.78 – $102.68. Jack in the Box Inc (JACK) has a price to earnings ratio of 29.49 versus Services sector average of 20.03. JACK stock price has outperformed the Nasdaq by 25.4%. The Restaurants company is currently valued at $3.17 billion, and its share price closed the last trading session at $96.97. The stock has a 50-day moving average of $96.14 and a 200-day moving average of $88.46.

Jack in the Box Inc (JACK) current short interest stands at 2.08 million shares. It has increased by 6% from the same period of last month. Around 7% of the company’s shares, which are float, are short sold. With a 10-days average volume of 0.36 million shares, the number of days required to cover the short positions stand at 5.8 days.

JACK is forecasted to report earnings per share of $0.88 and a revenue of $395.85 million for the 4th Quarter of the fiscal year 2016. Jack in the Box Inc (JACK) expects to post results on November 21. The Restaurants company announced last quarter earnings per share of $1.07 against a consensus Street estimate of $0.87, beating the average estimate by $0.2. The company posted a revenue of $368.9 million compared to an estimation of $366.8 million.

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There are currently seventeen analysts that cover Jack in the Box Inc stock. Of those seventeen, ten have a Buy rating, six have a Hold rating and one has a Sell rating. On a consensus basis this yields to an Overweight rating. The consensus target price stands at $107.36.

A recent analyst activity consisted of Goldman Sachs who initiated their coverage on the stock with Sell rating on October 24. Goldman Sachs fixed their price target at $88. This corresponds to a 9.25% downside from the last closing price. On the date of report, the stock closed at $97.06.

Wedbush reiterated their Outperform stance on October 7. On the date of report, the stock closed at $94.75.

Another research firm was Oppenheimer who reiterated their Outperform stance on September 23. Oppenheimer increased their price target on Jack in the Box Inc from $105 to $115. This translates to a 18.59% upside from the last closing price. On the date of report, the stock closed at $102.14.

Company snapshot

Jack in the Box Inc. operates and franchises Jack in the Box fast-food restaurants and Qdoba Mexican Grill restaurants. The Company provides a variety of food items including hamburgers, specialty sandwiches, salads, Mexican food, finger foods, and side items. Jack in the Box offers its products and services throughout the United States and Canada.

Jack in the Box Inc (NASDAQ:JACK) reaching 52-week high, short interest ramping up was last modified: November 8th, 2016 by Steven Finley