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

Jack In The Box Inc. (NASDAQ:JACK)’s share price 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 changing hands.

Analysts Set New Price Targets

A number of brokerages recently weighed in on JACK. Citigroup decreased their price target on shares of Jack In The Box from $15.00 to $14.00 and set a “neutral” rating for the company in a research note on Thursday, May 14th. Oppenheimer reduced their target price on shares of Jack In The Box from $27.00 to $22.00 and set an “outperform” rating for the company in a report on Thursday, May 14th. Mizuho increased their target price on shares of 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. Wall Street Zen downgraded shares of Jack In The Box from a “hold” rating to a “sell” rating in a research note on Saturday, May 30th. Finally, Royal Bank Of Canada lowered their price target on 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 analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $15.84.

Jack In The Box Stock Performance

The business’s 50-day moving average is $13.39 and its two-hundred day moving average is $15.07. The stock has a market capitalization of $277.47 million, a PE ratio of 7.86, a price-to-earnings-growth ratio of 0.78 and a beta of 1.38.

Jack In The Box (NASDAQ:JACK) last announced its quarterly earnings data on Wednesday, May 13th. The restaurant operator reported $0.76 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $256.55 million. During the same quarter in the prior year, the firm earned $1.20 EPS. Jack In The Box’s quarterly revenue was down 24.5% on a year-over-year basis. Equities analysts forecast that Jack In The Box Inc. will post 3.42 EPS for the current year.

Insider Transactions at Jack In The Box

In other news, Director Guillermo Diaz, Jr. purchased 5,962 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The stock was purchased at an average cost of $11.51 per share, with a total value of $68,622.62. Following the completion of the acquisition, the director directly owned 20,692 shares of the company’s stock, valued at approximately $238,164.92. This trade represents a 40.48% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.40% of the stock is owned by corporate insiders.

Institutional Trading of Jack In The Box

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

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.