Jack In The Box (NASDAQ:JACK) Shares Pass Above 200-Day Moving Average – Should You Sell?

Jack In The Box Inc. (NASDAQ:JACK) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $15.55 and traded as high as $17.44. Jack In The Box shares last traded at $17.41, with a volume of 2,788,184 shares changing hands.

Wall Street Analysts Forecast Growth

JACK has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft set a $15.00 price objective on Jack In The Box in a report on Thursday, May 14th. TD Cowen decreased their target price on Jack In The Box from $16.00 to $12.00 and set a “hold” rating for the company in a report on Tuesday, April 14th. Barclays decreased their target price on Jack In The Box from $23.00 to $15.00 and set an “equal weight” rating for the company in a report on Thursday, May 14th. Mizuho upped their target price on Jack In The Box from $11.00 to $13.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Finally, Royal Bank Of Canada cut their price target on shares of Jack In The Box from $17.00 to $16.00 and set an “outperform” rating on the stock in a report on Thursday, May 14th. Three investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $15.84.

Jack In The Box Stock Performance

The firm has a market cap of $332.01 million, a price-to-earnings ratio of 9.41, a PEG ratio of 0.87 and a beta of 1.38. The business’s 50 day moving average price is $12.66 and its 200 day moving average price is $15.55.

Jack In The Box (NASDAQ:JACK) last posted its earnings results on Wednesday, May 13th. The restaurant operator reported $0.76 earnings per share (EPS) 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 firm had revenue of $254.26 million during the quarter, compared to analysts’ expectations of $256.55 million. During the same period in the previous year, the business posted $1.20 EPS. The business’s revenue was down 24.5% compared to the same quarter last year. Sell-side analysts anticipate that Jack In The Box Inc. will post 3.41 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Guillermo Diaz, Jr. acquired 5,962 shares of the business’s stock in a transaction on Thursday, May 28th. The stock was bought at an average price of $11.51 per share, with a total value of $68,622.62. Following the completion of the acquisition, the director owned 20,692 shares of the company’s stock, valued at approximately $238,164.92. This represents a 40.48% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 modified their holdings of JACK. US Bancorp DE raised its holdings in Jack In The Box by 96.7% in the 3rd quarter. US Bancorp DE now owns 1,420 shares of the restaurant operator’s stock worth $28,000 after purchasing an additional 698 shares during the period. Allworth Financial LP boosted its position 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. Northwestern Mutual Wealth Management Co. grew its holdings in Jack In The Box by 3,604.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,852 shares of the restaurant operator’s stock valued at $35,000 after purchasing an additional 1,802 shares during the period. Russell Investments Group Ltd. grew its holdings in Jack In The Box by 882.5% in the third quarter. Russell Investments Group Ltd. now owns 3,144 shares of the restaurant operator’s stock valued at $62,000 after purchasing an additional 2,824 shares during the period. Finally, Inspire Investing LLC purchased a new stake in shares of Jack In The Box in the fourth quarter valued at approximately $100,000. 99.79% of the stock is currently owned by institutional investors and hedge funds.

About Jack In The Box

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.