Jack In The Box (NASDAQ:JACK) Stock Crosses Above 200-Day Moving Average – Here’s Why

Jack In The Box Inc. (NASDAQ:JACK) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $18.91 and traded as high as $19.96. Jack In The Box shares last traded at $19.68, with a volume of 517,959 shares traded.

Wall Street Analysts Forecast Growth

JACK has been the topic of several analyst reports. Stifel Nicolaus dropped their target price on Jack In The Box from $20.00 to $18.00 and set a “hold” rating on the stock in a report on Thursday, November 20th. The Goldman Sachs Group lowered their price objective on shares of Jack In The Box from $17.00 to $15.00 and set a “sell” rating for the company in a research report on Thursday, November 20th. Truist Financial dropped their price objective on shares of Jack In The Box from $19.00 to $16.00 and set a “hold” rating on the stock in a research note on Thursday, November 20th. Wall Street Zen downgraded shares of Jack In The Box from a “hold” rating to a “sell” rating in a research note on Saturday, November 22nd. Finally, Morgan Stanley set a $20.00 price target on shares of Jack In The Box in a report on Tuesday, October 21st. Five equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Jack In The Box has a consensus rating of “Hold” and a consensus target price of $24.33.

Jack In The Box Price Performance

The firm has a market cap of $371.95 million, a price-to-earnings ratio of -4.61, a P/E/G ratio of 0.97 and a beta of 1.13. The business’s 50-day moving average price is $17.72 and its two-hundred day moving average price is $18.91.

Jack In The Box (NASDAQ:JACK) last posted its quarterly earnings results on Wednesday, November 19th. The restaurant operator reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.16). The company had revenue of $326.19 million during the quarter, compared to analyst estimates of $324.23 million. Jack In The Box had a negative net margin of 5.51% and a negative return on equity of 9.23%. The company’s revenue was down 6.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.16 earnings per share. Equities analysts predict that Jack In The Box Inc. will post 5.33 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Steven Piano sold 1,491 shares of the business’s stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $19.08, for a total value of $28,448.28. Following the completion of the sale, the senior vice president directly owned 27,053 shares of the company’s stock, valued at $516,171.24. The trade was a 5.22% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Lance F. Tucker bought 5,000 shares of Jack In The Box stock in a transaction on Monday, November 24th. The shares were purchased at an average cost of $17.29 per share, for a total transaction of $86,450.00. Following the acquisition, the chief executive officer owned 84,555 shares in the company, valued at $1,461,955.95. The trade was a 6.28% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders sold 8,486 shares of company stock valued at $162,039. 1.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Jack In The Box

Institutional investors have recently modified their holdings of the business. Charles Schwab Investment Management Inc. lifted its holdings in Jack In The Box by 5.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 462,152 shares of the restaurant operator’s stock worth $12,566,000 after acquiring an additional 25,791 shares during the last quarter. Invesco Ltd. raised its position in shares of Jack In The Box by 16.0% during the 1st quarter. Invesco Ltd. now owns 120,971 shares of the restaurant operator’s stock worth $3,289,000 after purchasing an additional 16,667 shares during the period. Nuveen LLC bought a new stake in shares of Jack In The Box in the 1st quarter worth approximately $1,300,000. Public Sector Pension Investment Board boosted its position in Jack In The Box by 25.0% during the 1st quarter. Public Sector Pension Investment Board now owns 59,823 shares of the restaurant operator’s stock valued at $1,627,000 after purchasing an additional 11,982 shares during the period. Finally, AlphaQuest LLC boosted its position in Jack In The Box by 7,362.4% during the 1st quarter. AlphaQuest LLC now owns 6,343 shares of the restaurant operator’s stock valued at $172,000 after purchasing an additional 6,258 shares during the period. Institutional investors own 99.79% of the company’s stock.

Jack In The Box Company Profile

Jack in the Box Inc operates and franchises Jack in the Box and Del Taco quick-service restaurants in the United States. The company was founded in 1951 and is headquartered in San Diego, California.