Jack In The Box (NASDAQ:JACK) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

Shares of Jack In The Box Inc. (NASDAQ:JACK) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $13.81 and traded as high as $13.88. Jack In The Box shares last traded at $13.25, with a volume of 514,000 shares traded.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on JACK shares. Citigroup lifted their target price on Jack In The Box from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Thursday, August 13th. Weiss Ratings restated a “sell (d)” rating on shares of Jack In The Box in a research note on Tuesday, August 11th. UBS Group raised their price target on shares of Jack In The Box from $14.00 to $20.00 and gave the stock a “neutral” rating in a research report on Thursday, August 13th. Royal Bank Of Canada lifted their price objective on shares of Jack In The Box from $16.00 to $22.00 and gave the stock an “outperform” rating in a research note on Thursday, August 13th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $16.00 price objective on shares of Jack In The Box in a report on Thursday, August 13th. Three research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $17.22.

Jack In The Box Stock Performance

The firm’s fifty day simple moving average is $15.97 and its 200 day simple moving average is $13.80. The stock has a market capitalization of $250.49 million, a P/E ratio of 7.55, a price-to-earnings-growth ratio of 0.79 and a beta of 1.38.

Jack In The Box (NASDAQ:JACK) last issued its quarterly earnings results on Wednesday, August 12th. The restaurant operator reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.08. The company had revenue of $257.66 million during the quarter, compared to the consensus estimate of $264.60 million. Jack In The Box had a net margin of 2.84% and a negative return on equity of 6.33%. The firm’s quarterly revenue was down 22.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.02 EPS. Analysts anticipate that Jack In The Box Inc. will post 3.15 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Jack In The Box

A number of large investors have recently modified their holdings of JACK. Allworth Financial LP raised its holdings 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 worth $28,000 after buying an additional 1,126 shares in the last quarter. Manning & Napier Advisors LLC boosted its stake in Jack In The Box by 0.4% in the first quarter. Manning & Napier Advisors LLC now owns 376,343 shares of the restaurant operator’s stock valued at $3,639,000 after buying an additional 1,677 shares in the last quarter. Legal & General Group Plc acquired a new stake in Jack In The Box in the second quarter valued at about $30,000. Cetera Investment Advisers grew its position in Jack In The Box by 8.6% in the first quarter. Cetera Investment Advisers now owns 25,027 shares of the restaurant operator’s stock valued at $242,000 after acquiring an additional 1,987 shares during the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in Jack In The Box in the second quarter valued at about $48,000. Institutional investors and hedge funds own 99.79% of the company’s stock.

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.