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

Shares of Jack In The Box Inc. (NASDAQ:JACK) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $15.37 and traded as high as $15.61. Jack In The Box shares last traded at $15.17, with a volume of 892,381 shares traded.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Morgan Stanley lowered their target price on shares of Jack In The Box from $19.00 to $15.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 21st. TD Cowen cut their price target on shares of 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. Mizuho raised their price objective on shares of 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. Weiss Ratings raised Jack In The Box from a “sell (e+)” rating to a “sell (d)” rating in a report on Thursday, May 14th. Finally, Oppenheimer dropped their target price on Jack In The Box from $27.00 to $22.00 and set an “outperform” rating on the stock in a research report on Thursday, May 14th. Three research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $15.84.

Jack In The Box Stock Performance

The stock’s fifty day moving average price is $13.00 and its 200-day moving average price is $15.37. The firm has a market cap of $289.29 million, a PE ratio of 8.20, a P/E/G ratio of 0.79 and a beta of 1.38.

Jack In The Box (NASDAQ:JACK) last released 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. The firm had revenue of $254.26 million for the quarter, compared to the consensus estimate of $256.55 million. Jack In The Box had a net margin of 2.82% and a negative return on equity of 6.34%. The firm’s revenue was down 24.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.20 earnings per share. Sell-side analysts forecast that Jack In The Box Inc. will post 3.41 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Guillermo Diaz, Jr. purchased 5,962 shares of Jack In The Box stock in a transaction dated Thursday, May 28th. The stock was bought at an average cost of $11.51 per share, for a total transaction of $68,622.62. Following the transaction, the director owned 20,692 shares in the company, valued at approximately $238,164.92. The trade was a 40.48% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On Jack In The Box

Several hedge funds have recently bought and sold shares of the company. Marshall Wace LLP raised its stake in shares of 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 worth $14,712,000 after buying an additional 490,071 shares during the last quarter. Windward Management LP acquired a new stake in Jack In The Box in the 4th quarter valued at about $7,394,000. Janus Henderson Group PLC purchased a new position in Jack In The Box during the 4th quarter valued at about $5,591,000. Nantahala Capital Management LLC increased its holdings in Jack In The Box by 44.3% during the 4th quarter. Nantahala Capital Management LLC now owns 865,990 shares of the restaurant operator’s stock valued at $16,411,000 after acquiring an additional 265,990 shares in the last quarter. Finally, Readystate Asset Management LP acquired a new position in Jack In The Box during the fourth quarter worth about $4,268,000. 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.