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

Jack In The Box Inc. (NASDAQ:JACK) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $19.13 and traded as high as $22.66. Jack In The Box shares last traded at $22.58, with a volume of 430,272 shares.

Analyst Upgrades and Downgrades

JACK has been the topic of several recent analyst reports. Zacks Research downgraded Jack In The Box from a “hold” rating to a “strong sell” rating in a research report on Friday, November 21st. TD Cowen lowered their price objective on shares of Jack In The Box from $21.00 to $16.00 and set a “hold” rating on the stock in a research note on Thursday, November 20th. Northcoast Research raised shares of Jack In The Box from a “sell” rating to a “neutral” rating in a research report on Friday, November 21st. Barclays increased their price target on shares of Jack In The Box from $15.00 to $20.00 and gave the company an “equal weight” rating in a report on Wednesday, January 7th. Finally, Stifel Nicolaus decreased their price target on shares of Jack In The Box from $20.00 to $18.00 and set a “hold” rating on the stock in a research report on Thursday, November 20th. Five investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, Jack In The Box has a consensus rating of “Hold” and an average price target of $24.71.

Jack In The Box Price Performance

The firm has a market capitalization of $426.76 million, a price-to-earnings ratio of -5.29, a price-to-earnings-growth ratio of 1.10 and a beta of 1.13. The business has a 50 day moving average of $18.80 and a 200 day moving average of $19.13.

Jack In The Box (NASDAQ:JACK) last announced 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). Jack In The Box had a negative net margin of 5.51% and a negative return on equity of 9.23%. The business had revenue of $326.19 million during the quarter, compared to the consensus estimate of $324.23 million. During the same period last year, the firm earned $1.16 EPS. The company’s quarterly revenue was down 6.6% compared to the same quarter last year. On average, sell-side analysts forecast that Jack In The Box Inc. will post 5.33 EPS for the current fiscal year.

Insider Transactions at Jack In The Box

In other Jack In The Box news, SVP Carl Mount sold 1,393 shares of the firm’s stock in a transaction dated Tuesday, November 25th. The shares were sold at an average price of $19.00, for a total transaction of $26,467.00. Following the completion of the transaction, the senior vice president owned 19,300 shares in the company, valued at $366,700. This trade represents a 6.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Lance F. Tucker acquired 5,000 shares of the firm’s stock in a transaction on Monday, November 24th. The shares were bought at an average cost of $17.29 per share, for a total transaction of $86,450.00. Following the completion of the acquisition, the chief executive officer directly owned 84,555 shares of the company’s stock, valued at approximately $1,461,955.95. This represents a 6.28% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders have sold 9,466 shares of company stock valued at $181,110. Corporate insiders own 1.40% of the company’s stock.

Institutional Trading of Jack In The Box

Large investors have recently bought and sold shares of the stock. Marshall Wace LLP raised its stake in Jack In The Box by 192.9% during the third quarter. Marshall Wace LLP now owns 744,141 shares of the restaurant operator’s stock worth $14,712,000 after acquiring an additional 490,071 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Jack In The Box by 519.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 241,444 shares of the restaurant operator’s stock worth $4,773,000 after purchasing an additional 202,469 shares during the last quarter. Two Sigma Investments LP increased its position in shares of Jack In The Box by 186.4% during the 3rd quarter. Two Sigma Investments LP now owns 236,606 shares of the restaurant operator’s stock worth $4,678,000 after purchasing an additional 154,002 shares in the last quarter. Millennium Management LLC lifted its holdings in Jack In The Box by 535.1% during the 3rd quarter. Millennium Management LLC now owns 152,138 shares of the restaurant operator’s stock valued at $3,008,000 after purchasing an additional 128,182 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Jack In The Box by 45.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 389,327 shares of the restaurant operator’s stock valued at $7,697,000 after purchasing an additional 121,752 shares during the last quarter. 99.79% of the stock is currently owned by institutional investors.

Jack In The Box Company Profile

Jack in the Box (NASDAQ: JACK) is a publicly traded quick-service restaurant company best known for its Jack in the Box brand of fast-food restaurants. Founded in 1951 by Robert O. Peterson and headquartered in San Diego, California, the company has operated for decades as a franchisor and operator of drive-thru and dine-in restaurants. Its business model combines company-owned locations with franchise arrangements, and the company focuses on building brand recognition through menu innovation, marketing and service convenience.

The company’s core offerings center on a broad fast-food menu that includes hamburgers (notably the Jumbo Jack), tacos, breakfast items, sandwiches, salads, sides and specialty limited-time items.