Jack In The Box (NASDAQ:JACK) Shares Pass Above 200-Day Moving Average – What’s Next?

Shares of Jack In The Box Inc. (NASDAQ:JACK) 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.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on JACK. Mizuho increased their price objective 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. The Goldman Sachs Group reduced their price target on shares of Jack In The Box from $17.00 to $12.00 and set a “sell” rating on the stock in a research report on Friday, May 15th. Sanford C. Bernstein set a $15.00 price target on shares of Jack In The Box in a research note on Thursday, May 14th. UBS Group lowered their price objective on shares of Jack In The Box from $23.00 to $14.00 and set a “neutral” rating for the company in a report on Thursday, May 14th. Finally, Deutsche Bank Aktiengesellschaft set a $15.00 price objective on shares of Jack In The Box in a research note on Thursday, May 14th. Three equities research 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 data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $15.84.

Jack In The Box Stock Performance

The firm has a fifty day simple moving average of $12.75 and a two-hundred day simple moving average of $15.52. The firm has a market cap of $328.07 million, a PE ratio of 9.30, a PEG ratio of 0.96 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 (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.02. The firm had revenue of $254.26 million for the quarter, compared to analysts’ expectations of $256.55 million. Jack In The Box had a negative return on equity of 6.34% and a net margin of 2.82%.The business’s revenue was down 24.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.20 earnings per share. Equities analysts expect that Jack In The Box Inc. will post 3.41 earnings per share for the current fiscal year.

Insider Transactions at Jack In The Box

In related news, Director Guillermo Diaz, Jr. acquired 5,962 shares of Jack In The Box stock in a transaction on Thursday, May 28th. The shares were acquired at an average cost of $11.51 per share, with a total value of $68,622.62. Following the transaction, the director owned 20,692 shares in the company, valued at $238,164.92. This trade represents a 40.48% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On Jack In The Box

Several institutional investors and hedge funds have recently modified their holdings of JACK. Callodine Capital Management LP increased its position in shares of Jack In The Box by 3.5% during the first quarter. Callodine Capital Management LP now owns 1,760,470 shares of the restaurant operator’s stock valued at $17,024,000 after buying an additional 59,966 shares during the period. Nantahala Capital Management LLC lifted its holdings in Jack In The Box by 44.3% in the fourth quarter. Nantahala Capital Management LLC now owns 865,990 shares of the restaurant operator’s stock worth $16,411,000 after buying an additional 265,990 shares during the period. Marshall Wace LLP boosted its position in Jack In The Box by 192.9% during the 3rd quarter. Marshall Wace LLP now owns 744,141 shares of the restaurant operator’s stock valued at $14,712,000 after acquiring an additional 490,071 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Jack In The Box by 18.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 639,060 shares of the restaurant operator’s stock valued at $12,110,000 after acquiring an additional 97,326 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in shares of Jack In The Box by 21.2% during the 1st quarter. Bank of America Corp DE now owns 622,779 shares of the restaurant operator’s stock worth $6,022,000 after acquiring an additional 108,865 shares during the period. 99.79% of the stock is owned by hedge funds and other 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.