Finance

Analyzing the Insider Data for Jack in the Box (JACK)

Recent insider trends for Jack in the Box Inc. (NASDAQ:JACK) have caught the attention of investors. Analysts monitor insider data to understand the sentiment of a company’s largest and most important shareholders. JACK’s insider trading patterns have some implications for where the stock might be headed.

Institutions own 98.51% of Jack in the Box Inc. (JACK)’s shares. The total value of these holdings, in millions, is $2,890. Among active positions in the latest quarter, 118 holders increased their positions by a total of 5.9 million shares, 121 holders decreased the positions by a total of 5.88 million shares, and 32 holders held their positions. This works out to a net increase in ownership of 16157 shares, and suggests that institutions are feeling bullish about the stock.

Among new and sold out positions, 32 holders initiated new positions by a total of 2.77 million shares and 37 holders exited their positions by a total of 1.55 million shares. This nets out to an increase of 1.22 million shares and is a bullish sign for JACK.

In the last three months, insiders executed a total of 7 trades. 6 of these were buys and 1 were sells. Insider ownership decreased by a total of 113 shares, which suggests that JACK’s key executives are feeling less optimistic about the outlook for the stock. The data from the past twelve months tells a similar story: insiders executed 53 buys and 35 sells, and ownership decreased by a net of 84570 shares.



Short interest is another tool that analysts use to gauge investor sentiment. It represents the number of a stock’s shares that are being shorted by investors. Jack in the Box Inc. (NASDAQ:JACK)’s short interest is 1.48 million shares, or % of the float. This represents a decrease of -15% in the number of shares being shorted compared to the previous reading, and implies that investors felt less pessimistic about the stock during the past two weeks.

Given what the insider ownership patterns are saying, it makes sense to consider the technicals to see if these pieces of information reach the same conclusion about the outlook for JACK. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that JACK is a Strong buy, which implies that JACK is expected to outperform the market based on prior trading patterns.

Conclusion




Institutional ownership trends suggest that the stock is cheap and the insider trading data indicates that insiders are bearish. Technical indicators (also) suggest that Jack in the Box Inc. (NASDAQ:JACK) is undervalued.

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