Jack In The Box (NASDAQ:JACK) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

Shares of Jack In The Box Inc. (NASDAQ:JACK) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $15.11 and traded as high as $15.22. Jack In The Box shares last traded at $14.24, with a volume of 613,683 shares trading hands.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on JACK shares. Citigroup decreased their target price on shares of Jack In The Box from $15.00 to $14.00 and set a “neutral” rating on the stock in a research note on Thursday, May 14th. Jefferies Financial Group set a $12.50 price target on Jack In The Box in a research report on Thursday, May 14th. Weiss Ratings raised Jack In The Box from a “sell (e+)” rating to a “sell (d)” rating in a report on Thursday, May 14th. UBS Group reduced their price objective on Jack In The Box from $23.00 to $14.00 and set a “neutral” rating on the stock in a research report on Thursday, May 14th. Finally, Mizuho boosted their price objective on Jack In The Box from $11.00 to $13.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Three investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Jack In The Box has a consensus rating of “Hold” and a consensus price target of $15.84.

Jack In The Box Stock Down 3.8%

The company’s 50-day moving average is $13.33 and its 200-day moving average is $15.11. The stock has a market capitalization of $271.56 million, a price-to-earnings ratio of 7.70, a PEG ratio of 0.81 and a beta of 1.38.

Jack In The Box (NASDAQ:JACK) last posted its earnings results on Wednesday, May 13th. The restaurant operator reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.02. Jack In The Box had a net margin of 2.82% and a negative return on equity of 6.34%. The company had revenue of $254.26 million for the quarter, compared to analyst estimates of $256.55 million. During the same period in the previous year, the business posted $1.20 EPS. Jack In The Box’s revenue was down 24.5% on a year-over-year basis. Sell-side analysts anticipate that Jack In The Box Inc. will post 3.42 EPS for the current year.

Insider Buying and Selling

In related news, Director Guillermo Diaz, Jr. acquired 5,962 shares of Jack In The Box stock in a transaction that occurred on Thursday, May 28th. The shares were purchased at an average cost of $11.51 per share, for a total transaction of $68,622.62. Following the acquisition, the director owned 20,692 shares in the company, valued at approximately $238,164.92. This represents a 40.48% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On Jack In The Box

A number of institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada increased its holdings in Jack In The Box by 5.9% in the 1st quarter. Royal Bank of Canada now owns 12,035 shares of the restaurant operator’s stock valued at $327,000 after purchasing an additional 671 shares during the last quarter. US Bancorp DE lifted its stake in Jack In The Box by 96.7% during the third quarter. US Bancorp DE now owns 1,420 shares of the restaurant operator’s stock worth $28,000 after purchasing an additional 698 shares in the last quarter. Allworth Financial LP lifted its stake in Jack In The Box by 322.6% during the fourth quarter. Allworth Financial LP now owns 1,475 shares of the restaurant operator’s stock worth $28,000 after purchasing an additional 1,126 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in Jack In The Box by 43.4% during the fourth quarter. Russell Investments Group Ltd. now owns 4,507 shares of the restaurant operator’s stock worth $85,000 after purchasing an additional 1,363 shares in the last quarter. Finally, Manning & Napier Advisors LLC boosted its position in shares of Jack In The Box by 0.4% during the first quarter. Manning & Napier Advisors LLC now owns 376,343 shares of the restaurant operator’s stock worth $3,639,000 after buying an additional 1,677 shares during the period. 99.79% of the stock is currently owned by institutional investors and hedge funds.

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.